DRCT - Direct Digital Holdings stock doubles after record revenue growth in Q4 and strong outlook

Direct Digital Holdings (DRCT +99.2%) shares edges higher after its Q4 results. The company reported top-line growth of 95.5% Y/Y in its first result after going public last month. Sell-side advertising segment grew 410% Y/Y to $6.7M. Buy-side advertising segment grew to 17% Y/Y to $6.2M. Adjusted EBITDA was $1.8M for the quarter vs. $1M year ago. During the quarter, sell-side advertising platform's processing of impressions grew to an average of over 70B per month, processed over 685B auction bid requests and served approximately 80,000 buyers. Buy-side advertising segment served over 200 customers during 2021, compared to 150 customers during 2020. For 1Q22, the company expect revenue to be in the range of $11M to $11.5M, or +98% Y/Y at the mid-point. For FY2022, the company expect revenue to be in the range of $48M to $52M, or +31% Y/Y at the mid-point. CEO comment: "With our transition to a publicly

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Direct Digital Holdings stock doubles after record revenue growth in Q4 and strong outlook