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GlobeNewswire·

IZEA Reports Q1 2026 Revenue of $6.6 Million, Strengthens Enterprise Client Base, Launches AI-Powered ZED Platform

IZEA
  • IZEA Worldwide reported Q1 2026 revenue of $6.6 million, an 18% decrease from $8.0 million in Q1 2025, driven by exiting small, unprofitable SMB accounts.
  • Managed Services bookings declined 17% to $6.3 million due to contract timing within large enterprise accounts expected to boost 2026 growth.
  • Total costs & expenses decreased 10% to $7.7 million, reflecting a normalized cost base positioned to scale with revenue.
  • The company recorded a net loss of $0.8 million ($0.04 per share) compared to a net loss of $0.1 million ($0.01 per share) in the prior year period.
  • Adjusted EBITDA was a loss of $0.5 million, compared to a loss of $0.1 million in Q1 2025.
  • Cash & equivalents totaled $46.5 million as of March 31, 2026, a decline of $4.4 million primarily due to working capital timing.
  • IZEA secured new business from Hulu, ASUS, Garanimals, & Emmi Roth during the quarter.
  • The company launched ZED, a proprietary AI-powered creator economy marketing operations platform.
  • IZEA executed high-impact campaigns for Warner Bros., Acer, Jeep, & Netflix Games.
  • The talent base was strengthened by 12 strategic hires, including VP of Creator Strategy & Innovation Lindsey Gamble.
  • CEO Patrick Venetucci stated the company completed its transition to an enterprise-focused business model to improve revenue quality & profitability.
  • The company has no outstanding long-term debt.
  • Under a $10 million stock repurchase program, IZEA purchased 523,268 shares for $1.3 million through March 31, 2026, with no purchases in the current quarter.
  • A conference call to discuss results was scheduled for May 12, 2026, at 5:00 p.m. ET, hosted by CEO Patrick Venetucci & CFO Peter Biere.
  • Revenue composition shifted to 100% Managed Services revenue ($6.55 million) with SaaS Services revenue dropping 67% to $20,061.