eToro Stock Soars After Q3 Earnings Boom & $150M Buyback Plan

Shares of eToro (Nasdaq: ETOR) saw a significant surge on Monday following the company’s strong third-quarter earnings report. The platform reported a staggering 76% year-over-year increase in assets under administration, reaching $20.8 billion by Q3 end. This growth also resulted in a 28% jump in net contribution to $215 million, compared to the previous year’s $167 million.