Direct Digital Q2 revenue down 23% to $7.8M; net loss narrows to $3.6M

Direct Digital Holdings, Inc.

Q2 revenue $7.8M vs $10.1M YoY; DSP customer spending fell $2.5M; ex-DSP revenue up 3%.
Q2 net loss $3.6M vs $4.2M loss; Adjusted EBITDA loss $2.3M vs $1.5M loss.
H1 revenue $14.5M, down 21% YoY; ex-DSP revenue grew 5%; cash $0.5M at June 30.
CEO cites strong interest in AI search, GEO offerings and AI web services.
Operating loss widened to $2.9M from $2.4M; gross margin stable at 34%.

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