Direct Digital Holdings Q1 revenue up 87% to $21.2M; net loss widens to $1.3M

Direct Digital Holdings, Inc.

2023-Q1 EPS reported -$0.09 revenue$21,222,910

Revenue $21.2M (+87% YoY); sell-side $13.8M (+149%), buy-side $7.4M (+28%).
Net loss ($1.3M) vs ($0.7M) prior year; includes $0.8M one-time expenses (SVB credit facility termination, HPE transition).
Adjusted EBITDA $0.5M vs $1.1M prior year; operating loss ($0.1M) vs income $0.6M.
Monthly impressions 207B (+130%), bid responses 6B (+81%), advertisers 153K (+121%).
FY2023 revenue guidance reaffirmed: $118M-$122M (36% YoY growth at midpoint).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Direct Digital Holdings, Inc. reported three months ended March 31, 2023 results: revenue $21.2 million, net income ($1.3) million. Guidance reaffirmed.

Period: three months ended March 31, 2023
Revenue: $21.2 million
Net income: ($1.3) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Direct Digital Holdings Reports First Quarter 2023 Financial Results First Quarter 2023 Revenue Up 87% Year-Over-Year to $21.2 Million

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Source: SEC EDGAR

accession 0001104659-23-059100

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