Izea Worldwide Inc Stock Price, News & Analysis

IZEA Worldwide announced the appointment of Peter J. Biere as Chief Financial Officer, effective April 1, 2021. Biere brings over 25 years of experience in financial leadership and the software industry. Previously, he served as CFO at BSQUARE and Dreambox Learning, and played a significant role in managing corporate finances and financial systems. CEO Ted Murphy expressed enthusiasm for Biere's addition to the executive team, noting his expertise in M&A and building finance teams will contribute to IZEA's growth momentum.

IZEA Worldwide has partnered with DASH Brand Management, bringing their roster of influencers to IZEA's Talent Partner Program. This collaboration aims to enhance influencer marketing by providing brands with access to a diverse range of talents across social media platforms. DASH, founded in 2017, boasts over 75 million monthly pageviews and reaches 37 million social media users. This partnership is expected to facilitate effective brand-influencer collaborations and improve campaign management, marking a significant step in the evolving creator economy.

IZEA Worldwide, Inc. (NASDAQ: IZEA) has announced the launch of The IZEA Partner Program (IPP), a first-of-its-kind initiative aimed at enhancing influencer marketing services. This program unites top Solution Providers and Talent Representation agencies to integrate with IZEA's Managed Service offerings and software platforms like Shake and IZEAx Unity Suite. The partnership aims to improve access to influencer talent, boost brand engagement, and leverage innovative technologies for clients. IZEA serves leading brands, having facilitated nearly 4 million transactions since its inception.

IZEA Worldwide, Inc. (NASDAQ: IZEA) announced a conference call scheduled for March 30, 2021, at 5:00 p.m. EDT to discuss its fourth quarter and full year 2020 financial results. Key executives including Chairman and CEO Ted Murphy will lead the discussion, followed by a Q&A session. Interested parties can access the call via toll-free and international dial-in numbers. A replay will be available post-call. IZEA is focused on influencer marketing technology, having facilitated nearly 4 million transactions since its inception in 2006.

IZEA Worldwide, Inc. (NASDAQ: IZEA) has launched the Shake Parade of Stars, a 45-day online event showcasing mega-influencers with over 1 million followers. The event features a new influencer each business day, introducing them to the Shake marketplace, which allows marketers to hire creators for influencer marketing and other services. Influencer announcements will be made daily via IZEA's Twitter. The initiative aims to increase collaboration opportunities with talented creators, enhancing IZEA's influencer marketing capabilities.

IZEA Worldwide reported a remarkable 60% year-over-year growth in Managed Services bookings for Q1 2021, surpassing total bookings from Q1 2020. This growth follows a 48% increase noted in Q4 2020 compared to the previous year. Major contracts were awarded this week from leading companies, including a Fortune 10 firm. While bookings indicate sales potential, they do not directly equate to revenue for the quarter, which is typically recognized over six months. IZEA's CEO noted a shift in marketing strategy, emphasizing the rising importance of influencer marketing.

IZEA Worldwide reported a significant increase in Managed Services bookings for Q1 2021, which are now 45% higher than the total for Q1 2020. This follows record bookings in Q4 2020, driven by contracts from new and existing Fortune 200 customers. Additionally, the active SaaS customer base has doubled compared to February 2020, with notable growth in the IZEAx Discovery tool. Despite acknowledging a near-term negative impact on licensing revenue due to lower pricing, IZEA anticipates long-term revenue growth opportunities.

IZEA Worldwide has announced a strong start to Q1 2021, reporting over 20% year-over-year growth in Managed Services bookings, which have already surpassed total bookings for Q1 2020 with five weeks remaining. The firm attributes this success to contract expansions from existing clients, including two Fortune 200 companies and a military branch. IZEA's bookings grew 48% in Q4 2020 compared to the same quarter in 2019. Future revenue from these bookings is typically recognized over a six-month period.

IZEA Worldwide announced that Shake becomes the first influencer marketing platform supporting Clubhouse, a social audio app. Users can now submit listings for sponsored conversations on Clubhouse. With nearly four million downloads recently, Clubhouse has attracted public figures like Elon Musk and Oprah Winfrey. Shake, which allows creators to set their prices for services, recently completed a $40,000 TikTok sponsorship. IZEA aims to lead in social audio marketing, positioning itself as a pioneer in this evolving space.