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. (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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Direct Digital Holdings (Nasdaq: DRCT) reported a 129% increase in revenue to $59.5 million for Q3 2023, raising full-year 2023 revenue guidance to $170 million - $190 million. The company's strategic investments and partnerships, as well as market dynamics, have contributed to impressive growth and a positive impact on net income and adjusted EBITDA. Financial highlights include a 129% increase in revenue, with a $33.5 million increase over the same period in 2022, and a 144% year-over-year increase in consolidated operating income.
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Direct Digital Holdings, Inc. (Nasdaq: DRCT) will participate in the ROTH MKM 12th Annual New York Technology Conference on November 15, 2023. The conference will provide investors with the opportunity to meet the management team of Direct Digital Holdings.
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Direct Digital Holdings, Inc. has completed the redemption of its outstanding warrants to purchase shares of the Company's Class A Common Stock. The redemption price was $0.35 per Warrant. The Warrants were delisted from Nasdaq after the redemption.
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Direct Digital Holdings partners with Basis Technologies to increase programmatic reach of multicultural media inventory and serve SMB advertisers.
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Direct Digital Holdings to report Q3 financial results on November 9, 2023
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Direct Digital Holdings appoints Diana Diaz as permanent Chief Financial Officer
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Direct Digital Holdings partners with Hewlett Packard Enterprise and Ad-Tech Holding Group, with Green Tea Technology providing installation and support services.
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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 $1.06 as of February 21, 2025.
What is the market cap of Direct Digital Holdings (DRCT)?
The market cap of Direct Digital Holdings (DRCT) is approximately 19.4M.
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
19.40M
16.54M
16.91%
7.51%
0.82%
Advertising Agencies
Services-advertising
United States
HOUSTON