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Direct Digital Holdings Inc - DRCT STOCK NEWS

Welcome to our dedicated news page for Direct Digital Holdings (Ticker: DRCT), a resource for investors and traders seeking the latest updates and insights on Direct Digital Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Direct Digital Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Direct Digital Holdings's position in the market.

News
Direct Digital Holdings Announces Receipt of Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.96%
Tags
none
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News
81% of Gen Zers Say Multicultural/Diverse Communities Greatly Shape Brand Preferences, According to Direct Digital Holdings' Research
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.41%
Tags
none
-
News
Direct Digital Holdings Reports Q4 & Full-Year 2023 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-39.49%
Tags
earnings
News
Direct Digital Holdings Announces Rescheduling of Fourth Quarter and FY 2023 Financial Results Release and Conference Call
Rhea-AI Summary
Direct Digital Holdings, Inc. (Nasdaq: DRCT) postpones earnings call to March 26, 2024, to complete financial audit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.41%
Tags
earnings
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News
Direct Digital Holdings to Report Fourth Quarter & Full Year 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.78%
Tags
conferences earnings
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News
Direct Digital Holdings Partners with FreeWheel
Rhea-AI Summary
Direct Digital Holdings, Inc. partners with FreeWheel to enhance connections to demand for advertisers on CTV, expanding access to premium inventory and diverse audiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
partnership
News
SHE Media Launches Strategic Partnership with Direct Digital Holdings' Colossus SSP to Increase Advertiser Access to a Powerful Female Audience
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.46%
Tags
partnership
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News
Direct Digital Holdings to Participate in the 2024 ICR Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.66%
Tags
conferences
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News
Direct Digital Holdings to Participate in the Noble Capital Markets 19th Annual Emerging Growth Equity Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
Tags
conferences acquisition
News
Direct Digital Holdings Ranked Number 108th Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.51%
Tags
none
Stock DRCT logo
Direct Digital Holdings Inc

Nasdaq:DRCT

DRCT Rankings

#4431 Ranked by Market Cap
#2718 Ranked by Stock Gains
N/A Ranked by Dividends

DRCT Stock Data

135.29M
3.02M
12.84%
16.51%
2.01%
Advertising Agencies
Communication Services
Link
United States
Houston

About DRCT

direct digital holdings brings state-of-the-art supply- and demand-side advertising platforms together under one umbrella company. our mission is two-fold: we deliver significant roi for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare and travel to financial services. we also offer advertisers of all sizes unparalleled reach within general market and multicultural media properties. the company delivers unique insights and access to a cross-section of audiences who value brands supporting their community and diverse content. direct digital holdings' sell- and buy-side solutions manage 17,500 clients daily, generating over 60 billion impressions per month across display, ctv, in-app, and other media channels.