IZEA Reports Q3 2026 Revenue of $6.2 million, 94% increase in Managed Services Bookings

ORLANDO, Fla., Nov. 12, 2026 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, reported its financial and operational results for the third quarter ended September 30, 2026.

Q3 2026 Financial Summary Compared to Q3 2025 * Revenue was $6.2 million, a decrease of $1.9 million, or 23%, from the prior-year period. While revenue from our three largest customers grew 21%, complemented by contributions from new customers, these gains were more than offset by lower revenues from other enterprise accounts, and the continued run-off of non-core small and mid-sized business ("SMB"), which contributed $1.2 million in the prior year * Managed Services bookings totaled $7.0 million, an increase of $3.4 million, or 94%, from the prior-year period, and 54% sequentially from the second quarter. The improvement reflected stronger booking activity across multiple enterprise relationships, with a broader group of customers making substantial commitments during the quarter * Total costs and expenses decreased 16% to $7.0 million, compared to $8.4 million, reflecting continued proactive cost management toward a more efficient structure aligned with our enterprise-focused business model * Net loss totaled $0.4 million, or $(0.03) per share, compared to net income of $0.1 million, or $0.01 per share * Adjusted EBITDA* for the quarter was $(0.2) million, compared to $0.4 million * Cash and equivalents totaled $46.4 million as of September 30, 2026, with no long-term debt Q4 2026 Financial Outlook For the fourth quarter of 2026, management is providing a revenue outlook to give investors greater visibility into how recent bookings are expected to convert to revenue. The Company expects: * Revenue between $7.5 million and $8.1 million; comparative quarterly growth between 24% and 34% This outlook primarily reflects contracted bookings and expected campaign timing and assumes a limited contribution from customer opportunities not yet under contract. The Company has not established a practice of providing regular financial guidance and undertakes no obligation to update this outlook.