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eToro Targets $100 Million Latin America Revenue From Sub-$20 Million Argentine Deal

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eToro Targets $100 Million Latin America Revenue From Sub-$20 Million Argentine Deal

eToro wants $100 million in Latin American revenue within two to three years, its chief executive, Yoni Assia, told analysts yesterday (Tuesday). The base will be LB Finanzas, an Argentine investing and payments app the company agreed to buy for less than $20 million.

The price came out on the third-quarter earnings call. Chief Financial Officer Meron Shani gave the figure in reply to an analyst and said the deal would not be material to the balance sheet.

The target is more than half of eToro's third-quarter net contribution, its main revenue measure, of $186 million. In that quarter net income fell 74% year-over-year and October crypto trades dropped 62% from a year earlier.

eToro shares fell 7.6% on Tuesday to close at $21.56, their lowest close since the company listed on Nasdaq in May 2025 at $52 a share.

LB Finanzas was founded in Rosario in 2018 and offers US stocks, ETFs, crypto and money market funds alongside peso and dollar accounts.

It is supervised by Argentina's National Securities Commission (CNV) and the Central Bank of the Argentine Republic (BCRA), eToro said when it announced the deal on November 4 without giving terms.

It is the fourth acquisition eToro has signed this year. The company bought self-custody wallet Zengo in April and Israeli crypto exchange Bit2C in May, and in August agreed to pay about $225 million for US broker TradeZero, a deal it expects to close in the first half of 2027.

Assia told analysts the company would now take time to fold those businesses in.


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