Direct Digital reports Q1 EPS (35c) vs. (22c) last year

Reports Q1 revenue $8.16M vs. $22.27M last year. Mark D. Walker, Chairman and CEO, commented, “As we begin to move through 2025, we are focused on continuing to scale our buy-side solution while simultaneously rebuilding our sell-side business. During the Q1, which is historically our weakest quarter, we recognized consolidated revenue of $8.2M, supported primarily by buy-side revenue of $6.1M which was up 6% compared to the prior year. Sequentially, Q1 sell-side revenue of $2.0M is relatively comparable to Q4 2024 sell-side revenue of $2.7M, an encouraging trend given that Q4 is typically the strongest quarter for the sell-side business based on seasonality and our 2024 Q4 included $700,000 of political spend. In the Q1 of 2025, we saw the continued impact of the disruption of our sell-side business in 2024, however, we are pleased by the ongoing commitment of our agency, brand and publisher partners to resume or increase activity with the Company once direct connections are fully integrated in the second half of 2025, and we are working diligently to restore this segment to previous levels.”