Direct Digital Q3 revenue $59.5M (+129% YoY); raises FY2023 guidance to $170M-$190M

Direct Digital Holdings, Inc.

2023-Q3 EPS reported $0.22 revenue$116,098,834

Q3 revenue $59.5M, up 129% YoY from $26.0M; net income $3.4M vs $0.8M YoY (up 313%).
Sell-side segment revenue $51.6M (+174% YoY); buy-side $7.9M (+10% YoY).
Adjusted EBITDA $5.4M, up 123% YoY from $2.4M.
Raised FY2023 revenue guidance to $170M-$190M (midpoint $180M, 101% YoY growth).
Over 400B monthly impressions in sell-side (+220% YoY); 34B monthly bid responses (+210%).

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 0.95

Direct Digital Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue Revenue was $59.5 million, net income Net income was $3.4 million. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: Revenue was $59.5 million
Net income: Net income was $3.4 million
Guidance: raised
Result: reported results

Exact text from the filing

Direct Digital Holdings Reports Third Quarter 2023 Financial Results Third Quarter 2023 Revenue Up 129% Year-Over-Year to $59.5 Million Company Raises Full-Year 2023 Revenue Guidance to $170 Million - $190 Million

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Direct Digital Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-116268

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