Benzinga | Dec 29, 2020 02:17PM EST

IZEA Says Has Been Awarded New Influencer MArketing Contract With Fortune 100 Retailer; Says Contract Has Brought Q4 Managed Services Bookings Growth To 12% Annual Growth

Orlando, Florida, Dec. 29, 2020 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ:IZEA), the premier provider of influencer marketing technology, data, and services for the world's leading brands, announced today that it has been awarded a new contract for influencer marketing services from an existing customer who is a Fortune 100 retailer. The customer will be expanding its influencer marketing initiatives with IZEA in 2021. The contract, in combination with other recent wins, has now pushed IZEA's Managed Services bookings growth in Q4 2020 to a 47% increase, as compared to Q4 2019, despite the impact the pandemic has had on a portion of IZEA's historical customer base.



The surge of new Managed Services bookings in Q4 have allowed the company to more than offset the Managed Services bookings deficit created earlier this year. Annualized bookings have now grown 12% compared to 2019, despite multiple months of low sales and high cancellations experienced at the onset of the pandemic.

"We are thrilled to be able to deliver annual growth of Managed Services bookings during the most challenging and unpredictable year in our history," said Ted Murphy, IZEA's Chairman and CEO. "While we are winding down the 2020 calendar year, our team remains focused on maintaining our positive momentum and entering 2021 with the wind at our back."