---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-035874"
form_type: "8-K"
ticker: "DRCT"
cik: "0001880613"
company_name: "Direct Digital Holdings, Inc."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T19:30:10.971603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-035874
- form_type: 8-K
- ticker: DRCT
- cik: 0001880613
- company_name: Direct Digital Holdings, Inc.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/tm2310270d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-035874
- JSON: https://secwatch.observer/filing/0001104659-23-035874.json
- Plain text: https://secwatch.observer/filing/0001104659-23-035874.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.