{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-036111","form_type":"8-K/A","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.323538+00:00","generated_at":"2026-06-17T19:29:34.428894+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Direct Digital corrects FY2022 EPS to $0.23; revenue up 131% to $88M","bullets":["Corrected net income per basic/diluted share to $0.23 from $0.17; weighted-average shares 12,637,551 vs 16,896,360.","Full-year 2022 revenue $88.0M, up 131% YoY; Q4 revenue $29.4M, up 128% YoY.","FY2022 net income $2.9M vs loss of $1.5M in 2021; Adjusted EBITDA $8.8M vs $6.4M.","Sell-side advertising revenue $58.7M (+389% YoY); buy-side $29.3M (+12% YoY).","FY2023 revenue guidance $118M-$122M, 36% growth at midpoint."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-036111","json":"https://secwatch.observer/filing/0001104659-23-036111.json","markdown":"https://secwatch.observer/filing/0001104659-23-036111.md","text":"https://secwatch.observer/filing/0001104659-23-036111.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923036111/0001104659-23-036111-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923036111/tm2310406d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T19:29:34.428894+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a747f11cb175a8bae156b54dccdf7e3f159686ad","claim":"Direct Digital Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $29.4 million, net income $0.2 million. Guidance initiated.","evidence_excerpt":"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_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923036111/0001104659-23-036111-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$29.4 million"},{"label":"Net income","value":"$0.2 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c6970b70f259f3069a15b21612e6eefbdeff0990","claim":"Direct Digital Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $88.0 million, net income $2.9 million, EPS $0.23. Guidance initiated.","evidence_excerpt":"release follows: Correction: Direct Digital Holdings Reports Fourth Quarter & Full-Year 2022 Financial Results Full-Year 2022 Revenue Up 131% Year-Over-Year to $88.0 Million Fourth Quarter 2022 Revenue Up 128% to $29.4 Million Houston, March 23, 2023 -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) (\"Direct Digital Holdings\" or the \"Company\"), a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923036111/0001104659-23-036111-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$88.0 million"},{"label":"Net income","value":"$2.9 million"},{"label":"EPS","value":"$0.23"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}