Direct Digital Holdings Q2 revenue up 67% to $35.4M; raises FY2023 revenue guidance to $125-130M

Direct Digital Holdings, Inc.

2023-Q2 EPS reported -$0.01 revenue$56,626,710

Revenue $35.4M, up 67% YoY; sell-side segment revenue $23.6M (+98%), buy-side $11.8M (+27%).
Net income $1.2M vs $2.6M YoY; adjusted EBITDA $3.1M vs $3.6M.
Raised FY2023 revenue guidance to $125-130M (43% YoY growth at midpoint).
Sell-side processed ~300B monthly impressions (+205% YoY); 11.2B bid responses (+70%).
Buy-side customers 227 (-7%) but revenue per customer $52K (+36%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Direct Digital Holdings, Inc. reported the three months ended June 30, 2023 results: revenue $35.4 million, net income $1.2 million. Guidance raised.

Period: the three months ended June 30, 2023
Revenue: $35.4 million
Net income: $1.2 million
Guidance: raised
Result: reported results

Exact text from the filing

2 tm2323301d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Direct Digital Holdings Reports Second Quarter 2023 Financial Results Second Quarter 2023 Revenue Up 67% Year-Over-Year to $35.4 Million Company Raises Full-Year 2023 Revenue Guidance Due to Strong Q2 Results Houston, August 10, 2023 -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Direct Digital Holdings, Inc. updated its fiscal year 2023 guidance (raised).

Period: fiscal year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

For fiscal year 2023, we expect revenue to be in the range of $125 million to $130 million, or 43% year-over-year growth at the mid-point.

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Direct Digital Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-089782

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