Welcome to our dedicated page for IZEA Worldwide news (Ticker: IZEA), a resource for investors and traders seeking the latest updates and insights on IZEA Worldwide stock.
IZEA Worldwide, Inc. (NASDAQ: IZEA) is the premier technology platform that bridges the gap between marketers and influential creators. Headquartered in Winter Park, Florida, with additional offices in Los Angeles, San Francisco, Chicago, and Toronto, IZEA specializes in automating influencer marketing and bespoke content creation.
Through its innovative platform, IZEA connects brands with a diverse array of social influencers, ranging from leading bloggers and social media personalities to A-list celebrities and professional journalists. These creators are compensated for producing and distributing text, videos, photos, and status updates through social media channels, providing marketers with influential content and engaging stories that drive brand awareness.
IZEA's core offerings include The Creator Marketplace, IZEA Flex, and Full-Service Influencer Marketing, which empower brands to engage and transact with a wide spectrum of social influencers. Serving as a champion for the Creator Economy, IZEA has facilitated nearly 4 million transactions between online buyers and sellers since launching the industry's first-ever influencer marketing platform in 2006.
In recent developments, IZEA announced the launch of Quadra, a new generative image model available in FormAI, its suite of AI tools specifically designed for influencer marketing. Quadra offers higher-resolution and lifelike images, enhancing the representation of human characteristics such as eyes, teeth, and hands. The introduction of Quadra marks a significant step forward in IZEA’s commitment to leveraging AI for improved content quality and faster image generation.
IZEA's influence extends globally, with geographic reach across North America, APAC, and beyond. The company continues to drive innovation and growth through strategic partnerships, cutting-edge technology, and a strong focus on scaling content production and digital engagement for leading brands and agencies.
To stay updated on IZEA's latest news and developments, visit izea.com or follow them on X.com/izea.
IZEA Worldwide, Inc. (NASDAQ: IZEA) has expanded its client base by adding two Fortune 500 companies, enhancing its influencer marketing capabilities. The new clients include a food wholesaler as a software customer and an entertainment company for managed services. The firm reported an all-time high in SaaS licensing customer count for Q2 and exceeded that number in Q3. Additionally, July 2021 marked record bookings for managed services, surpassing Q3 2020 totals. Bookings, while a key sales indicator, are not directly tied to quarterly revenue.
IZEA Worldwide, Inc. reported a 109% increase in total revenue for Q2 2021, totaling $6.5 million, compared to $3.1 million in Q2 2020. Managed Services revenue rose 146% to $6.1 million, while SaaS Services revenue fell 34% to $425,000. Total expenses increased 74% to $8.6 million, with a net loss of $0.1 million, an improvement from a loss of $1.8 million year-over-year. Managed Services bookings grew by 187%, while the company raised $12.2 million through an offering. IZEA continues to focus on expanding its customer base and enhancing its product offerings.
IZEA Worldwide is collaborating with PlaceIQ to enhance influencer marketing by integrating real-world attribution into campaigns. This partnership enables brands to measure offline actions taken by consumers after engaging with influencer content. Notably, a recent campaign resulted in over 30,000 in-store grocery visits, generating approximately $1.6 million in sales. This collaboration aims to bridge the gap between online impressions and offline consumer behavior, providing actionable insights for brands navigating the post-pandemic landscape.
IZEA Worldwide, Inc. (NASDAQ: IZEA) is set to host a conference call on August 12, 2021, at 5:00 p.m. EDT, to discuss its first quarter financial results. The call will be led by CEO Ted Murphy, CFO Peter Biere, and COO Ryan Schram, followed by a Q&A session. Interested participants are advised to call five minutes prior to the start. A replay will be available from 8:00 p.m. EDT the same day until August 19, 2021. IZEA specializes in connecting brands with content creators and has facilitated nearly 4 million transactions in the creator economy.
IZEA Worldwide has secured a mid six-figure influencer marketing contract from a Fortune 100 Company, marking a significant expansion within the customer’s umbrella. The contract focuses on enhancing consumer adoption of a new children’s entertainment property through influencer engagement across platforms like TikTok and Instagram. July 2021 has been noted as IZEA's best month for Managed Services bookings, exceeding all of Q3 2020. IZEA will announce its Q2 net income and cash flow results on August 12, 2021, as part of its quarterly earnings release.
IZEA Worldwide, Inc. (NASDAQ: IZEA) has secured a new contract with a leading social media platform to manage an influencer marketing campaign for a Fortune 100 apparel company. The mid-six figure agreement enables IZEA to provide comprehensive execution of influencer programs. In Q2 2021, Managed Services bookings rose 187% to $11.1 million compared to $3.9 million in Q2 2020. IZEA plans to announce its Q2 financial results on August 12, 2021, which will include net income and cash flow figures.
IZEA Worldwide, Inc. (NASDAQ: IZEA) has announced a $1 million contract expansion with a Fortune 500 consumer electronics manufacturer. This follows a successful start to Q3 2021, with Managed Services bookings increasing by 187% to $11.1 million in Q2 2021 compared to $3.9 million in Q2 2020. The company is set to release its Q2 financial results on August 12, 2021. Although bookings do not directly translate to revenue, they reflect the strong demand for IZEA's services in influencer marketing.
IZEA Worldwide, Inc. (NASDAQ: IZEA) has secured a mid-six figure managed services contract from a Fortune 200 client, marking its third and largest expansion since Q2 2020. This agreement involves executing influencer marketing campaigns to promote DIY and home improvement products across platforms like Instagram, Pinterest, and YouTube. Notably, Managed Services bookings surged by 187% year-over-year, amounting to $11.1 million in Q2 2021. The company is set to release its complete financial performance during its Q2 earnings report on August 12, 2021.
IZEA Worldwide, Inc. (NASDAQ: IZEA) reported a record for Managed Services bookings in Q2 2021, achieving $11.1 million, a 187% increase from $3.9 million in Q2 2020. The company added numerous new influencer marketing customers, including Fortune 500 brands, and experienced strong repeat business from existing clients. IZEA's total active software customer base more than doubled since June 2020. While bookings are a key sales metric, revenue recognition will vary, with financial results to be announced on August 12, 2021.
IZEA Worldwide, Inc. (NASDAQ: IZEA) announced its inclusion in the Russell Microcap Index, effective June 28, 2021. This membership signifies a year-long position in the index, enhancing visibility and reflecting IZEA's positive momentum. The Russell indexes are essential benchmarks for investment strategies, with around $10.6 trillion in assets linked to them. CEO Ted Murphy highlighted this milestone as a critical aspect of IZEA's growth strategy, aiming to leverage the increased exposure to drive further business development.
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