Share this article
Voyager Digital Fiscal Q1 Revenue Falls 40% From 4Q
The crypto broker’s publicly traded shares were down 14% on the Toronto Stock Exchange.
Updated May 11, 2023, 4:06 p.m. Published Oct 6, 2021, 2:41 p.m.
Make us preferred on Google
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.
Read more: Rob Gronkowski Follows Tom Brady Into Crypto in Ambassador’s Role With Voyager Digital
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
Tether invests in LayerZero Labs as it doubles down on cross-chain tech, agentic finance
LayerZero’s Omnichain infrastructure (OFT) enables liquid stablecoin use across networks and “agentic finance” use cases.
What to know:
- Tether Investments backed LayerZero Labs to support LayerZero’s cross-chain protocol powering USDt0.
- LayerZero’s Omnichain infrastructure (OFT) enables liquid stablecoin use across networks and “agentic finance” use cases.
- Financial terms weren’t disclosed. LayerZero’s ZRO briefly rose while the broader crypto market stalled, but has since entered a downtrend as a selloff reignited.
Top Stories
