Direct Digital Holdings, Inc. (NASDAQ:DRCT) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET

Company Participants

Brett Milotte - Investor Relations, ICR
Mark Walker - Chairman & Chief Executive Officer
Diana Diaz - Chief Financial Officer

Conference Call Participants

Dan Kurnos - The Benchmark Company
Michael Kupinski - NOBLE Capital Markets

Operator

Good day, everyone, and welcome to the Direct Digital Holdings Third Quarter 2024 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 third quarter earnings conference call. My name is Brett Milotte, and I'm representing 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 10-Q and accompanying earnings release, which will be filed 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 will be posted to DRCT's Investor Relations website. Immediately following the speakers' 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 these for more information. This cautionary statement applies to all forward-looking statements made during the call.

During this call, 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 DRCT will file in its Form 10-Q.

I will now hand the call over to Mark Walker, Chief Executive Officer. Mark?

Mark Walker

Thanks, Brett, and thank you to everyone joining our third quarter earnings call.

We are pleased to return to our normal reporting cadence after the submission of our FY 2023 Q1 2024 and Q2 2024 filings last month. It goes without saying that it has been a difficult few quarters for Direct Digital Holdings. On this call, we believe it would be helpful to provide a quick recap of the past few months, the current status of our company and why we're excited for the path and growth opportunities ahead.