Voyager Digital Posts 70% YoY Jump in Revenue for Q3 FY22

Voyager Digital Ltd., one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced revenue and user metrics for the fiscal 2022 third quarter ended March 31, 2022.

According to the company, its revenue for the quarter is $102.7 million, up 70% compared to $60.4 million for the quarter ended March 31, 2021. Voyager Digital's operating loss is $43.0 million for the quarter, compared with an income of $29.8 million for the quarter ended March 31, 2021.

For this quarter, total verified users on the platform stand at 3.5 million, up 9% from 3.2 million at the quarter ended December 31, 2021. Total funded accounts reached 1,190,000 as of March 31, 2022, up 11% from 1,074,000 at the quarter ended December 31, 2021.

"We performed strongly amidst the challenging macroeconomic and lower trading volumes seen across our industry,"said Steve Ehrlich, CEO and Co-founder of Voyager."Despite market conditions, we continued to deliver customer account and net deposit growth, while continuing to build upon our revenue diversification strategy."

"We strongly believe we are in the early stages of global crypto adoption. Voyager remains very well capitalized to strategically grow our business and serve consumers amidst a rapidly evolving crypto landscape,"Ehrlich added.