eToro Profit Halves as Crypto Slump Drives 56% EBITDA Drop, but Funded Accounts Hit 4.39M and $250M Buyback Announced

eToro Group’s third-quarter earnings call began with a candid acknowledgment: the trading platform is navigating a cooler market environment after a strong first half. Net contribution fell 13% year-over-year to $186 million, and adjusted EBITDA plunged 56% to $34 million, as lower crypto activity and heavier marketing spend squeezed profitability. Adjusted diluted EPS came in at $0.26, down from $0.60 in the prior-year period.

“Following a strong first half, lower volatility across equities, commodities, and crypto created headwinds and softened trading activity in the third quarter,” CEO Yoni Assia said….