IZEA Worldwide, Inc.

Managed Services bookings totaled $4.5 million, down 19% from the prior year quarter. Managed Services revenue was $5.8 million, down 36% from $9.1 million a year ago, while gross margins were described as relatively consistent with the prior year period despite lower revenue. Operating expenses were $3.3 million, down 18% year over year. The company reported a net loss of $0.7 million, or $(0.04) per share, versus net income of $1.2 million, or $0.07 per share last year; adjusted EBITDA was negative $0.4 million versus positive $1.3 million a year ago. Cash and cash equivalents were $46.6 million as of June 30, 2026, with no debt. Looking ahead, management said contract awards received in July support an expectation for improving activity in the second half of the year, though the timing of campaign launches will affect when that shows up in revenue; operating expenses are expected to remain relatively stable through the rest of the year.

Patrick Venetucci framed the quarter as another step in IZEA’s shift toward a more focused enterprise business, but said results fell short of original expectations. He pointed to macro uncertainty and a slower-than-expected transition from SMB to enterprise as the main headwinds, while stressing that enterprise client relationships are strong, engagement is at the highest level since he joined, and the company has a pipeline that includes multiple opportunities above $1 million in annual revenue. His tone was confident and strategic, emphasizing ZED, improved sales alignment, and acquisitions as part of building the leading enterprise creator marketing company.

Peter Biere said Managed Services bookings of $4.5 million were down 19% year over year, and revenue of $5.8 million was down 36%, mostly due to runoff from legacy non-core customers plus softer enterprise demand and delayed campaign timing. He said gross margins were relatively consistent with last year, operating expenses fell to $3.3 million from lower commission, payroll and related costs, and adjusted EBITDA was negative $0.4 million. Biere also highlighted $46.6 million of cash and cash equivalents, no debt, and $1.8 million spent repurchasing about 658,000 shares under the $10 million buyback authorization.

There was no analyst Q&A in the transcript; the call ended immediately after prepared remarks. The main management commentary in lieu of Q&A was that July contract awards have improved, but revenue recognition will lag bookings because Managed Services revenue is recognized over roughly seven months on average. Management also reiterated that enterprise customer engagement remains strong and that second-half activity should improve, although timing remains uneven.