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IZEA Reports All-Time Record Quarterly Bookings of $9.5 Million for Third Quarter 2018

IZEA
Worldwide, Inc. (NASDAQ: IZEA),
operator ofA IZEAxA®, the premier online marketplace connecting brands and
publishers with influential content creators, reported total bookings of
$9.5 million for the third quarter of 2018, a 20% increase compared to
$7.9 million in the same quarter of the prior year.


Total bookings are a measure of all sales orders, plus platform spend by
self-service customers, minus any known or expected cancellations or
refunds with respect to such sales orders or refunds. Management uses
bookings to inform expectations of total sales activity. Subsequent
revenue recognition and effective margins vary by revenue stream, and
bookings are not always an indicator of revenue for the quarter and
could be subject to future adjustment.


"We are excited by the momentum we have coming out of the third
quarter,a?? said Ted Murphy, IZEAa??s Chairman and CEO. "Managed Services
bookings saw a strong rebound from the previous quarter and were up 62%
from Q2 to $4.4 million in Q3. The concentrated effort we have put
towards building and diversifying our pipeline over the past several
quarters is beginning to pay off. Our new opportunity pipeline value to
date is up 32% year-over-year, with a 50% increase in the overall number
of opportunities during that same period. This is our fourth consecutive
quarter of year over year pipeline growth.a??


"In addition to the rebound we saw in Managed Services, we also booked
$1.6 million under SaaS license contracts in Q3 2018 as a result of our
acquisition of TapInfluence as well as growth in IZEAx licensing,a??
continued Murphy. "We have had zero churn from IZEAx customers signed
this year and continue to see an increase in IZEAx marketplace spend
each quarter. As we look to the future, recurring SaaS licensing fees
and marketplace spend will be an increasing focus of our team and we
expect it will begin to represent a larger portion of both bookings and
revenue.a??


IZEA plans to provide financial results for the third quarter on
November 14, 2018.
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