eToro reported third-quarter net income of $15 million, down 74% from $57 million a year earlier, primarily because crypto trading activity declined sharply. Diluted earnings per share fell to $0.14 from $0.53, while adjusted EBITDA dropped 56% to $34 million. However, the platform grew its funded account base by 18% to 4.39 million and maintained $20.8 billion in assets under administration. Crypto trades fell 62% year over year to 2 million in October. The board also authorized a share repurchase program of up to $250 million, while the company launched an AI-focused trading app during the quarter.
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