Direct Digital Holdings, Inc. (NASDAQ:DRCT) Q1 2022 Results Earnings Conference Call May 12, 2022 5:00 PM ET

Company Participants

Brett Milotte - IR, ICR

Mark Walker - CEO

Susan Echard - CFO

Conference Call Participants

Daniel Kurnos - The Benchmark Company

Darren Aftahi - ROTH Capital Partners

Operator

Welcome to the Direct Digital Holdings First Quarter 2022 Earnings Call. At this time, all participants will be in a listen-only mode. Later, we will conduct a question-and-answer session.

I will now turn the call over to your host Brett Milotte, Senior Vice President, Investor Relations, ICR. Mr. Milotte, you may begin.

Brett Milotte

Good afternoon, everyone, and welcome to Direct Digital Holdings first quarter 2022 earnings conference call. My name is Brett Milotte and I'm representing Direct Digital Holdings Investor Relations from ICR. On today's call are Mark Walker, Chief Executive Officer; and Susan Echard, Chief Financial Officer. The information discussed today is qualified in its entirety by the Form 8-K and accompanying earnings release that’s been filed today by Direct Digital Holdings, which maybe accessed through the SEC’s website and DRCT's website.

Today's call is also being webcast and a replay will be posted to DRCT's Investor Relations website. Immediately following the speakers' presentation, there'll be a question-and-answer session.

Please note the statements made during this call, including financial projections or other statements that are not historical in nature, they constitute forward-looking statements. Such 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 the DRCT's actual results to differ from its historical results and forecasts, including those risks set forth in DRCT's filings with the SEC. You should refer to and carefully consider those for more information. This cautionary statement applies to all forward-looking statements made during this call. Do not place undue reliance on any forward-looking statements.

During this call, DRCT is referring to non-GAAP financial measures. These non-GAAP measures are not prepared in accordance with Generally Accepted Accounting Principles. A reconciliation of the non-GAAP financial measures to the most recently comparable GAAP measures is available in earnings release DRCT filed with its Form 8-K today.

I'll now hand over the confidence to Mark Walker, Chief Executive Officer. Mark?

Mark Walker

Thanks, Brett, and good afternoon, everyone. This is our second earnings call as a public company. And I'm incredibly proud to report record financial performance for the first quarter. Before I go into details, I want to provide a brief overview for those of you joining us for the first time.