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Direct Digital Holdings, Inc. - $DRCT STOCK NEWS

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.

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 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
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News
Direct Digital Holdings Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
54.79%
Tags
earnings
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News
Direct Digital Holdings to Participate in the ROTH MKM 12th Annual New York Technology Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.9%
Tags
conferences
News
Direct Digital Holdings Announces Completion of Redemption of Outstanding Warrants
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
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none
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News
Direct Digital Holdings Partners with Basis Technologies on Buy- and Sell-Side
Rhea-AI Summary
Direct Digital Holdings partners with Basis Technologies to increase programmatic reach of multicultural media inventory and serve SMB advertisers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
partnership
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News
Direct Digital Holdings to Report Third Quarter 2023 Financial Results
Rhea-AI Summary
Direct Digital Holdings to report Q3 financial results on November 9, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
conferences earnings
News
Direct Digital Holdings Appoints Diana Diaz as Chief Financial Officer
Rhea-AI Summary
Direct Digital Holdings appoints Diana Diaz as permanent Chief Financial Officer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
management
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News
DIRECT DIGITAL HOLDINGS SELECTS HPE GREENLAKE TO DELIVER EDGE-TO-CLOUD SOLUTION IN MULTIYEAR PLATFORM DEAL
Rhea-AI Summary
Direct Digital Holdings partners with Hewlett Packard Enterprise and Ad-Tech Holding Group, with Green Tea Technology providing installation and support services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
none
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News
Direct Digital Holdings Announces Expiration and Results of the Offer to Purchase and Consent Solicitation Relating to its Warrants
Rhea-AI Summary
Direct Digital Holdings announces successful completion of offer to purchase outstanding warrants
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
none
News
Direct Digital Holdings Announces Collaboration with Amazon Publisher Services
Rhea-AI Summary
Direct Digital Holdings collaborates with Amazon Publisher Services to integrate Colossus SSP with Amazon's Transparent Ad Marketplace (TAM), providing increased demand and reduced costs for publishers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.59%
Tags
none
Stock DRCT logo
Direct Digital Holdings, Inc.

Nasdaq:DRCT

DRCT Rankings

#4714 Ranked by Market Cap
#2718 Ranked by Stock Gains
N/A Ranked by Dividends

DRCT Stock Data

54.80M
3.02M
12.84%
16.51%
2.01%
Advertising Agencies
Communication Services
Link
United States of America
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.