IZEA Worldwide Q3 revenue falls 23% on SMB decline
Overview
Influencer marketing firm's Q3 revenue fell 23% yr/yr as non-core SMB revenues declined
Company posted Q3 net loss and negative adjusted EBITDA, down from profit a year ago
Managed services bookings rose 94% yr/yr, reflecting stronger enterprise customer activity
Outlook
IZEA expects Q4 2026 revenue between $7.5 mln and $8.1 mln
Company says Q4 outlook reflects contracted bookings and expected campaign timing
IZEA does not plan to provide regular financial guidance or update this outlook
Result Drivers
SMB RUN-OFF - Co said revenue decline was mainly due to continued run-off of non-core SMB customers, which contributed $1.2 mln in prior yr
ENTERPRISE CUSTOMER MIX - Revenue from top three enterprise customers grew 21%, but was outweighed by lower revenue from other established enterprise accounts
COST MANAGEMENT - Total costs and expenses fell 16% yr/yr, driven by reduced headcount and lower incentive compensation
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $6.2 mln | ||
Q3 Net Loss | $443,940 | ||
Q3 Adjusted EBITDA | -$213,017 |
Analyst Coverage
The stock recently traded at 81 times the next 12-month earnings vs. a P/E of 126 three months ago
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(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.)