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Voyager Digital Fiscal Q1 Revenue Falls 40% From 4Q

Voyager Digital Fiscal Q1 Revenue Falls 40% From 4Q

Voyager Digital Fiscal Q1 Revenue Falls 40% From 4Q

The crypto broker’s publicly traded shares were down 14% on the Toronto Stock Exchange.

The crypto broker’s publicly traded shares were down 14% on the Toronto Stock Exchange.

The crypto broker’s publicly traded shares were down 14% on the Toronto Stock Exchange.

By Jamie Crawley
AccessTimeIconOct 6, 2021, 2:41 PM
Updated May 11, 2023, 4:06 PM
Steve Ehrlich, co-founder and CEO of Voyager
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Voyager Digital said Wednesday that its fiscal first-quarter revenue climbed to more than $60 million from $2 million a year ago, but fell 40% from its fiscal fourth quarter.

  • The crypto brokerage platform posted preliminary revenue for the three months ended Sept. 30 of between $63 million and $67 million.
  • While that represents a more than 30-fold jump from the year-earlier period, it’s 40% below the figure for the company’s fiscal fourth quarter that ended on June 30.
  • Voyager Digital’s shares on the Toronto Stock Exchange (TSX: VOYG) were down more than 14% at the time of writing.
  • Verified users increased to more than 2 million from 87,500 the year before, with net new deposits growing to $827 million from $36 million.
  • Voyager Digital is publicly traded in North America on the TSX and in Europe on the Frankfurt Stock Exchange.

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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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