Direct Digital Holdings, Inc. Stock Price, News & Analysis

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.

Direct Digital Holdings (Nasdaq: DRCT) announced participation in the LD Micro Invitational XII investor conference in California from June 7 to 9, 2022. Key executives, President Keith Smith and CFO Susan Echard, will represent the company. The conference will feature around 200 companies presenting in half-hour increments, with extensive networking opportunities. Direct Digital Holdings integrates innovative advertising platforms, managing over 200 clients and generating over 70 billion impressions monthly across multiple media channels.

Direct Digital Holdings (Nasdaq: DRCT) announced that CEO Mark Walker will speak at the Loop Capital Markets 2022 Investor Conference on June 2, 2022, in New York City. The company is known for its advertising technology platform that unites supply- and demand-side solutions. With its Colossus SSP, it provides extensive reach to advertisers while serving over 80,000 clients and generating 70+ billion impressions monthly across various media channels. Direct Digital Holdings focuses on delivering data-driven programmatic solutions for diverse sectors, ensuring significant ROI for its clients.

Direct Digital Holdings (Nasdaq: DRCT) reported first quarter 2022 revenue of $11.4 million, marking a 100% increase year-over-year. The sell-side advertising segment surged by 540% to $5.6 million, while the buy-side segment grew 21% to $5.8 million. Operating income improved to $0.6 million from a loss of $26,000 in Q1 2021. Adjusted EBITDA rose 113% to $1.1 million. The company expects 2022 revenue between $48 million and $52 million, anticipating growth as the economy recovers.

Direct Digital Holdings (Nasdaq: DRCT) will announce its financial results for the first quarter ending March 31, 2022, on May 12, 2022, after market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss these results. The company operates a comprehensive advertising platform that combines supply- and demand-side solutions, managing 17,500 clients and generating over 30 billion monthly impressions across various media channels.

Direct Digital Holdings (Nasdaq: DRCT) will be presenting at NobleCon18 on April 21, 2022, at 1:30 PM ET, featuring CEO Mark Walker and President Keith Smith at the Hard Rock Hotel & Casino in Hollywood, Florida. A breakout session with the management team is scheduled for the same day at 10:00 AM ET. A high-definition video webcast of the presentation will be available on their investor relations website the following day, archived for 90 days. Direct Digital Holdings operates integrated advertising platforms, serving over 80,000 advertisers and generating over 70 billion impressions monthly.

Direct Digital Holdings (Nasdaq: DRCT) plans to disclose its financial results for the first quarter ended March 31, 2022, on May 12, 2022, following the U.S. market close. A conference call and webcast will be held at 5:00 p.m. ET for discussion. The company integrates advanced advertising platforms, including its supply-side platform Colossus SSP, and boasts managing 17,500 clients daily, generating over 30 billion impressions monthly across various media.

Direct Digital Holdings (Nasdaq: DRCT) reported a 206% year-over-year revenue increase for fiscal year 2021, reaching $38.1 million, with a 95% increase in Q4 2021 to $12.9 million. The sell-side segment grew 410% to $6.7 million, while buy-side advertising rose 17% to $6.2 million. Operating income soared to $1.3 million, a significant rise from $40,000 in the prior year. However, the company reported a net loss of $(2.1 million) in Q4. Looking ahead, Direct Digital expects Q1 2022 revenues between $11.0 million and $11.5 million, signaling 98% growth year-over-year.

Direct Digital Holdings (Nasdaq: DRCT) announced a new 5-year contract with the Pigeon Forge Department of Tourism for its advertising platform, Orange142. This agreement builds on a 25-year partnership aimed at boosting tourism and economic benefits for the region, which saw a $2 billion impact in 2021. Orange142 will enhance digital services, including media management and analytics, to attract visitors from key markets such as Chicago and Washington DC. The partnership is expected to leverage digital expertise to recover from COVID-19 impacts and drive tourism growth.