Filing Flows › Direct Digital Holdings (DRCT) › Q4 2024
Direct Digital Holdings (DRCT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
Direct Digital Holdings (DRCT) reported revenue of $9.1M for the fourth quarter 2024 (Q4 2024), -78% from a year earlier and +0.1% from the quarter before. Operating margin was -51.8%, net loss $6.6M (72.3% of revenue).
Direct Digital Holdings, Q4 2024: revenue $9.1M (-78% year over year), operating margin -51.8%, net loss $6.6M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | +0.1% | -78% |
| Operating profit | −$4.7M | — | — |
| Net earnings | −$6.6M | — | — |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $9.1M in Q4 2024, down 78% year over year and roughly flat from the previous quarter. Buy-side advertising was the largest line at 71% of revenue.
Gross margin was 32.4%, up 9.7 points from a year earlier. Operating costs exceeded revenue by $4.7M, an operating margin of -51.8%. Operating expenses fell 58% while revenue fell 78%. The quarter ended with a net loss of $6.6M, wider than the previous quarter's $6.4M loss. Minority interests bore $4.4M of it: to shareholders the quarter was a loss of $2.2M.
Operating cash flow was −$1.6M. Non-cash charges added back $70K of depreciation and amortization and $741K of share-based compensation. Working capital and other items added $4.2M.
Questions
What was Direct Digital Holdings' revenue in the fourth quarter 2024?
Direct Digital Holdings (DRCT) reported revenue of $9.1M for the fourth quarter 2024 (Q4 2024), -78% from a year earlier and +0.1% from the quarter before.
Was Direct Digital Holdings profitable in the fourth quarter 2024?
Operating loss was $4.7M (-51.8% of revenue) and net loss $6.6M.