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Dec 31, 2020
IZEA Q4 2020 Earnings Report
IZEA experienced revenue growth and improved profitability, driven by Managed Services, while transitioning its SaaS pricing model.
Key Takeaways
IZEA Worldwide, Inc. reported a 10% increase in total revenue to $6.4 million for Q4 2020, driven by a 17% increase in Managed Services revenue. The company also saw substantial improvements in net loss and Adjusted EBITDA.
Total revenue increased by 10% compared to Q4 2019.
Managed Services unit revenue increased by 17% year-over-year.
SaaS Services unit revenue decreased by 34% year-over-year.
Net loss improved by more than 50% compared to Q4 2019.
IZEA
IZEA
IZEA Revenue by Segment
Revenue by Segment
Managed Services Revenue
CapyFin.comSaaS Services Revenue
CapyFin.com Forward Guidance
IZEA is making strategic investments in technology, marketing, and people to aggressively grow in 2021 and beyond, aiming to capture a larger share of the influencer marketing industry.
Positive Outlook
- Strategic investments in technology
- Strategic investments in marketing
- Strategic investments in people
- Aggressive growth in 2021 and beyond
- Aiming to capture a larger share of the influencer marketing industry