Direct Digital Holdings reports FY23 revenue up 76% to $157.1M, net income $2.0M; guides FY24 revenue $170-190M

Direct Digital Holdings, Inc.

Full-year 2023 revenue $157.1M (76% YoY increase); net income $2.0M; adjusted EBITDA $11.3M (up 11% YoY).
Q4 average monthly impressions 400B (+201% YoY); bid requests ~1 trillion; monthly bid responses 83B (+367% YoY).
Q4 performance below expectations due to proactive measures; FY2024 revenue guidance set at $170M-$190M.
Sell-side revenue per advertiser up 185% in Q4 compared to same period in 2022.

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 0.9

Direct Digital Holdings, Inc. updated its fiscal year ended December 31, 2023 guidance (raised).

Period: fiscal year ended December 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On March 26, 2024, Direct Digital Holdings, Inc. issued a press release announcing its financial results for the fiscal year ended December 31, 2023.

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Direct Digital Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-039005

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