IZEA Reports Q2 2024 Revenue of $9.1 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2024
0mins
Source: Globenewswire
Financial Performance: IZEA Worldwide, Inc. reported a 14.9% decrease in total revenue for Q2 2024, totaling $9.1 million, with Managed Services revenue down 16.6% to $8.9 million; however, SaaS Services revenue saw significant growth of 244.3%, reaching $0.2 million.
Operational Highlights: The company achieved multiple awards for its influencer marketing campaigns and launched an AI assistant named IZZY, while also reporting a record number of active SaaS customers, indicating a positive trend in their tech-enabled services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
