Welcome to our dedicated page for Direct Digital Holdings news (Ticker: DRCT), a resource for investors and traders seeking the latest updates and insights on Direct Digital Holdings stock.
Direct Digital Holdings, Inc. (NASDAQ: DRCT) is a leading force in the advertising technology landscape, offering comprehensive programmatic advertising solutions that bridge the gap between the supply and demand sides of the marketplace. The company operates through its robust subsidiaries, Colossus Media, LLC (Colossus SSP), Huddled Masses LLC, and Orange142, LLC, delivering unmatched reach and data-optimized programmatic solutions at scale across various industries including energy, healthcare, travel, and financial services.
Direct Digital Holdings' mission is twofold: to provide significant ROI for middle market advertisers and offer unparalleled reach within general market and multicultural media properties. The company's end-to-end platform manages an impressive 125,000 clients monthly, generating over 300 billion impressions per month across display, CTV, in-app, and other media channels.
- Sell-Side Platform: Colossus SSP enables advertisers to access a wide array of general market and multicultural media properties, ensuring extensive reach and engagement with diverse audiences.
- Buy-Side Solutions: Huddled Masses and Orange142 specialize in optimizing programmatic advertising campaigns through data-driven strategies, helping clients achieve their marketing objectives efficiently.
Recent Achievements:
- Financial Growth: In Q3 2023, Direct Digital Holdings reported significant investments in its technology stack, which have begun to deliver results ahead of schedule. This has led to increased customer demand, higher impression counts, and improved net income and adjusted EBITDA.
- Strategic Partnerships: The company has secured key partnerships, including a notable collaboration with SHE Media to enhance programmatic advertising reach and efficiency.
- Advancements in Technology: Continuous upgrades to the company's technology platform have propelled its ability to meet the evolving needs of the digital advertising market, positioning it as a leader in the industry.
Financial Stability: Direct Digital Holdings has demonstrated strong financial performance, with Q3 2023 seeing a 101% increase in revenue guidance compared to full-year 2022 results. The company's strategic investments and favorable market conditions are expected to sustain its growth trajectory.
Market Position: With a commitment to supporting diverse and underserved markets, Direct Digital Holdings has carved a niche in the digital advertising space. Its focus on programmatic solutions and extensive client base underscores its capability to drive meaningful engagement and ROI for its clients.
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Direct Digital Holdings, Inc. received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to a delay in filing its Annual Report. The company has until June 16, 2024, to submit a plan to regain compliance, with a possible extension until October 14, 2024. The non-compliance does not impact the trading of the company's securities on Nasdaq. The company is working to complete the audit and file the Annual Report to meet the requirements.
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Direct Digital Holdings, Inc. releases a whitepaper highlighting the significant influence of multicultural and diverse consumers, especially Gen Z, on mainstream brand choices. The report reveals that 57% of the general population is influenced by these communities, emphasizing the need for brands to connect authentically for broader sales.
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Direct Digital Holdings, Inc. reports a significant 76% year-over-year revenue growth in 2023, reaching $157.1 million, with a net income of $2.0 million. The company's adjusted EBITDA increased by 11% to $11.3 million. Full-year 2024 revenue guidance stands at $170 million – $190 million. Despite a slightly weaker fourth quarter performance due to industry trends, the company aims to capitalize on the successes of 2023 and expand further in 2024.
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Direct Digital Holdings, Inc. (Nasdaq: DRCT) postpones earnings call to March 26, 2024, to complete financial audit.
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Direct Digital Holdings, Inc. (DRCT) will report financial results for Q4 and fiscal year 2023 on March 21, 2024. The management will host a conference call to discuss the results.
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Direct Digital Holdings, Inc. partners with FreeWheel to enhance connections to demand for advertisers on CTV, expanding access to premium inventory and diverse audiences.
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Direct Digital Holdings partners with SHE Media to enhance inclusivity in advertising through Colossus SSP, targeting women-owned and diverse-owned properties. Colossus SSP will serve as a programmatic exchange sell-side partner for SHE Media's flagship brands, reaching 74+ million users per month.
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Direct Digital Holdings, Inc. (Nasdaq: DRCT) announced its participation in the 2024 ICR Conference. Mark D. Walker, Chairman and CEO, will join a fireside chat on January 9, 2024, at 8:00 AM ET, and management will be available for meetings the same day.
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Direct Digital Holdings, Inc. (Nasdaq: DRCT) Announces Participation in Noble Capital Markets 19th Annual Emerging Growth Equity Conference. The company's management will engage in one-on-one and small group meetings with investors at the event, offering the opportunity to interact with the leadership team. Contact Noble representative for more information.
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Direct Digital Holdings, Inc. (Nasdaq: DRCT) ranked 108th on the Deloitte Technology Fast 500™, with 1,325% growth. The company attributes its significant growth to market dynamics and reported third quarter earnings showing substantial revenue increases. Its subsidiaries, Colossus SSP, Huddled Masses, and Orange142, contribute to the company's advancement by providing diverse advertising and marketing solutions to a wide range of audiences and businesses.
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FAQ
What is the current stock price of Direct Digital Holdings (DRCT)?
The current stock price of Direct Digital Holdings (DRCT) is $2.41 as of November 4, 2024.
What is the market cap of Direct Digital Holdings (DRCT)?
The market cap of Direct Digital Holdings (DRCT) is approximately 37.7M.
What is Direct Digital Holdings, Inc.?
Direct Digital Holdings, Inc. (NASDAQ: DRCT) is a programmatic advertising technology company that offers comprehensive solutions for both the supply and demand sides of the advertising marketplace.
What are the main subsidiaries of Direct Digital Holdings?
The main subsidiaries of Direct Digital Holdings are Colossus Media, LLC (Colossus SSP), Huddled Masses LLC, and Orange142, LLC.
What industries does Direct Digital Holdings serve?
Direct Digital Holdings serves various industries including energy, healthcare, travel, and financial services, providing data-optimized programmatic advertising solutions.
How many clients does Direct Digital Holdings manage?
Direct Digital Holdings manages an average of 125,000 clients monthly, generating over 300 billion impressions per month.
What recent achievements has Direct Digital Holdings made?
Recent achievements include significant financial growth, strategic partnerships like the one with SHE Media, and advancements in their technology platform.
What is the mission of Direct Digital Holdings?
The mission of Direct Digital Holdings is to deliver significant ROI for middle market advertisers and offer unparalleled reach within general market and multicultural media properties.
Where can I find financial information about Direct Digital Holdings?
Financial information about Direct Digital Holdings can be accessed through their investor relations website and their SEC filings.
How does Direct Digital Holdings support diverse markets?
Direct Digital Holdings supports diverse markets by offering extensive reach to multicultural media properties and focusing on underserved and less efficient markets.
What is the significance of Colossus SSP?
Colossus SSP is the company's sell-side platform that offers extensive reach within general market and multicultural media properties, enabling advertisers to connect with diverse audiences.
What are the future growth prospects for Direct Digital Holdings?
Direct Digital Holdings expects to continue its growth through ongoing technological advancements, strategic partnerships, and favorable market conditions.
Direct Digital Holdings, Inc.
Nasdaq:DRCT
DRCT Rankings
DRCT Stock Data
37.70M
3.80M
16.91%
8.09%
0.76%
Advertising Agencies
Services-advertising
United States of America
HOUSTON