eToro Revenues up 30% QoQ in Q4 to $290M range | Crypto Craft

  • eToro Revenues up 30% QoQ in Q4 to $290M range

    From fxnewsgroup.com

    FNG has learned via regulatory filings made by eToro's SPAC merger partner FinTech Acquisition Corp. V (NASDAQ:FTCV), that eToro expects a significant improvement in financial results for the fourth quarter of 2021, which still has about a week to go. The filing states that eToro expects Revenues (what it calls “Total commissions”) of between $285 million and $295 million for Q4-2021, about 30% higher as compared to $222 million in Q3 2021. The $285-$290 million figure, however, is still well below the $350-$360 million Revenue range that the Retail FX broker reported for each of the first two quarters of 2021. ... (full story)

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Trader#9986
Dec 22, 2021 12:25pm
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etoro is doing great and all but $ 10 bln ??????? that's like an 8x multiple EV/rev which is way out of whack esp cause there revenue gooes up and down each quarter and could dry up very quickly like if cryptos went cold which they do once in a while.
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