{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-089782","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.980458+00:00","generated_at":"2026-06-11T19:27:50.227514+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Direct Digital Holdings Q2 revenue up 67% to $35.4M; raises FY2023 revenue guidance to $125-130M","bullets":["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%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-089782","json":"https://secwatch.observer/filing/0001104659-23-089782.json","markdown":"https://secwatch.observer/filing/0001104659-23-089782.md","text":"https://secwatch.observer/filing/0001104659-23-089782.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923089782/0001104659-23-089782-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923089782/tm2323301d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T19:27:50.227514+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":"57ee5a5bc437aed01bb9a08dc6c7dd9f169767b6","claim":"Direct Digital Holdings, Inc. reported the three months ended June 30, 2023 results: revenue $35.4 million, net income $1.2 million. Guidance raised.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923089782/0001104659-23-089782-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Revenue","value":"$35.4 million"},{"label":"Net income","value":"$1.2 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"eb591b0385e3cf5871252b538b1e3d6d6f813565","claim":"Direct Digital Holdings, Inc. updated its fiscal year 2023 guidance (raised).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923089782/0001104659-23-089782-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}