Overview

• US ad tech platform's Q1 revenue fell 18% yr/yr, driven by lower DSP customer spending

• Adjusted EBITDA loss improved yr/yr, reflecting reduced operating expenses

• Company says it is focused on cost control and capital discipline amid ongoing execution

Outlook

• Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

• DSP CUSTOMER SPENDING - Co said Q1 revenue decrease was primarily due to a $2.0 mln drop in demand side platform customer spending

Company press release: ID:nPn1BXc5pa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$6.68 mln	$6.82 mln (2 Analysts)
Q1 Net Income	Miss	-$5.57 mln	-$925,000 (1 Analyst)
Q1 Adjusted EBITDA	Miss	-$2.60 mln	-$1.63 mln (2 Analysts)
Q1 Operating Income	Miss	-$3.25 mln	-$2.54 mln (2 Analysts)

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the advertising & marketing peer group is "buy"

• Wall Street's median 12-month price target for Direct Digital Holdings Inc is $32.00, about 694% above its May 8 closing price of $4.03

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