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IZEA — IZEA Worldwide News Story

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Influencer marketing firm IZEA's Q3 revenue falls

Overview

IZEA Worldwide Inc Q3 revenue declined to $8.1 mln vs $8.8 mln year ago

Net income for Q3 was $0.1 mln, compared to a $8.8 mln loss last year

Adjusted EBITDA improved to $0.4 mln

Company reduced costs by 54%, focusing on profitable, recurring accounts

Outlook

Company focuses on recurring, high-growth enterprise accounts for sustainable growth

IZEA invests in AI-powered features to enhance client campaign performance

Company sees double- and triple-digit growth among enterprise accounts

Result Drivers

MANAGED SERVICES REVENUE - Managed Services revenue increased 5% due to focus on larger, recurring accounts

COST REDUCTIONS - Total costs and expenses declined 54%, contributing to profitability

NEW BUSINESS WINS - Secured new business from Amazon, General Motors, and others, supporting growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$8.1 mln$10 mln (1 Analyst)
Q3 EPS$0.01
Q3 Net Income$100,000$1.72 mln (1 Analyst)
Q3 Adjusted EBITDA$400,000$1.70 mln (1 Analyst)
Q3 Cash & Investments$51.4 mln
Analyst Coverage The one available analyst rating on the shares is "strong buy" The average consensus recommendation for the online services peer group is "buy." Wall Street's median 12-month price target for IZEA Worldwide Inc is $10.00, about 47% above its November 11 closing price of $5.30 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago Press Release: ID:nGNX7CqyqY For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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