EToro’s (ETOR) third-quarter earnings topped expectations as stronger crypto trading activity lifted results, investment bank KBW said.
Net income rose 48% from a year earlier to $57 million, according to the company’s GAAP results. Adjusted Ebitda grew 43% to $78 million, largely due to increased net contribution and disciplined cost management, the company said Monday.
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Adjusted Ebitda of $78 million exceeded KBW’s $70 million estimate
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