Core Insights - IZEA Worldwide, Inc. reported a total revenue increase of 12% to $8.8 million for Q3 2024 compared to $7.9 million in Q3 2023, driven by growth in Managed Services and SaaS Services [2][5][25] - The company experienced a significant net loss of $8.8 million in Q3 2024, compared to a net loss of $2.0 million in the same quarter of the previous year [8][9] - Adjusted EBITDA for the quarter was a loss of $2.8 million, worsening from a loss of $1.5 million year-over-year, indicating challenges in operational efficiency [9][27] Financial Performance - Total revenue for Q3 2024 was $8.8 million, up from $7.9 million in Q3 2023, with Managed Services revenue increasing by 10% to $8.6 million [2][5] - Managed Services bookings rose by 11% to $7.9 million, while revenue from SaaS Services surged by 260% to $205,870 [2][5][6] - Total costs and expenses increased by 73% to $18.2 million, largely due to a $4.0 million non-cash charge for goodwill impairment [2][7] Operational Highlights - IZEA's work for the Barbie movie received multiple awards, including the 2024 Global Influencer Marketing Awards [3] - The company launched IZZY, an AI assistant for marketers, enhancing its technology offerings [3][4] - IZEA Flex was recognized as the Best Influencer Marketing Platform in the 2024 MarTech Breakthrough Awards [3] Management Commentary - CEO Patrick Venetucci noted a healthy increase in managed services bookings and revenue, with expectations for year-over-year growth in the last quarter of 2024 [4] - The company secured new business from major clients such as Nestlé, Danone, and Coursera, indicating a strong market position [4] Cash Position - As of September 30, 2024, the company had cash, cash equivalents, and investments totaling $54.4 million, with no outstanding long-term debt [11]

Core Insights - The "Trust in Influencer Marketing" report indicates a significant preference for influencer-generated content over traditional advertising, with 77% of respondents favoring influencer content and 85% trusting influencers more than celebrities [2][3] - Social media platforms, particularly TikTok and Instagram, have become primary sources for product research, with their usage for this purpose more than doubling since 2022 [2][3] - A notable 86% of respondents search for product information on social media, and 77% have made purchases directly through these platforms, highlighting the importance of social shopping [3] - Engagement patterns are shifting, with Facebook and YouTube maintaining strong overall usage, while TikTok has seen significant growth among the 45-60 age demographic [3] About the Study - The 2025 report is based on responses from 1,114 U.S. social media users aged 18 and over, capturing data from the past four years to document the evolving role of influencer marketing in consumer behavior [4] About IZEA Worldwide, Inc. - IZEA Worldwide, Inc. is a leader in influencer marketing, providing services and software that enable brands to collaborate with social influencers and content creators, having facilitated nearly 4 million transactions since its inception [5]

Company Overview - IZEA Worldwide, Inc. is a marketing technology company that provides software and professional services for brands to collaborate with social influencers and content creators [3] - The company has facilitated nearly 4 million transactions between online buyers and sellers since launching the first influencer marketing platform in 2006 [3] - IZEA aims to support the Creator Economy by enabling individuals to monetize their content and influence [3] Upcoming Financial Results - IZEA will hold a conference call to discuss its third quarter 2024 financial results on November 14, 2024, at 5:00 p.m. Eastern Standard Time [1] - The call will feature insights from CEO Patrick Venetucci and CFO Peter Biere regarding the company's earnings for the third quarter [1] Conference Call Details - Participants can join the call using the toll-free number 1-877-407-4018 or the international number 1-201-689-8471 [2] - A replay of the call will be available approximately three hours after the conference ends until November 21, 2024 [2]

ORLANDO, Fla., Sept. 09, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading provider of influencer marketing technology today announced the appointment of Patrick Venetucci as the company's new Chief Executive Officer. A transformational leader with a proven track record of spearheading rapid growth and innovation, Mr. Venetucci brings more than 30 years of experience in the marketing and media industries, as well as extensive M&A expertise. "Patrick's experience is a great fit for IZEA ...

ORLANDO, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of technology, data, and services for the Creator Economy, released the 2024 China edition of its research report, "Trust in Influencer Marketing," today. The report is based on Chinese consumer sentiment and examines the effectiveness of influencer marketing in terms of consumer trust and engagement. The survey found that social shopping is far more accepted in China than in the United States. 92% of ...

ORLANDO, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of technology, data, and services for the Creator Economy, released its research report, "Influencers & The 2024 Election," today. The report is based on United States consumer sentiment and examines how social media influences political engagement and sentiment and the role of influencers in shaping political opinions. The survey found that 52% of social media users believe that influencers have a res ...

ORLANDO, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of technology, data, and services for the Creator Economy, today announced that IZEA Flex has been named the Best Influencer Marketing Platform in the 2024 MarTech Breakthrough Awards. This annual program, conducted by MarTech Breakthrough—a leading market intelligence organization—celebrates the top companies, technologies, and products in the global marketing, sales, and advertising technology indust ...

ORLANDO, Fla., Aug. 15, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of technology, data, and services for the Creator Economy, today announced it has appointed Justin Teo as its new Country Manager for its China operations. Based in Shanghai, Teo has more than 20 years of experience in marketing leadership and brings a wealth of knowledge and expertise in retail and MarTech. He previously served as Chief Digital Officer/Head of Digital at Edelman and Chief Digital Offi ...

IZEA Reports Q2 2024 Revenue of $9.1 Million ORLANDO, Fla. (August 14, 2024) - IZEA Worldwide, Inc. (NASDAQ: IZEA), a premier provider of influencer marketing technology, data, and services for the Creator Economy, reported its financial and operational results for the second quarter ended June 30, 2024. Q2 2024 Financial Summary Compared to Q2 2023 • Total revenue decreased 14.9% to $9.1 million, compared to $10.7 million • Managed Services revenue decreased 16.6% to $8.9 million, compared to $10.6 million ...

ORLANDO, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a premier provider of influencer marketing technology, data, and services for the Creator Economy, reported its financial and operational results for the second quarter ended June 30, 2024. Q2 2024 Financial Summary Compared to Q2 2023 Total revenue decreased 14.9% to $9.1 million, compared to $10.7 million Managed Services revenue decreased 16.6% to $8.9 million, compared to $10.6 million SaaS Services revenue increased 2 ...