NASDAQ$DRCT
Direct Digital Holdings In-A · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported third quarter 2023 financial results with revenue up 129% year-over-year.
Direct Digital Holdings reported strong third quarter 2023 results, with revenue increasing by 129% year-over-year to $59.5 million. The company raised its full-year 2023 revenue guidance to $170 million - $190 million.
- Revenue increased by 129% year-over-year reaching $59.5 million.
- Investments in technology stack, advertising platform, and operational structure are yielding earlier than expected benefits.
- Increased spend from buying partners has led to a rise in impression count and organic growth.
- Company raised full-year 2023 revenue guidance to $170 million - $190 million.
Headline financials
Revenue & EPS history
Direct Digital · Revenue · Quarterly
$59.5M
Revenue by segment
Direct Digital · $6.68M total across 1 segment · Q1 2026
- Digital Advertising$6.68M—100.0%
Forward guidance
The company is increasing its previously issued estimate as disclosed in its second quarter 2023 update and now expects fiscal year 2023 revenue guidance to $180 million at the midpoint, a 101% increase over full-year 2022 results, assuming the U.S. economy does not experience any major economic conditions that deteriorate or otherwise significantly reduce advertiser demand.
Tailwinds
- Reflects belief in ability to execute on various growth strategies
- Demonstrates the strength of operating leverage
- Highlights the favorable market trends that are expected to continue for the remainder of this year
- Strategic investments and partnerships
- Differentiated approach to advertising solutions
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 Q3 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
| Quarter | Report date | Reaction (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% |
Discussion
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