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 has announced the restoration of employee salaries to pre-COVID levels effective July 1, 2020. This decision follows earlier reductions of 19-21% implemented during the pandemic. CEO Ted Murphy expressed gratitude for employee sacrifices and noted a positive outlook as the company anticipates growth in managed services bookings. Additionally, IZEA raised $13.1 million through an at-the-market offering, strengthening its financial position. The company remains committed to a fully remote work model until conditions improve.
IZEA Worldwide, Inc. (NASDAQ: IZEA) has launched Shake™, an innovative online marketplace allowing creators to sell their digital services for self-determined prices. This platform empowers influencers, photographers, writers, and musicians to connect directly with marketers and buyers. The new offering transforms IZEA's marketplace model from a private agency-focused platform to a public one, promoting broader marketing engagement. Early access for creators begins today, with a preview call scheduled for June 18, 2020, to discuss Shake's features and potential.
IZEA Worldwide, Inc. (NASDAQ: IZEA) will host a conference call on June 18, 2020, at 5:00 p.m. ET to discuss a special announcement set for June 12, 2020. The call will be led by CEO Ted Murphy, who will conduct a Q&A session post-announcement. Participants are encouraged to join five minutes early. A replay will be accessible from 8:00 p.m. ET on June 18 through June 25, 2020. IZEA specializes in connecting marketers with content creators through its platform, IZEAx, providing automated influencer marketing and content development services.
IZEA Worldwide has secured renewed commitments from two prominent retailers, including a Fortune 10 company, marking their first spending since the COVID-19 pandemic began. The reactivation of contracts comes as a positive indicator for IZEA, suggesting a recovery in marketing efforts. In May, IZEA reported contracts totaling $1 million. The company anticipates growth in managed services bookings for Q2 2020, attributing new client commitments to shifting economic conditions. IZEA operates an online marketplace, IZEAx, connecting marketers with content creators.
IZEA Worldwide secured a significant six-figure contract with a Fortune 500 customer for influencer marketing managed services. Additionally, the company reported contract renewals with existing Global Fortune 500 clients. CEO Ted Murphy noted that the marketing landscape has shifted towards social media, increasing confidence in influencer marketing investments. Despite initial downturns from COVID-19, IZEA is seeing a recovery, with managed services bookings above pre-pandemic levels, and signs of recovery in its SaaS business as businesses reopen.
IZEA Worldwide has announced a new partnership with a Fortune 500 insurance company for influencer marketing services. The company also expanded relationships with a Fortune 100 food manufacturer and a billion-dollar furniture manufacturer. Despite challenges posed by the pandemic, Q2 2020 bookings for managed services have surpassed those of Q2 2019. IZEA reported a significant uptick in recent bookings, even achieving a 14-day average above pre-COVID levels. However, future bookings may slow due to potential cancellations.
IZEA Worldwide released its first annual report analyzing influential brands in the cold cereal market, examining over 439 million social media posts from May 2019 to April 2020. Key findings highlighted Kellogg's Rice Krispies as the leader in share of voice (26.1%) and organic content mentions, while Cheerios had the highest sponsored content volume. The report underscores the increasing importance of influencer marketing, especially during the pandemic, with a notable rise in engagement rates and organic posts as consumers turned to social media.
IZEA Worldwide reported Q1 2020 financial results with total revenue flat at $4.8 million. Managed Services revenue grew 7% to $4.1 million, while SaaS Services revenue fell 36% to $583,000. Total costs surged to $10.9 million, primarily due to a $4.3 million impairment of goodwill. Net loss widened to $6.2 million from $1.8 million in Q1 2019. Despite COVID-19 impacts, average bookings trends show recovery. The company also secured a $1.9 million loan under the Paycheck Protection Program to support payroll.
IZEA Worldwide, Inc. released a study titled "Open for Business: Consumer Intent as States Lift COVID-19 Restrictions," examining consumer behavior amid varying state restrictions. The survey conducted from May 6-7, 2020, included responses from 1,214 U.S. Internet users aged 18-60+. Key findings indicate that 62.9% of respondents ventured out for essentials during stay-at-home orders, and significant Internet usage changes emerged, with 75% of consumers spending more time online. The report highlights the potential challenges smaller retailers face and the opportunities for those adopting online strategies.
FAQ
What is the current stock price of IZEA Worldwide (IZEA)?
What is the market cap of IZEA Worldwide (IZEA)?
What does IZEA Worldwide, Inc. do?
Where is IZEA headquartered?
What are IZEA's core services?
What is Quadra?
How many transactions has IZEA facilitated?
What geographic areas does IZEA serve?
How can I stay updated with IZEA's news?
What is the Creator Marketplace?
Who are the key executives at IZEA?
How can brands benefit from working with IZEA?
