Retail broker eToro released its financial results for the third quarter on Monday.

The Israeli broker said that it had delivered revenue of $215m in the quarter, up 28% year on year. Net income was up to $57m, compared to $39m in 2024.

Company founder and CEO Yoni Assia also made a couple of interesting comments in the broker’s press conference accompanying the results release.

Firstly, Assia confirmed that the company is “in talks with Kalshi and Polymarket”, presumably about adding their products to the eToro platform.

The eToro CEO noted that the broker’s infrastructure, with access to futures and crypto products, could be switched to add the event contracts that both platforms offer.

“We do believe that prediction markets on financial events, on geopolitics, or on economic events, do create significant value in people thinking about their trading strategies or hedging….and that initially will be our focus to help our customers basically find those financial opportunities that are related to their portfolios,” said Assia.

The eToro CEO made that comment in response to a question about event contracts and whether or not eToro will add sports betting and gambling products as well. Assia did not respond to the part about sports betting products.

Another interesting part of the call was on M&A activity. eToro has over $1bn in cash and cash equivalents.

Part of those funds will be used to launch a $150m share buyback programme, with the broker saying it believes its stock is undervalued.

However, on the conference call, Assia frequently alluded to the firm looking at inorganic growth opportunities via acquisitions.

Assia said the firm is “talking to various potential targets” and will pursue them if they believe they can add value to eToro’s customers.