secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001628280-25-022684
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Direct Digital Holdings Q1 revenue $8.2M (-63% YoY), net loss $5.9M; maintains FY guidance $90-110M
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- Revenue of $8.2M declined 63% vs $22.3M in Q1 2024; sell-side segment down 88% to $2.0M.
- Net loss widened to $5.9M from $3.8M; operating loss $3.9M; adjusted EBITDA loss $3.0M.
- Buy-side revenue up 6% to $6.1M; operating expenses cut 19% to $6.3M, partly from cost-saving measures.
- Maintains full-year 2025 revenue guidance of $90M-$110M, expecting sell-side recovery in H2.
- Cash and equivalents $1.8M as of Mar 31, 2025, up from $1.4M at Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000162828025022684/0001628280-25-022684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000162828025022684/drct-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-022684

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