NASDAQ$DRCT

Direct Digital Holdings In-A · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported strong topline growth in both sell- and buy-side businesses during a seasonally slower quarter, with overall revenue up 87% year-over-year.

Direct Digital Holdings reported an 87% year-over-year increase in revenue for Q1 2023, reaching $21.2 million. The company saw strong topline growth across both its sell- and buy-side businesses.

  • First quarter revenue increased by 87% year-over-year, reaching $21.2 million.
  • The growth was driven by both sell- and buy-side businesses.
  • Company reaffirmed its financial outlook, assuming no major deterioration in the U.S. economy.
  • Direct Digital Holdings believes it is well-positioned for the remainder of the year.

Headline financials

Total Revenue

$21.2M

Previous: $11.4M+86.7%
EPS (adj)

-$0.09

Previous: -$0.09+0.0%
Free Cash Flow

-$1.33M

Previous: -$672K-98.6%
Net Income

-$1.33M

Previous: -$672K-98.6%
Operating Income

-$141K

Previous: $585K-124.2%
Gross Profit

$6.43M

Previous: $4.78M+34.6%
Cash & Equivalents

$6.72M

Previous: $4.41M+52.5%
Total Assets

$53.2M

Previous: $35.7M+49.0%
Stock-Based Comp

$94K

No prior period

Revenue & EPS history

Direct Digital · Revenue · Quarterly

$21.2M

Q1 2023+86.7%vs Q1 2022
Beat estimate in 5 of 12 quarters(42%)
ActualEstimate

Revenue by segment

Direct Digital · $6.68M total across 1 segment · Q1 2026

  • Digital Advertising
    $6.68M

Forward guidance

Direct Digital Holdings reaffirmed its revenue estimate, assuming the U.S. economy does not experience any major economic conditions that deteriorate or otherwise significantly reduce advertiser demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-8.7%

Avg return

Earnings day

-8.8%

Avg return

5 days after

-7.4%

Avg return

30 days after

19%

4 / 21 earnings

Positive

+60.3%

Q3 2023

Best reaction

-45.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-5.4%+13.5%
Q1 2026-2.9%-14.0%-28.0%
Q3 2025-32.4%-37.1%-67.6%
Q2 2025-21.5%-30.1%-26.9%
Q1 2025-23.6%-32.5%-37.3%
Q4 2024-45.1%-50.7%-49.4%
Q3 2024-28.6%-40.1%-70.1%
Q1 2024-23.3%-18.3%-46.5%
Q2 2024-23.3%-18.3%-46.5%
Q4 2023-44.6%-47.4%-78.9%
Q3 2023+60.3%+95.6%+387.7%
Q2 2023-0.4%+8.7%-8.5%
Q1 2023-3.0%+28.3%+9.4%
Q4 2022-17.2%-27.8%-26.7%
Q3 2021-2.0%-13.5%-18.5%
Q3 2022+34.7%+32.1%+12.4%
Q2 2021+1.3%-1.3%+1.0%
Q2 2022+19.6%+21.2%+30.6%
Q1 2021-11.0%-19.5%-30.0%
Q4 2021-11.0%-19.5%-30.0%
Q1 2022-3.8%-14.4%-23.6%

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