Direct Digital soars on quarterly revenue growth, forecast

Direct Digital Holdings

30/03/2022 11:24

** Shares of advertising platform  DRCT.O  up 34.1% at $3.46
premarket
    ** Reports Q4 revenue up 95% to $12.9 mln from $6.6 mln a
year ago
    ** Expects Q1 revenue to grow about 98% to between $11 mln
and $11.5 mln
    ** Posts Q4 net loss of $2.1 mln, wider than loss of about
$527,000 a year earlier
    ** Co went public on February 11 at offer price of $5.50
    ** Up to last close, stock had fallen ~53% since IPO

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))