NASDAQ$DRCT
Direct Digital Holdings In-A · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported strong growth in both buy- and sell-side businesses, with a shift in media spend from traditional to digital and an increase in media spend targeted at the middle market.
Direct Digital Holdings reported a 67% year-over-year increase in revenue to $35.4 million for the second quarter of 2023. The company raised its full-year 2023 revenue guidance due to these strong Q2 results.
- Reported substantial growth in both buy- and sell-side businesses.
- Observed a shift in media spend from traditional to digital.
- Experienced an increase in media spend targeted at the middle market.
- Strategic investments across the platform are yielding positive results.
Headline financials
Revenue & EPS history
Direct Digital · Revenue · Quarterly
$35.4M
Revenue by segment
Direct Digital · $6.68M total across 1 segment · Q1 2026
- Digital Advertising$6.68M—100.0%
Forward guidance
Assuming no major economic conditions deteriorate or significantly reduce advertiser demand, the company is increasing its previously issued estimate as disclosed in its Q1 2023 update.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
-8.7%
Avg return
Earnings day
-9.4%
Avg return
5 days after
-4.5%
Avg return
30 days after
19%
4 / 21 earnings
Positive
+60.3%
Q3 2023
Best reaction
-45.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | -14.0% | — | |
| Q4 2025 | -5.4% | +1.3% | +29.4% | |
| 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% | |
| Q2 2024 | -23.3% | -18.3% | -46.5% | |
| Q1 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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