eToro Targets $100 Million in Latin America Revenue Within Two to Three Years

eToro aims to reach $100 million in Latin American revenue within two to three years, CEO Yoni Assia said Nov. 10, outlining the growth target as the company plans to make Argentina its regional hub.

The expansion is tied to eToro’s planned acquisition of LB Finanzas, an Argentine investing and payments app. eToro announced its agreement to acquire LB Finanzas on Nov. 4. The deal remains subject to customary closing conditions.

On eToro’s third-quarter earnings call at 8:30 a.m. ET (13:30 UTC), CFO Meron Shani put the deal’s expected cost below $20 million and said it would have no material effect on the company’s balance sheet.

Through LB Finanzas, users can invest in stocks, ETFs, cryptocurrency and money-market funds. Its services also include payments and accounts denominated in Argentine pesos and U.S. dollars.

The revenue target comes after a weaker third quarter. eToro’s net contribution declined 13% from a year earlier to $186 million, while net income fell 74% to $15 million.

Assia said eToro would slow its dealmaking to focus on integrating companies it has acquired. The company announced four acquisitions in 2026.