Direct Digital sees FY24 $170M-$190M, consensus $242.6M

The company said, “Assuming the U.S. and global economy does not experience any major market or economic conditions that deteriorate or otherwise significantly reduce advertiser demand, we estimate the following: for FY24, we expect revenue to be in the range of $170M-$190M representing 15% year-over-year growth at the mid-point.” Diana Diaz, CFO, commented, “We are pleased to announce our fiscal year 2024 revenue guidance of $170M-$190M. This range demonstrates our belief that we can continue our growth and operational optimization strategies to deliver strong performance for our shareholders this year.”