---
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"
generated_at: "2026-06-11T19:27:50.227514+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1880613/000110465923089782/0001104659-23-089782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000110465923089782/tm2323301d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-089782
- JSON: https://secwatch.observer/filing/0001104659-23-089782.json
- Plain text: https://secwatch.observer/filing/0001104659-23-089782.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465923089782/0001104659-23-089782-index.htm
- Earnings Releases
  Direct Digital Holdings, Inc. updated its fiscal year 2023 guidance (raised).
  - Period: fiscal year 2023
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465923089782/0001104659-23-089782-index.htm

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