Direct Digital Holdings announced financial results for the first quarter ended March 31, 2025, on May 6, 2025. Consolidated revenue for the quarter was $8.2 million, primarily supported by buy-side revenue of $6.1 million, which increased 6% compared to the prior year.
Sell-side revenue for Q1 2025 was $2.0 million, comparable to Q4 2024, despite Q4 typically being stronger due to seasonality and political spend. The company noted the continued impact of the 2024 sell-side business disruption but expressed confidence in ongoing commitments from partners once direct connections are fully integrated in the second half of 2025.
Operating expenses were reduced by nearly $1.5 million, or approximately 19%, compared to Q1 2024, driven by strategic cost-saving initiatives. The net loss for the first quarter of 2025 was $5.940 million. Direct Digital Holdings maintained its full-year 2025 revenue guidance of $90 million to $110 million, anticipating growth across both buy-side and sell-side segments.
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