IZEA Kicks Off 2021 with New Contracts From Two Fortune 10 Companies

Rhea-AI Summary

IZEA Worldwide starts 2021 strong with new influencer marketing contracts and earnings momentum. The company secured multiple contracts from Fortune 10 customers, expanding their influencer programs. These early January bookings exceed 50% of total managed services from January 2020. Additionally, managed services bookings rose by 48% in Q4 2020, compared to Q4 2019. CEO Ted Murphy emphasized the firm's commitment to growth amidst ongoing challenges from the COVID-19 pandemic.

Positive

• New contracts from two Fortune 10 customers for influencer marketing programs.
• First week of 2021 bookings exceed 50% of total January 2020 managed services.
• Managed Services bookings increased by 48% in Q4 2020 compared to Q4 2019.

Negative

• None.

Company Continues Strong Momentum in Managed Services Bookings

Orlando, Florida, Jan. 05, 2021 (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 is off to a strong start in 2021 following the award of several new influencer marketing contracts on Monday. Among them were commitments from two Fortune 10 customers, both returning for expansion of their influencer marketing programs with IZEA. When compared against the total managed services bookings from January 2020, the combined value of these contracts in the first week of 2021 already exceeds 50% of last January’s total. These wins continue upon the surge of Managed Service bookings that IZEA saw in Q4 of 2020. Managed Services bookings increased 48% in Q4 of 2020, as compared to Q4 2019.

“We are pleased to start 2021 with a bang,” said Ted Murphy, IZEA’s Chairman and CEO. “Our team has been working diligently to navigate a complex and challenging landscape over the past nine months. These wins are reflective of our collective effort to adapt and evolve as an organization.”

“Growth is our primary focus for 2021,” continued Murphy. “We are already within striking distance of our January 2020 Managed Services bookings number on the first business day of the month. Looking ahead, we are well positioned to continue our strong positive momentum in Q1 despite the ongoing macro challenges related to the COVID-19 pandemic.”

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.

FAQ

What new contracts did IZEA announce in January 2021?

IZEA announced new influencer marketing contracts from two Fortune 10 customers in January 2021.

How much did IZEA's managed services bookings increase in Q4 2020?

IZEA's managed services bookings increased by 48% in Q4 2020 compared to Q4 2019.

What percentage of last year's bookings did IZEA achieve in the first week of January 2021?

In the first week of January 2021, IZEA achieved over 50% of the total managed services bookings from January 2020.

What is IZEA's focus for growth in 2021?

IZEA's primary focus for 2021 is to continue strong growth in managed services bookings despite ongoing macro challenges.