eToro Group Ltd (ETOR) News & EventsETORNews & EventseToro Group Ltd

eToro to Acquire TradeZero for $231M

eToro announced that it has entered into an agreement to acquire TradeZero. TradeZero has operations across the US, Canada and international markets. Under the terms of the agreement, etoro expects the aggregate purchase consideration to be up to $231M, consisting of cash and up to 2.5M newly issued Class A common shares of the company, subject to certain customary purchase price adjustments. TradeZero generated approximately $80M in revenue with 81% gross margins in the last twelve months. The transaction is expected to be accretive to adjusted EPS in the first year upon completion. The acquisition is subject to customary closing conditions, including obtaining requisite regulatory approvals, and is currently expected to close during the first half of 2027.

eToro Funded Accounts Increase 18% Year Over Year to 4.28M

Funded accounts increased 18% year over year to 4.28M. "We delivered another strong quarter as we continue executing against our long-term strategy," said Yoni Assia, co-founder and CEO of etoro.