IZEA Awarded $1.7 Million Contract for Custom Content Creation

Rhea-AI Summary

IZEA Worldwide, Inc. (NASDAQ: IZEA) has secured a $1.7 million Managed Services contract from a leading online educational services provider, an existing client. This contract will enable IZEA's creators to enhance brand exposure and traffic throughout the calendar year. In 2021, the company reported record annual managed services bookings of $39.5 million, a significant increase from $17.3 million in 2020. IZEA anticipates continued growth in customer engagements in 2022 as brands increasingly invest in influencer marketing.

Positive

• Awarded $1.7 million contract to enhance brand exposure.
• 2021 managed services bookings reached $39.5 million, up $22.2 million year-over-year.

Negative

• None.

Orlando, Florida, Jan. 12, 2022 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, announced today that it has been awarded a $1.7M Managed Services contract by a leading provider of online educational services, an existing client of the company. IZEA’s network of creators will be producing custom content to increase brand exposure and traffic for the company. The contract was awarded in January and the program will run throughout the calendar year.

“Team IZEA is off to a great start in 2022,” said Ted Murphy, Founder and CEO of IZEA. “We had strong pipeline development in the back half of 2021, with many existing customers providing initial indications of renewal and expansion for this year. We expect that we will continue to see increases in average size and scope of engagements over the course of 2022 as customers invest more heavily in influencer and content marketing initiatives.”

IZEA recently announced record annual managed services bookings of $39.5 million in 2021, an increase of $22.2 million year-over-year from $17.3 million in 2020. 

To learn more visit IZEA.com.

About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) is a marketing technology company providing software and professional services that enable brands to collaborate and transact with the full spectrum of today’s top social influencers and content creators. The company serves as a champion for the growing Creator Economy, enabling individuals to monetize their content, creativity, and influence. IZEA launched the industry’s first-ever influencer marketing platform in 2006 and has since facilitated nearly 4 million transactions between online buyers and sellers. Leading brands and agencies partner with IZEA to increase digital engagement, diversify brand voice, scale content production, and drive measurable return on investment.

Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “may,” “will,” “would,” “could,” “should,” “expect,” “anticipate,” “hope,” “estimate,” “believe,” “intend,” "likely," "projects," “plans,” "pursue," "strategy" or "future," or the negative of these words or other words or expressions of similar meaning.  Examples of forward-looking statements include, among others, statements we make regarding expectations concerning IZEA’s ability to increase revenue and bookings, growth or maintenance of customer relationships, and expectations concerning IZEA’s business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: competitive conditions in the content and social sponsorship segment in which IZEA operates; failure to popularize one or more of the marketplace platforms of IZEA; our ability to establish effective disclosure controls and procedures and internal control over financial reporting; our ability to satisfy the requirements for continued listing of our common stock on the Nasdaq Capital Market; changing economic conditions that are less favorable than expected; and other risks and uncertainties described in IZEA’s periodic reports filed with the Securities and Exchange Commission. The forward-looking statements made in this release speak only as of the date of this release, and IZEA assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

Attachment

• IZEA Awarded $1.7 Million Contract for Custom Content Creation

FAQ

What is the value of the contract awarded to IZEA in January 2022?

IZEA was awarded a $1.7 million Managed Services contract in January 2022.

What were IZEA's managed services bookings in 2021?

IZEA reported record managed services bookings of $39.5 million in 2021.

Who is the client for the $1.7M contract awarded to IZEA?

The contract is awarded by a leading provider of online educational services, an existing client of IZEA.

What does IZEA expect for customer engagements in 2022?

IZEA expects increases in average size and scope of customer engagements throughout 2022.