{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-039005","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.219390+00:00","generated_at":"2026-06-04T08:06:08.750022+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Direct Digital Holdings reports FY23 revenue up 76% to $157.1M, net income $2.0M; guides FY24 revenue $170-190M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-039005","json":"https://secwatch.observer/filing/0001104659-24-039005.json","markdown":"https://secwatch.observer/filing/0001104659-24-039005.md","text":"https://secwatch.observer/filing/0001104659-24-039005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000110465924039005/0001104659-24-039005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000110465924039005/tm249713d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:06:08.750022+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":"27a643942c56b305e56b2dfd411c18f659dec003","claim":"Direct Digital Holdings, Inc. updated its fiscal year ended December 31, 2023 guidance (raised).","evidence_excerpt":"On March 26, 2024, Direct Digital Holdings, Inc. issued a press release announcing its financial results for the fiscal year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465924039005/0001104659-24-039005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}