Aug. 7 at 2:11 PM
Noble Capital Markets Research Report: Direct Digital Holdings (
$DRCT) – A More Muted Near Term Revenue Recovery Expected
Mixed Q2 results. The company reported Q2 revenue of
$10.1 million, below our forecast of
$12.5 million, driven by continued underperformance in the Sell-side business, which generated
$2.5 million vs. our forecast of
$4.5 million. Despite the shortfall, adj. EBITDA loss of
$1.5 million was better than expected, aided by cost reductions and lower headcount from increased automation.
Read more: https://www.channelchek.com/news-channel/direct-digital-holdings-drct-a-more-muted-near-term-revenue-recovery-expected
