<p>Direct Digital Holdings, Inc. A 类股（(DRCT)）已举行其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>Direct Digital Holdings, Inc. A 类股的最近财报电话会议为利益相关者描绘了一个复杂的局面。尽管公司展示了战略进展，特别是在买方业务和人工智能驱动的效率方面，但也面临显著挑战。卖方收入的显著下降以及整体财务指标，如毛利率和净亏损，突显了持续的困难。尽管面临这些障碍，战略举措和合作伙伴关系为未来增长提供了潜力，尽管短期财务前景仍然谨慎。</p>
<h2>买方收入增长</h2>
<p>财报电话会议强调了买方业务的积极发展，收入增长了 7%，达到 730 万美元。这一增长占公司合并收入的大部分，展示了 Direct Digital Holdings 在这一领域的实力和专注。</p>
<h2>与 ReachTV 的战略合作</h2>
<p>一个关键亮点是 Direct Digital Holdings 的子公司 Orange 142 与 ReachTV 之间战略合作的宣布。这一合作旨在通过提供新的库存和有价值的数据目标细分，增强其买方业务，可能会提升未来的收入来源。</p>
<h2>人工智能驱动的效率</h2>
<p>公司在利用人工智能方面取得了显著进展，功能集增加了近 40%，并创建了超过 10 个新的 AI 模块。这些进展通过自动化实现了可观的成本节约，使公司在运营效率上得以改善。</p>
<h2>成功的债务转换</h2>
<p>为了增强财务状况，Direct Digital Holdings 成功将 2500 万美元的现有债务转换为 A 系列可转换优先股。这一转换改善了公司的股东权益状况，并增强了其财务灵活性。</p>
<h2>运营费用减少</h2>
<p>公司报告称，截至目前，运营费用减少了 540 万美元，与 2024 年前九个月相比下降了 20%。这一减少证明了公司在精简运营和改善财务健康方面的努力。</p>
<h2>卖方收入下降</h2>
<p>尽管有积极的发展，公司仍面临卖方收入的显著下降，第三季度收入从 220 万美元降至 60 万美元。这一下降主要归因于低于预期的展示库存，给整体收入增长带来了挑战。</p>
<h2>整体收入下降</h2>
<p>2025 年第三季度的合并收入报告为 800 万美元，低于 2024 年同期的 910 万美元。这一下降突显了公司当前面临的财务挑战。</p>
<h2>毛利率下降</h2>
<p>2025 年第三季度的毛利率降至 28%，低于 2024 年第三季度的 39%。这一下降反映了持续的财务压力和战略调整的必要性。</p>
<h2>持续的净亏损</h2>
<p>Direct Digital Holdings 在第三季度报告了 500 万美元的净亏损，较 2024 年同期的 640 万美元亏损有所改善。尽管亏损仍然显著，但改善表明在应对财务挑战方面取得了一些进展。</p>
<h2>现金及现金等价物减少</h2>
<p>截至 2024 年 12 月 31 日，公司现金及现金等价物减少至 90 万美元，低于 140 万美元。这一下降突显了未来需要谨慎财务管理的必要性。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Direct Digital Holdings 设定了谨慎但战略性的路径。公司报告 2025 年第三季度合并收入为 800 万美元，重点是增加买方收入和减少运营费用。将 2500 万美元债务转换为 A 系列可转换优先股，以及将其股权信用额度扩大至 1 亿美元，预计将增强财务灵活性，为潜在增长奠定基础。</p>
<p>总之，Direct Digital Holdings, Inc. A 类股的财报电话会议揭示了一个复杂的财务格局。尽管战略进展和合作伙伴关系为未来增长提供了希望，但短期财务困境和收入下降带来了重大挑战。利益相关者将密切关注公司在未来几个季度如何应对这些障碍。</p>

DRCT

<p>Direct Digital Holdings, Inc. (DRCT) 举行了第三季度财报电话会议，透露出混合的前景。尽管买方收入增长了 7%，达到了 730 万美元，但卖方收入却从 220 万美元骤降至 60 万美元。公司报告的合并收入下降至 800 万美元，净亏损为 500 万美元，尽管相比去年有所改善。战略合作伙伴关系和人工智能的进展被强调，同时成功完成了 2500 万美元的债务转换。尽管运营成本有所降低，但整体财务状况依然谨慎，因为公司面临着重大的挑战</p>

<p>Direct Digital Holdings, Inc. Class A ((DRCT)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Direct Digital Holdings, Inc. A 类股（(DRCT)）已举行其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<div class="lb-trans"><h3>认识您的 ETF AI 分析师</h3>
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</div><p>The recent earnings call of Direct Digital Holdings, Inc. Class A painted a mixed picture for stakeholders. While the company showcased strategic advancements, particularly in buy-side operations and AI-driven efficiencies, there were notable challenges. A significant decline in sell-side revenue and overall financial metrics, such as gross margin and net loss, highlighted ongoing struggles. Despite these hurdles, strategic initiatives and partnerships offer potential for future growth, although the immediate financial outlook remains cautious.</p>
<div class="lb-trans"><p>Direct Digital Holdings, Inc. A 类股的最近财报电话会议为利益相关者描绘了一个复杂的局面。尽管公司展示了战略进展，特别是在买方业务和人工智能驱动的效率方面，但也面临显著挑战。卖方收入的显著下降以及整体财务指标，如毛利率和净亏损，突显了持续的困难。尽管面临这些障碍，战略举措和合作伙伴关系为未来增长提供了潜力，尽管短期财务前景仍然谨慎。</p>
</div><h2>Growth in Buy-Side Revenue</h2>
<div class="lb-trans"><h2>买方收入增长</h2>
</div><p>The earnings call highlighted a positive development in the buy-side operations, with revenue increasing by 7% to $7.3 million. This growth represents the majority of the company’s consolidated revenue, showcasing the strength and focus of Direct Digital Holdings in this area.</p>
<div class="lb-trans"><p>财报电话会议强调了买方业务的积极发展，收入增长了 7%，达到 730 万美元。这一增长占公司合并收入的大部分，展示了 Direct Digital Holdings 在这一领域的实力和专注。</p>
</div><h2>Strategic Partnership with ReachTV</h2>
<div class="lb-trans"><h2>与 ReachTV 的战略合作</h2>
</div><p>A key highlight was the announcement of a strategic partnership between Direct Digital Holdings’ subsidiary, Orange 142, and ReachTV. This collaboration is set to enhance their buy-side business by providing new inventory and valuable data targeting segments, potentially boosting future revenue streams.</p>
<div class="lb-trans"><p>一个关键亮点是 Direct Digital Holdings 的子公司 Orange 142 与 ReachTV 之间战略合作的宣布。这一合作旨在通过提供新的库存和有价值的数据目标细分，增强其买方业务，可能会提升未来的收入来源。</p>
</div><h2>AI-Driven Efficiencies</h2>
<div class="lb-trans"><h2>人工智能驱动的效率</h2>
</div><p>The company has made significant strides in leveraging artificial intelligence, increasing its feature set by nearly 40% and creating over 10 new AI modules. These advancements have resulted in substantial cost savings through automation, positioning the company for improved operational efficiency.</p>
<div class="lb-trans"><p>公司在利用人工智能方面取得了显著进展，功能集增加了近 40%，并创建了超过 10 个新的 AI 模块。这些进展通过自动化实现了可观的成本节约，使公司在运营效率上得以改善。</p>
</div><h2>Successful Debt Conversion</h2>
<div class="lb-trans"><h2>成功的债务转换</h2>
</div><p>In a move to strengthen its financial position, Direct Digital Holdings successfully converted $25 million of existing debt into Series A convertible preferred stock. This conversion has improved the company’s shareholders’ equity position and enhanced its financial flexibility.</p>
<div class="lb-trans"><p>为了增强财务状况，Direct Digital Holdings 成功将 2500 万美元的现有债务转换为 A 系列可转换优先股。这一转换改善了公司的股东权益状况，并增强了其财务灵活性。</p>
</div><h2>Operating Expense Reduction</h2>
<div class="lb-trans"><h2>运营费用减少</h2>
</div><p>The company reported a reduction in operating expenses by $5.4 million year-to-date, marking a 20% decrease compared to the first nine months of 2024. This reduction is a testament to the company’s efforts to streamline operations and improve financial health.</p>
<div class="lb-trans"><p>公司报告称，截至目前，运营费用减少了 540 万美元，与 2024 年前九个月相比下降了 20%。这一减少证明了公司在精简运营和改善财务健康方面的努力。</p>
</div><h2>Sell-Side Revenue Decline</h2>
<div class="lb-trans"><h2>卖方收入下降</h2>
</div><p>Despite positive developments, the company faced a significant decline in sell-side revenue, which decreased to $600,000 from $2.2 million in the third quarter of 2024. This drop was primarily attributed to lower-than-anticipated impression inventory, posing a challenge to overall revenue growth.</p>
<div class="lb-trans"><p>尽管有积极的发展，公司仍面临卖方收入的显著下降，第三季度收入从 220 万美元降至 60 万美元。这一下降主要归因于低于预期的展示库存，给整体收入增长带来了挑战。</p>
</div><h2>Overall Revenue Decrease</h2>
<div class="lb-trans"><h2>整体收入下降</h2>
</div><p>The consolidated revenue for the third quarter of 2025 was reported at $8 million, down from $9.1 million in the same period of 2024. This decline underscores the financial challenges the company is currently facing.</p>
<div class="lb-trans"><p>2025 年第三季度的合并收入报告为 800 万美元，低于 2024 年同期的 910 万美元。这一下降突显了公司当前面临的财务挑战。</p>
</div><h2>Gross Margin Decline</h2>
<div class="lb-trans"><h2>毛利率下降</h2>
</div><p>The gross margin for the third quarter of 2025 fell to 28%, a decrease from 39% in the third quarter of 2024. This decline reflects the ongoing financial pressures and the need for strategic adjustments.</p>
<div class="lb-trans"><p>2025 年第三季度的毛利率降至 28%，低于 2024 年第三季度的 39%。这一下降反映了持续的财务压力和战略调整的必要性。</p>
</div><h2>Continued Net Loss</h2>
<div class="lb-trans"><h2>持续的净亏损</h2>
</div><p>Direct Digital Holdings reported a net loss of $5 million in the third quarter, an improvement from a $6.4 million loss in the same period of 2024. While the loss is still significant, the improvement indicates some progress in addressing financial challenges.</p>
<div class="lb-trans"><p>Direct Digital Holdings 在第三季度报告了 500 万美元的净亏损，较 2024 年同期的 640 万美元亏损有所改善。尽管亏损仍然显著，但改善表明在应对财务挑战方面取得了一些进展。</p>
</div><h2>Cash and Cash Equivalents Decrease</h2>
<div class="lb-trans"><h2>现金及现金等价物减少</h2>
</div><p>The company’s cash and cash equivalents decreased to $900,000 from $1.4 million as of December 31, 2024. This reduction highlights the need for careful financial management moving forward.</p>
<div class="lb-trans"><p>截至 2024 年 12 月 31 日，公司现金及现金等价物减少至 90 万美元，低于 140 万美元。这一下降突显了未来需要谨慎财务管理的必要性。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Direct Digital Holdings has set a cautious yet strategic path. The company reported consolidated revenue of $8 million for the third quarter of 2025, with a focus on increasing buy-side revenue and reducing operating expenses. The conversion of $25 million in debt into Series A convertible preferred stock and the expansion of its equity line of credit to $100 million are expected to enhance financial flexibility, positioning the company for potential growth.</p>
<div class="lb-trans"><p>展望未来，Direct Digital Holdings 设定了谨慎但战略性的路径。公司报告 2025 年第三季度合并收入为 800 万美元，重点是增加买方收入和减少运营费用。将 2500 万美元债务转换为 A 系列可转换优先股，以及将其股权信用额度扩大至 1 亿美元，预计将增强财务灵活性，为潜在增长奠定基础。</p>
</div><p>In conclusion, the earnings call of Direct Digital Holdings, Inc. Class A revealed a complex financial landscape. While strategic advancements and partnerships offer hope for future growth, immediate financial struggles and decreased revenues present significant challenges. Stakeholders will be keenly watching how the company navigates these hurdles in the coming quarters.</p>
<div class="lb-trans"><p>总之，Direct Digital Holdings, Inc. A 类股的财报电话会议揭示了一个复杂的财务格局。尽管战略进展和合作伙伴关系为未来增长提供了希望，但短期财务困境和收入下降带来了重大挑战。利益相关者将密切关注公司在未来几个季度如何应对这些障碍。</p>
</div>

Direct Digital Holdings 的财报电话会议：前景喜忧参半