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Direct Digital Holdings Reports Q4 & Full-Year 2023 Results

Retrieved on:

Tuesday, March 26, 2024

HOUSTON, March 26, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Orange142, LLC ("Orange 142") and Huddled Masses LLC ("Huddled Masses"), today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points:

Mark D. Walker, Chairman and Chief Executive Officer, commented, "2023 was another transformational year for Direct Digital Holdings, achieving remarkable year-over-year revenue growth of 76% as well as dramatic operational expansion, and impressive results for our shareholders.
Fourth Quarter 2023 Business Highlights:
For the fourth quarter ended December 31, 2023, Direct Digital Holdings processed approximately 400 billion average monthly impressions through its sell-side advertising segment, an increase of 201% over the same period of 2022.
Sell-side revenue per advertiser for the fourth quarter of 2023 increased 185% compared to the same period of 2022.
Direct Digital will host a conference call on Tuesday, March 26, 2024 at 5:00 p.m. Eastern Time to discuss the Company's fourth quarter and fiscal year 2023 financial results.

Direct Digital Holdings Announces Rescheduling of Fourth Quarter and FY 2023 Financial Results Release and Conference Call

Retrieved on:

Wednesday, March 20, 2024

DRCT, Bank statement, Marketing, Colossus, Advertising

HOUSTON, March 20, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that the earnings call originally scheduled for March 21, 2024 at 5:00 PM ET will be postponed to March 26, 2024 at 5:00 PM ET to provide additional time to complete the audit of its financial statements.

Key Points:

HOUSTON, March 20, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that the earnings call originally scheduled for March 21, 2024 at 5:00 PM ET will be postponed to March 26, 2024 at 5:00 PM ET to provide additional time to complete the audit of its financial statements.

Direct Digital Holdings to Report Fourth Quarter & Full Year 2023 Financial Results

Retrieved on:

Thursday, February 29, 2024

Marketing, Advertising, Colossus, DRCT, Webcast

HOUSTON, Feb. 29, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that the Company will report financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023 on Thursday, March 21, 2024 after the U.S. stock market closes.

Key Points:

HOUSTON, Feb. 29, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that the Company will report financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023 on Thursday, March 21, 2024 after the U.S. stock market closes.
Management will host a conference call and webcast on the same day at 5:00 PM ET to discuss the results.
The live webcast and replay can be accessed at https://ir.directdigitalholdings.com/ .

Direct Digital Holdings Partners with FreeWheel

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Wednesday, February 28, 2024

Television, Colossus, Orange, EVP, Marketing, Direct, Entrepreneurship, Advertising, CTV, Freewheel, DRCT, Partnership

HOUSTON and NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange 142, LLC ("Orange 142"), announced a new partnership with FreeWheel, a global technology platform for the television advertising industry.

Key Points:

HOUSTON and NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc .
(Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange 142, LLC ("Orange 142"), announced a new partnership with FreeWheel , a global technology platform for the television advertising industry.
The agreement builds on Direct Digital Holdings' buy- and sell-side relationship with Beeswax, FreeWheel's programmatic buying platform.
"This agreement will significantly grow the high-quality CTV inventory available through Colossus SSP," said Mark D. Walker, Co-Founder, CEO, and Chairman at Direct Digital Holdings.

World Series of Poker Reveals Full 2024 WSOP Daily Event Schedule

Retrieved on:

Friday, February 16, 2024

The richest, most prestigious and longest-running poker series – the World Series of Poker® (WSOP®) – today announced its full daily event schedule for the 2024 World Series of Poker, following the success of the record-breaking tournament in 2023.

Key Points:

The richest, most prestigious and longest-running poker series – the World Series of Poker® (WSOP®) – today announced its full daily event schedule for the 2024 World Series of Poker, following the success of the record-breaking tournament in 2023.
The 2024 series will run from May 28 to July 17, 2024, offering nearly 700 tables, many new events and, of course, the highly coveted WSOP Main Event® Bracelet.
Weinman and many former WSOP Main Event champions will kick off the 2024 series with an all-new event, the Champions Reunion No-Limit Hold’em Freezeout.
Independence Day Celebration No-Limit Hold'em – Event #80: Celebrate Independence Day with a new three-day event at the WSOP.

SHE Media Launches Strategic Partnership with Direct Digital Holdings' Colossus SSP to Increase Advertiser Access to a Powerful Female Audience

Retrieved on:

Thursday, February 15, 2024

Colossus, Woman, Media, SVP, Marketing, Partnership, Female, SHE Media, Entrepreneurship, Soap, Advertising, Ecosystem, Family, BlogHer, DRCT

HOUSTON and NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses, LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), announced today that SHE Media, the top 10 lifestyle media group that includes SheKnows, Flow Space, StyleCaster, Soaps and BlogHer, has selected Colossus SSP as a new supply-side platform partner. Colossus SSP has a strong track-record in connecting advertisers with a truly inclusive audience, at scale, tapping into a range of multicultural / diverse publishers, as well as top-tier general market media.

Key Points:

Colossus SSP has a strong track-record in connecting advertisers with a truly inclusive audience, at scale, tapping into a range of multicultural / diverse publishers, as well as top-tier general market media.
"SHE Media's strategic partnership with Direct Digital Holding's Colossus SSP will further solidify both companies' deep-seated commitment to the economic growth of women-owned and diverse-owned media," said Kate Calabrese, SVP, Media Solutions, SHE Media.
"We are excited to be working with SHE Media because it is such a perfect fit for Colossus SSP.
Their dynamic female-focused content and coveted female audience are very much aligned with the needs of the advertisers that we serve," added Lashawnda Goffin, CEO, Colossus SSP.

Direct Digital Holdings to Participate in the 2024 ICR Conference

Retrieved on:

Monday, December 18, 2023

Colossus, Marketing, Advertising, Conference, DRCT, ICR

HOUSTON, Dec. 18, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that management will participate in the 2024 ICR Conference on January 8-10, 2024 at the Grande Lakes Resort in Orlando, FL.

Key Points:

HOUSTON, Dec. 18, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that management will participate in the 2024 ICR Conference on January 8-10, 2024 at the Grande Lakes Resort in Orlando, FL.
Mark D. Walker, Chairman and Chief Executive Officer of Direct Digital Holdings, will participate in a fireside chat on Tuesday, January 9, 2024 at 8:00 AM ET.
Management will also be available for meetings the same day.
For more information, or to schedule a meeting with management, please contact ICR.

Direct Digital Holdings to Participate in the Noble Capital Markets 19th Annual Emerging Growth Equity Conference

Retrieved on:

Monday, November 20, 2023

Colossus, Noble, Marketing, Advertising, Capital market, DRCT, Conference, Florida Atlantic University, Cryptocurrency

HOUSTON, Nov. 20, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that management will participate in the Noble Capital Markets 19th Annual Emerging Growth Equity Conference on December 3-5, 2023 at Florida Atlantic University in Boca Raton, FL.

Key Points:

HOUSTON, Nov. 20, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that management will participate in the Noble Capital Markets 19th Annual Emerging Growth Equity Conference on December 3-5, 2023 at Florida Atlantic University in Boca Raton, FL.
The conference will consist of one-on-one and small group meetings providing investors the opportunity to hear from and meet with Direct Digital Holdings' management team.
For more information, or to schedule a meeting with management, please contact your Noble representative.

Direct Digital Holdings Ranked Number 108th Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

Retrieved on:

Monday, November 13, 2023

HPE, Creativity, Colossus, Chair, LLP, Telecommunications, Fintech, Ecosystem, Perseverance, Freewheel, Deloitte Technology Fast 500, Marketing, Advertising, Digital, DRCT, 108th United States Congress, Software, Growth, SMB

During the measurement period, Direct Digital Holdings grew 1,325%, making it the 8th ranked company in Deloitte's Digital Content / Media / Entertainment division.

Key Points:

During the measurement period, Direct Digital Holdings grew 1,325%, making it the 8th ranked company in Deloitte's Digital Content / Media / Entertainment division.
The Company placed among the top 20% of all companies on the list and was ranked #6 in Texas.
The Company attributes its significant growth to current market dynamics benefitting its technology-driven and differentiated approach to advertising solutions.
On November 9, 2023, the Company reported its third quarter earnings ended September 30, 2023.

Direct Digital Holdings Reports Third Quarter 2023 Financial Results

Retrieved on:

Thursday, November 9, 2023

HOUSTON, Nov. 9, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced financial results for the third quarter ended September 30, 2023.

Key Points:

HOUSTON, Nov. 9, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced financial results for the third quarter ended September 30, 2023.
For the third quarter ended September 30, 2023, Direct Digital Holdings processed over 400 billion monthly impressions through its sell-side advertising segment, an increase of 220% over the same period of 2022.
Third Quarter 2023 Financial Highlights:
Revenue was $59.5 million in the third quarter of 2023, an increase of $33.5 million, or 129% over the $26.0 million in the same period of 2022.
Direct Digital will host a conference call on Thursday, November 9, 2023 at 5:00 p.m. Eastern Time to discuss the Company's third quarter 2023 financial results.