eToro Board of Directors approved $100M increase to share repurchase program

eToro (ETOR) announced that its Board of Directors has approved a $100M increase to its existing share repurchase program. The program previously authorized $150M, of which $100M has already been used, leaving $50M remaining. Following the increase, total remaining authorization is $150 million. Such repurchases may be made through a variety of methods, including through open market transactions, privately negotiated transactions, block trades and by way of an accelerated share repurchase program. Additionally, subject to market and other conditions, the Company intends to enter into an Accelerated Share Repurchase agreement to repurchase approximately $50 million of its common shares under the new authorization.