DRCT - Direct Digital Holdings (DRCT) - A Colossal Quarter

Q2 exceeded even our expectations. The company reported Q2 revenue of $21.3 million, 33% above our forecast of $16 million. Adj. EBITDA of $3.6 million topped our estimate of $2.6 million by an impressive 37%. We believe that our estimates were the highest on the Street.Sell-side growth was "Colossal". The strong quarter was fueled by better-than-expected growth from Colossus SSP, which constitutes the company's Sell-side segment. Segment revenue of $11.9 million exceeded our forecast by nearly 76%, marking a 477% increase from the prior year period's $2.1 million. Read More >>