IZEA Managed Services Bookings Top 75% YoY Growth to Date in Q1
IZEA Worldwide, Inc. reported a significant increase in Managed Services bookings for Q1 2021, up 75% compared to the same period in 2020. This growth follows the expansion of contracts with a Fortune 10 customer. Additionally, the company noted a record rise in its active SaaS customer base, particularly for its IZEAx Discovery tool, which more than doubled since March 2020. CEO Ted Murphy emphasized the company's commitment to aggressive growth and technological investment throughout 2021.
- Managed Services bookings for Q1 2021 are up 75% compared to Q1 2020.
- Record increase in active SaaS customer base, notably for IZEAx Discovery.
- Continued positive sales momentum with IZEAx Unity Suite, particularly in lower pricing tiers.
- None.
Orlando, Florida, March 19, 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 the company’s Managed Services bookings for Q1 2021 to date are now
Bookings are a measure of all sales orders minus any known or expected cancellations or refunds with respect to such sales orders or refunds. Management uses bookings to inform expectations of total sales activity. Bookings are not always an indicator of revenue for the quarter and could be subject to future adjustment. Revenue from Managed Services bookings are typically recognized over a 6-month period on average.
In addition to Managed Services growth, IZEA’s total active SaaS customer base increased to new record numbers in March 2021, largely driven by signups for IZEAx Discovery, the company’s self-service influencer discovery tool. The active customer count for IZEAx Discovery in March 2021 has more than doubled as compared to March 2020. The company is also seeing continued positive sales momentum with IZEAx Unity Suite new customer wins, particularly among the more affordable pricing tiers introduced last year.
“Team IZEA is focused on capitalizing on our momentum,” said Ted Murphy, IZEA’s Chairman and CEO. “We believe that 2021 will be a milestone year for our company and we intend to aggressively invest in growth in order to expand our technological capabilities and better service our customers.”
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 is the Q1 2021 booking growth percentage for IZEA?
How many active customers does IZEA have for its influencer discovery tool?
What did IZEA's CEO say about the company's focus for 2021?
Which major customer expanded its engagement with IZEA recently?
