secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001104659-22-116798
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000110465922116798/0001104659-22-116798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000110465922116798/tm2230192d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-116798

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer