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Mar 31, 2023
Direct Digital Q1 2023 Earnings Report
Reported strong topline growth in both sell- and buy-side businesses during a seasonally slower quarter, with overall revenue up 87% year-over-year.
Key Takeaways
Direct Digital Holdings reported an 87% year-over-year increase in revenue for Q1 2023, reaching $21.2 million. The company saw strong topline growth across both its sell- and buy-side businesses.
First quarter revenue increased by 87% year-over-year, reaching $21.2 million.
The growth was driven by both sell- and buy-side businesses.
Company reaffirmed its financial outlook, assuming no major deterioration in the U.S. economy.
Direct Digital Holdings believes it is well-positioned for the remainder of the year.
Forward Guidance
Direct Digital Holdings reaffirmed its revenue estimate, assuming the U.S. economy does not experience any major economic conditions that deteriorate or otherwise significantly reduce advertiser demand.
Historical Earnings Impact
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