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