Direct Digital Holdings Q3 revenue up 211% to $26.0M; raises FY2022 guidance to $85M-$90M

Direct Digital Holdings, Inc.

2022-Q3 EPS reported $0.23 revenue$58,617,020

Revenue $26.0M (up 211% YoY); net income $0.8M ($0.06 per share) vs loss $0.2M in Q3 2021.
Sell-side segment (Colossus SSP) revenue $18.9M, up 710% YoY; buy-side segment $7.1M, up 18%.
Adjusted EBITDA $2.4M, up 128%; operating income $1.8M, up 225%.
Raised FY2022 revenue guidance to $85M-$90M from prior $70M-$75M (approx 20% increase).
Processed ~125B monthly impressions, up 56% YoY; over 1.3T bid requests in the quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Direct Digital Holdings, Inc. reported third quarter ended September 30, 2022 results: revenue $26.0 million, net income $0.8 million, EPS $0.06 per share. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: $26.0 million
Net income: $0.8 million
EPS: $0.06 per share
Guidance: raised
Result: reported results

Exact text from the filing

Direct Digital Holdings Reports Third Quarter 2022 Financial Results Third Quarter 2022 Revenue Up 211% Year-Over-Year to $26.0 Million Third Quarter Net Income Up Year-Over-Year to $0.8 Million, or $0.06 per Share Company Raises Revenue Guidance to $85 Million-$90 Million for Full-Year 2022

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Source: SEC EDGAR

accession 0001104659-22-116798

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