Voyager Digital preliminary revenue doubles to $165M in Q2

Voyager Digital's (OTCQX:VYGVF) preliminary revenue of $165M in fiscal Q2 2022 jumps from $81.5M in Q1 and just $3.6M in Q2 2020. Total revenue for 2021 is estimated to exceed $415M, compared with just $6.6M in 2020. Verified users of 3.2M in Q2 rises from 2.15M in Q1 and 159K in Q2 2020. Funded accounts were ~1.1M in Q2, up from 860K in Q1 and 43K in Q2 2020. Net new deposits of approximately $1.04B in Q2 increases from $827M in Q1. Looking forward, "we expect to continue to grow our team in 2022 as we expand into NFT's, the Metaverse, and our own custody solution," said Voyager Digital Co-Founder and CEO Steve Ehrlich. Meanwhile, shares of VYGVF gain 0.7% in pre-market trading. Previously, (Nov. 16) Voyager Digital's Q1 reflected revenue and platform user growth.