Direct Digital Holdings (DRCT) Tops Q2 EPS by 12c, Offers Guidance

Direct Digital Holdings (NASDAQ: DRCT) reported Q2 EPS of $0.18, $0.12 better than the analyst estimate of $0.06. Revenue for the quarter came in at $21.3 million versus the consensus estimate of $14.63 million.

Financial Outlook:

Direct Digital’s guidance assumes that the U.S. economy continues to recover, and there are no major COVID-19-related setbacks that may cause economic conditions to deteriorate or otherwise significantly reduce advertiser demand. Direct Digital plans to offer annual guidance and update it throughout the year. Accordingly, the Company estimates the following:

• · For fiscal year 2022, Direct Digital is raising expectations for guidance by approximately 40% to increase from a range of $48.0 million-$52.0 million to $70 million-$75 million, or up 113% year-over-year growth at the mid-point, while targeting an Adjusted EBITDA Margin in the double digits.

For earnings history and earnings-related data on Direct Digital Holdings (DRCT) click here.

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