eToro (ETOR) Soars 9% on Earnings Blowout

Core Viewpoint - eToro Group Ltd. (NASDAQ:ETOR) has demonstrated strong financial performance, leading to a significant increase in stock price and plans for share repurchase, indicating confidence in its fundamental value [1][4][5]. Financial Performance - Net income for eToro increased by 47.5% to $56.8 million from $38.5 million year-on-year [2]. - Total revenues expanded by 162% to $4.1 million from $1.56 million year-on-year [2]. - Funded accounts rose by 16% and assets under administration increased by 76% year-over-year, reflecting robust user engagement and growth in customer base [3]. Stock Performance and Share Repurchase - eToro's stock price rose by 9.30% to close at $41.24, marking the third consecutive day of gains [1]. - The company announced a share repurchase plan of up to $200 million, with $150 million already approved by the Board of Directors [4]. - eToro believes that the current share price does not fully reflect its fundamental value, making the share repurchase a prudent capital allocation [5].