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eToro Group Ltd. said its profits fell last quarter and plans to buy back $250 million in shares.

ResultsRead the original at globenewswire.com
Bad for ETOR

eToro’s contribution fell 13% to $186 million, profit fell 74% to $15 million, and adjusted EBITDA fell 56% to $34 million. The $250 million buyback and 18% growth in funded accounts help, but do not outweigh the steep profit drops.

ETOR · eToro Group Ltd.

AI read · Bad for ETOR

The AI's read

The steep falls in contribution and profit point to weaker results from eToro’s business. More funded accounts and the new AI app are encouraging, but the report does not show them reversing those declines. The authorized buyback could return cash to shareholders, but it does not show that profit is recovering.

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