eToro’s Q3 profit plunges 74% to $15 million as crypto trading cools

eToro reported a 74% year-over-year drop in third-quarter profit to $15 million as crypto trading activity cooled. The brokerage’s heavy reliance on crypto revenue underscores the risk of market concentration and the need to diversify earnings. The results highlight how sensitive eToro’s financial performance is to digital-asset trading volumes. Investors will watch whether the company can broaden its revenue base beyond crypto to stabilize future earnings.