---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-059100"
form_type: "8-K"
ticker: "DRCT"
cik: "0001880613"
company_name: "Direct Digital Holdings, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:58:02.778037+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001104659-23-059100
- form_type: 8-K
- ticker: DRCT
- cik: 0001880613
- company_name: Direct Digital Holdings, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1880613/000110465923059100/0001104659-23-059100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000110465923059100/tm2315267d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-059100
- JSON: https://secwatch.observer/filing/0001104659-23-059100.json
- Plain text: https://secwatch.observer/filing/0001104659-23-059100.txt

## Key facts
- Earnings Releases
  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
  source text: Direct Digital Holdings Reports First Quarter 2023 Financial Results First Quarter 2023 Revenue Up 87% Year-Over-Year to $21.2 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465923059100/0001104659-23-059100-index.htm

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