---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-016705"
form_type: "8-K"
ticker: null
cik: "0001725134"
company_name: "Digital Media Solutions, Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:06:55.376296+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DMS reports FY 2023 revenue $334.9M, net loss $122.7M; secures $22M financing, strategic review

## Summary
- FY 2023 net revenue $334.9M, down 14.4% YoY; net loss $122.7M vs $52.5M.
- Q4 2023 net revenue $86.1M; gross margin 27.8%, Variable Marketing Margin 31.2%.
- FY 2023 Adjusted EBITDA $9.9M vs $25.7M; EPS $(31.96) vs $(12.38).
- Secured $22M in new financing from existing lenders on April 17, 2024.
- Board initiated strategic alternatives review, may include sale; Houlihan Lokey retained.

## SEC filing metadata
- accession: 0001628280-24-016705
- form_type: 8-K
- cik: 0001725134
- company_name: Digital Media Solutions, Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725134/000162828024016705/0001628280-24-016705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725134/000162828024016705/dms-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-016705
- JSON: https://secwatch.observer/filing/0001628280-24-016705.json
- Plain text: https://secwatch.observer/filing/0001628280-24-016705.txt

## Key facts
- Earnings Releases
  Digital Media Solutions, Inc. reported the full year ended December 31, 2023 results: revenue $334.9 million, net income Net loss of $122.7 million, EPS $(31.96).
  - Period: the full year ended December 31, 2023
  - Revenue: $334.9 million
  - Net income: Net loss of $122.7 million
  - EPS: $(31.96)
  - Result: reported results
  source text: Announces Fourth Quarter And Full Year 2023 Financial Results • Fourth-quarter net revenue of $86.1 million • Full year 2023 revenue of $334.9 million • Fourth-quarter gross margin of 27.8% and Variable Marketing Margin (VMM) of 31.2% 1 • Full year gross margin of 24.7% and VMM of 28.9% • Receives $22 million in new financing from existing lenders • Initiates review of potential strategic alternatives to maximize value Clearwater, Fla.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725134/000162828024016705/0001628280-24-016705-index.htm
- Earnings Releases
  Digital Media Solutions, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $86.1 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $86.1 million
  - Result: reported results
  source text: in such a filing. --- EX-99.1 (EX-99.1) --- Digital Media Solutions, Inc. Announces Fourth Quarter And Full Year 2023 Financial Results • Fourth-quarter net revenue of $86.1 million • Full year 2023 revenue of $334.9 million • Fourth-quarter gross margin of 27.8% and Variable Marketing Margin (VMM) of 31.2% 1 • Full year gross margin of 24.7% and VMM of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725134/000162828024016705/0001628280-24-016705-index.htm

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