IZEA Worldwide Inc., a leading influencer marketing company, reported its financial results for the first quarter ending March 31, 2025. The company achieved a total revenue of $8.0 million, marking a 15% increase from $7.0 million in the same quarter of the previous year. Revenue from core operations, excluding Hoozu, rose by 23%. Managed Services revenue saw an 18% increase to $7.9 million, compared to $6.7 million in Q1 2024, despite a decline in Managed Services bookings to $7.5 million from $9.3 million. The company reported a net loss of $0.1 million, a significant improvement from the net loss of $3.3 million in Q1 2024. Total costs and expenses decreased by 22% to $8.6 million, down from $11.0 million. Adjusted EBITDA for the quarter was $(0.1) million, compared to $(3.4) million a year earlier. IZEA also shared updates on its business operations, including the recruitment of Frank Carvalho as EVP Sales and Marketing to drive new customer growth and marketing innovation. The company launched a new homepage for IZEA.com, highlighting its service offerings and key industry verticals. New business was secured from companies such as Nestle, Acer, and Jeep, and new work was produced for clients including Clorox and Coursera. As of March 31, 2025, the company held cash, cash equivalents, and investments totaling $52.2 million, reflecting a year-to-date growth of $1.1 million. Additionally, under its stock repurchase program, IZEA bought back 180,486 shares during the first quarter, investing $0.4 million, with a total of 401,480 shares repurchased by May 8, 2025.
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