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. (DRCT) operates at the forefront of programmatic advertising technology, connecting advertisers with audiences through its integrated buy-side and sell-side platforms. This news hub provides investors and industry professionals with essential updates on DRCT developments, from strategic partnerships to technological advancements shaping digital marketing.
Access authoritative reporting on earnings announcements, platform innovations like Colossus SSP updates, and initiatives advancing transparency in digital media auctions. Our curated collection ensures you stay informed about DRCT milestones including multicultural market expansions, AI-driven advertising solutions, and participation in industry standards development.
Discover press releases detailing DRCT's operational achievements across display, CTV, and in-app advertising channels. Track progress in key sectors like healthcare and financial services marketing, supported by Orange 142 and Huddled Masses platform enhancements. Regular updates reflect the company's commitment to advertiser ROI and data-driven campaign optimization.
Bookmark this page for continuous access to DRCT's evolving role in the advertising technology landscape. Verify facts through primary source documents while gaining insights into how the company navigates programmatic advertising trends and market demands.
Direct Digital Holdings (Nasdaq: DRCT) has announced the appointment of Maria Vilchez Lowrey as Chief Growth Officer, effective immediately. This new role will focus on enhancing business and channel development across the company's portfolio, which includes Colossus SSP, Huddled Masses, and Orange 142. Lowrey brings over 20 years of experience from positions at Just Energy and NRG Energy, where she excelled in sales and partnerships. CEO Mark Walker expressed confidence in her ability to drive growth, leveraging her extensive background to further elevate the company’s market presence.
Direct Digital Holdings (Nasdaq: DRCT) reported a significant 90% year-over-year revenue increase, reaching $21.3 million for Q2 2022. Net income rose to $2.6 million, or $0.18 per share, reflecting a 58% growth from the previous year. The company raised its full-year guidance to $70-$75 million, projecting a 113% growth compared to the previous year.
Key highlights include a 477% growth in the sell-side advertising segment and a 22% increase in operating income. Adjusted EBITDA also increased by 18%, signaling strong financial performance.
Direct Digital Holdings (Nasdaq: DRCT) will announce its Q2 financial results for the period ending June 30, 2022, on August 11, 2022, post-market close. A conference call and webcast will follow at 5:00 P.M. ET for management to discuss the results. Direct Digital operates Colossus SSP, Huddled Masses, and Orange 142, serving approximately 70,000 clients and generating over 90 billion impressions monthly across various media channels. The company has been recognized as a top minority-owned business by The Houston Business Journal.
Direct Digital Holdings, Inc. (Nasdaq: DRCT) announced the successful extension of its debt facility, now totaling $26 million, with Lafayette Square. This funding will enhance the company's financial flexibility, reduce its blended cost of capital, and increase cash flow by allowing the final payment to USDM Holdings, Inc. to be completed. CEO Mark Walker expressed satisfaction with the partnership, emphasizing the commitment to growth and capital optimization.
Direct Digital Holdings (Nasdaq: DRCT) reported a remarkable 540% revenue increase in Q1 2022 compared to Q1 2021, attributed to its supply-side advertising platform, Colossus SSP. This follows a substantial growth trend, including a 330% increase from 2020 to 2021. Colossus SSP's strategy emphasizes inclusivity, enabling advertisers to reach diverse audiences and invest in under-represented communities. Notably, clients such as Bayer and the NBA have joined the platform, contributing to an 87% increase in brand engagement.
Direct Digital Holdings (Nasdaq: DRCT) announced that Noble Capital Markets has initiated company-sponsored equity research coverage on the company. The report by Noble’s Senior Research Analyst, Michael Kupinski, is accessible on Channelchek, providing advanced market data and insights on Direct Digital. The company specializes in ad technology, and operates sell-side platform Colossus SSP, serving around 70,000 clients monthly and generating over 90 billion impressions across various media channels.
Direct Digital Holdings (Nasdaq: DRCT) will announce its financial results for Q2 2022 on August 11, 2022, after the market closes. A conference call will follow at 5:00 PM ET to discuss these results. The company integrates supply- and demand-side advertising platforms, including the Colossus SSP, which attracts a wide range of advertisers. With over 200 daily clients and extensive advertising reach, Direct Digital generates over 70 billion impressions each month across various media channels.
Direct Digital Holdings, Inc. (Nasdaq: DRCT) has been recognized as a top minority-owned business by The Houston Business Journal, ranking 16th out of 25 companies. This accolade highlights the company's commitment to diversity and its positive impact on the community. Co-Founder and CEO Mark Walker expressed pride in the recognition, emphasizing the company's dedication to making a difference. Direct Digital Holdings combines supply- and demand-side advertising platforms, managing over 200 clients daily and generating over 70 billion impressions monthly across various media channels.
Direct Digital Holdings (Nasdaq: DRCT) announced that its platform, Orange142, has been selected as the digital advertising services provider for Emory University's Goizueta Business School. This one-year agreement will see Orange142 handle enrollment marketing for various MBA programs. The collaboration aims to enhance awareness and attract diverse candidates. Emory's Goizueta Business School seeks to strengthen its enrollment profile, while Orange142 aims to leverage its data-driven solutions to achieve significant results.
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