Direct Digital Holdings reports FY2022 revenue $88.0M, up 131% YoY; guides FY2023 revenue $118-122M

Direct Digital Holdings, Inc.

Q4 revenue $29.4M (+128% YoY); full-year revenue $88.0M (+131% YoY).
Net income $2.9M vs net loss $1.5M in 2021; adjusted EBITDA $8.8M vs $6.4M.
Sell-side segment revenue $58.7M (389% growth); buy-side $29.3M (12% growth).
FY2023 revenue guidance $118M-$122M (36% YoY growth at midpoint).
Terminated planned SVB credit facility; cash & AR $29.1M as of Dec 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Direct Digital Holdings, Inc. reported fiscal year 2023 results: revenue $118 million to $122 million. Guidance initiated.

Period: fiscal year 2023
Revenue: $118 million to $122 million
Guidance: initiated
Result: guidance update

Exact text from the filing

For fiscal year 2023, we expect revenue to be in the range of $118 million to $122 million, or 36% year-over-year growth at the mid-point.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Direct Digital Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $88.0 million, net income $2.9 million.

Period: the fiscal year ended December 31, 2022
Revenue: $88.0 million
Net income: $2.9 million
Result: reported results

Exact text from the filing

Revenue in fiscal year 2022 was $88.0 million, an increase of $49.9 million, or 131%, over the $38.1 million in fiscal year 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Direct Digital Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $29.4 million, net income $0.2 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $29.4 million
Net income: $0.2 million
Result: reported results

Exact text from the filing

Revenue was $29.4 million in the fourth quarter of 2022, an increase of $16.5 million, or 128% over the $12.9 million in the same period of 2021.

View on SEC.gov

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Direct Digital Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-035874

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