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eToro Group Announces Sharp Q3 Profit Drop and $250 Million Share Buyback

Earnings Whispers +1 · ·by G4L

ETOR
ETOR Etoro Group Ltd
$21.56 -7.55%
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  1. 1eToro Group's profit decreased by 56.7% year-over-year.
  2. 2eToro Group announced a new $250 million share buyback.
  3. 3eToro Group provided guidance to reduce adjusted operating expenses by at least 5% in Q4 compared to Q3.

So what's the key point?

eToro Group's profit fell by 56.7% compared to last year. The company decided to buy back its own shares worth $250 million.

Source Earnings Whispers +1 · View original ↗

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