Direct Digital Holdings Q4 revenue $9.1M (-78% YoY); reiterates FY2025 guidance $90M-$110M

Direct Digital Holdings, Inc.

Q4 2024 revenue $9.1M, down 78% YoY; sell-side revenue $2.7M (-92%) due to customer suspension after defamatory article.
Net loss $6.6M vs $10.1M prior year; Adjusted EBITDA loss $3.4M, improved from $6.6M loss.
Full-year revenue $62.3M; reiterates FY2025 guidance $90M-$110M with expected H2 strength.
Litigation: defamation lawsuit allowed to proceed; company expects continued pursuit of judgment.
Cash $1.4M at year-end; $20M Equity Reserve Facility from Oct 2024 enhances financial flexibility.

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