Direct Digital falls on Q4 profit miss

Direct Digital Holdings

23/03/2023 15:57

** Shares of advertising company Direct Digital Holdings Inc
 DRCT.O  down 9% at $3.86 
    ** Company posts Q4 GAAP profit of $0.01/shr, missing Street
est. of $0.10/shr - Refinitiv
    ** DRCT expects fiscal 2023 revenue between $118 mln and
$122 mln, vs analysts' expectations of $120 mln
    ** Company expects double-digit revenue growth in FY 2023
across both sell- and buy-side business
    ** Stock rose 55.66% in 2022

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))