Direct Digital Holdings Ranked Number 101 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™

Rhea-AI Summary

Direct Digital Holdings (DRCT) has been ranked #101 on the 2024 Deloitte Technology Fast 500™, marking its second consecutive appearance on the list. The company achieved an impressive 1184% revenue growth, improving from its previous ranking of 108 in 2023. DDH secured the 3rd position in Texas and ranked 23rd in Digital platforms. The growth was attributed to strategic investments in its in-house supply-side platform, Colossus SSP, and the unification of its advertising consultancy groups, Huddled Masses and Orange 142.

Positive

• 1184% revenue growth rate over three years
• Improved ranking from 108 to 101 in Deloitte Technology Fast 500™
• Ranked 3rd in Texas and 23rd in Digital platforms
• Successfully unified advertising consultancy groups under one banner

Negative

• None.

Insights

Financial Analyst

The 1184% revenue growth over three years and improved ranking to #101 from #108 in Deloitte's Fast 500 demonstrates exceptional business momentum. The company's strategic focus on developing its Colossus SSP platform and consolidating advertising consultancies shows effective execution of its growth strategy.

Key growth metrics position DDH favorably in the competitive adtech landscape:

• Ranked #3 in Texas
• Ranked #23 in Digital platforms
• Growth rate significantly above the Fast 500 median of 460%

For a small-cap company ($20M market cap), this growth trajectory suggests strong market positioning and potential for continued expansion in the digital advertising sector.

Company's 1184% Revenue Growth Driven By Strategic & Operational Investments in Sell-Side Technology stack 

Inclusion Marks the Company's Second Consecutive Appearance on the List

HOUSTON, Nov. 21, 2024 /PRNewswire/ -- Direct Digital Holdings ("DDH" or the "Company") (Nasdaq: DRCT) today announced it ranked number 101 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30^th year. In its second consecutive year on the list, Direct Digital Holdings saw 1184% growth and rose from its 108 ranking in 2023. The Company was also ranked number 3 in Texas and 23 in Digital platforms.

According to Chief Executive Officer, Mark Walker, Direct Digital Holdings has spent the last year prioritizing investments in its in-house supply-side platform, Colossus SSP and unifying its two advertising consultancy groups, Huddled Masses and Orange 142 under one banner. Walker commented, "This significant growth underscores the value of our investments in technology and the integration of our services, allowing us to better meet the needs of our clients while driving meaningful progress for the business."

"For 30 years, we've been celebrating companies actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year's list, surpassing life sciences for the first time," said Steve Fineberg, Vice Chair, U.S. technology sector leader, Deloitte. "Significantly, we also saw a breakthrough in the performance of private companies, with the highest number of private companies named to the list in our program's history. This year's winners have shown they have the vision and expertise to continue performing at a high level, and that deserves to be celebrated."

"Innovation, transformation, and disruption of the status quo are at the forefront for this year's Technology Fast 500 list, and there's no better way to celebrate 30 years of program history," said Christie Simons, Partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte's Audit & Assurance practice. "This year's winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving progress. We extend our congratulations to all of this year's winners — it's an incredible time for innovation."

Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and median growth rate of 460%.

About the 2024 Deloitte Technology Fast 500
Now in its 30^th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Direct Digital Holdings
Direct Digital Holdings (Nasdaq: DRCT) brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings' sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within the general market and multicultural media properties. The Company's buy-side platform, Orange 142, delivers significant ROI for middle-market advertisers by providing data-optimized programmatic solutions for businesses in sectors ranging from energy to healthcare to travel to financial services. Direct Digital Holdings' sell- and buy-side solutions generate billions of impressions per month across display, CTV, in-app, and other media channels.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 460,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

 

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SOURCE Direct Digital Holdings

FAQ

What was Direct Digital Holdings' (DRCT) growth rate in the 2024 Deloitte Technology Fast 500?

Direct Digital Holdings achieved a 1184% revenue growth rate according to the 2024 Deloitte Technology Fast 500 ranking.

What rank did Direct Digital Holdings (DRCT) achieve in the 2024 Deloitte Fast 500?

Direct Digital Holdings ranked number 101 on the 2024 Deloitte Technology Fast 500, improving from its previous ranking of 108 in 2023.

How did Direct Digital Holdings (DRCT) perform in regional rankings?

Direct Digital Holdings ranked number 3 in Texas and number 23 in the Digital platforms category.

What strategic changes did Direct Digital Holdings (DRCT) implement in 2024?

The company invested in its Colossus SSP platform and unified its advertising consultancy groups, Huddled Masses and Orange 142, under one banner.