Through its operating companies Colossus Media, LLC (“Colossus Media”), Huddled Masses LLC (“Huddled Masses”), and Orange142, LLC (“Orange142”), Direct Digital Holdings, Inc., a leading provider of advertising and marketing technology, today announced financial results for the second quarter ended June 30, 2022.
President of Direct Digital, Keith Smith, continued, “The performance this quarter is evidence of Direct Digital’s open and varied digital marketplace business strategy. The Company has achieved great achievements for the quarter, which we anticipate will lead to a successful remainder of the year, along with the assistance of our supporting partner Lafayette Square Loan Servicing, LLC, who recently permitted us to extend our current non-dilutive financing arrangement. Direct Digital will therefore increase its guidance for the entire year 2022.”
According to Mark Walker, the chairman and CEO of Direct Digital, “For the second quarter of 2022, we are happy to report record revenue, illustrating the tremendous growth fueled by our business model. We have been able to broaden our client base and portfolio by concentrating on growing both of our important buy- and sell-side business divisions. This has resulted in higher top-line revenue and, as a result, an overall improvement in our adjusted EBITDA.”
- Direct Digital Holdings Reports Second Quarter 2022 Financial Results
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