Direct Digital Holdings, Inc. (NASDAQ:DRCT) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET

Company Participants

Brett Milotte - ICR

Mark Walker - CEO, Co-Founder & Chairman

Diana Diaz - Interim CFO

Conference Call Participants

Daniel Kurnos - The Benchmark Company

Operator

Hello, everyone, and welcome to Direct Digital Holdings Second Quarter 2023 Earnings Call. At this time, I would like to hand the call over to Mr. Brett Milotte. Please go ahead, sir.

Brett Milotte

Good afternoon, everyone, and welcome to Direct Digital Holdings Second Quarter 2023 Earnings Conference Call. My name is Brett Milotte, and I'm presenting Direct Digital Holdings from ICR. On today's call are Direct Digital Holdings Chairman and Chief Executive Officer, Mark Walker; and Chief Financial Officer, Diana Diaz.

Information discussed today is qualified in its entirety with the Form 8-K and accompanying earnings release, which has been filed today by Direct Digital Holdings. Which may be accessed at the SEC's website and DRCT's website. Today's call is also being webcast, and a replay we posted to DRCT's Investor Relations website.

Immediately following the speaker's presentation, there will be a question-and-answer session. Please note that the statements made during the call, including financial projections or other statements that are not historical in nature may constitute forward-looking statements. These statements are made on the basis of DRCT's views and assumptions regarding future events and business performance at the time they are made. And we do not undertake any obligation to update these statements.

Forward-looking statements are subject to risks, which could cause DRCT's actual results to differ from its historical results and forecasts, including those risks set forth in DRCT's filings at the SEC. And you should refer to carefully consider those for more information. This cautionary statement applies to all forward-looking statements made during this call.

You do not place undue reliance on any forward-looking statements. During this call, the DRCT will be referring to non-GAAP financial measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. Reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in the earnings release that the DRCT filed in its Form 8-K today. I will now hand over the conference to Mark Walker, Chief Executive Officer. Mark?

Mark Walker

Thanks, Brett. Thank you to everyone joining our second quarter 2023 earnings call. I'm proud to report strong financial results and operational performance for the first half of 2023. Similar to Q1, Q2 is 1 of our typically seasonally slow quarters, and we expect to see advertising demand increase as the year progresses.