---
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"
generated_at: "2026-06-17T19:29:34.428894+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Direct Digital corrects FY2022 EPS to $0.23; revenue up 131% to $88M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-036111
- JSON: https://secwatch.observer/filing/0001104659-23-036111.json
- Plain text: https://secwatch.observer/filing/0001104659-23-036111.txt

## Key facts
- Earnings Releases
  Direct Digital Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $29.4 million, net income $0.2 million. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $29.4 million
  - Net income: $0.2 million
  - Guidance: initiated
  - 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/1880613/000110465923036111/0001104659-23-036111-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, EPS $0.23. Guidance initiated.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $88.0 million
  - Net income: $2.9 million
  - EPS: $0.23
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465923036111/0001104659-23-036111-index.htm

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