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ORLANDO, FL (October 11, 2022) - IZEA Worldwide, Inc.(NASDAQ: IZEA), a leading global provider of online marketing technology, data and services for leading brands, today announced that its Full Service Managed Services team's third quarter 2022 of $8.2 million in total contract bookings, down from $11.3 million in the third quarter of 2021.

"Like many companies in the social and digital marketing space, IZEA was impacted by the macroeconomic downturn in the third quarter," said Ted Murphy, CEO and founder of IZEA. "Signings were slower than we expected based on the momentum of the first half of the year, especially for new clients. However, we saw cancellations fall to the lowest level in two years, with less than $100,000 in cancellations for the quarter. We are not seeing a repeat of the early impact of the COVID-19 outbreak on business."

"As the quarter progressed, we ended with a strong September - our second best month of the year so far," Murphy continued. "We also saw new customer opportunities hit an all-time high in the third quarter, up 40 percent over the new opportunities we generated in the third quarter of 2021. We expect these new opportunities to drive our performance in the fourth quarter of 2022 and the first quarter of 2023. While we remain cautious about the impact of the economic slowdown, we believe that online marketing will continue to grow as a percentage of brand marketing spend."

Bookings are a measure of all sales orders less any known or expected cancellations and refunds related to such sales orders. Management uses bookings to inform expectations of total sales activity. Bookings are not always an indicator of revenue for the quarter and may be subject to future adjustment. Revenue from fully managed service bookings is typically recognized over an average of nine months.

ABOUT IZEA GLOBAL influencer MARKETING

IZEA Worldwide, Inc. ("IZEA") is a marketing technology company that provides software and professional services that enable brands to collaborate and transact with the full range of today's socially influential online KOLs and content creators. The company is a pioneer in the evolving commercialization of content, enabling self-publishers to create value through their content, creativity and influence. IZEA launched the industry's first influencer content marketing platform in 2006 and has since facilitated nearly 4 million transactions between online brand buyers and influencer content creators. Leading brands and agencies worldwide have partnered with IZEA to drive social media engagement rates, diversify brand voice, expand content production and drive measurable return on investment.

Safe Harbor statement

All statements in this press release that are not based on historical facts are "forward-looking statements" and are intended to qualify under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain projections and describe future plans, strategies and expectations. 前瞻性陈述通常可以透过使用前瞻性字词识别,例如”可能“、”将会“、”或会“、”应 ", "expect", "anticipate", "hope", "estimate", "anticipate", "expect", "anticipate", "expect", "expect", "expect", "expect", "expect". "anticipate", "believe", "intend", "have the opportunity", " project", "plan", "seek", "strategy", or "future ", or the antonyms of these words, or other words or expressions of similar meaning. Examples of forward-looking statements include, but are not limited to, statements we make about IZEA's ability to increase revenue and bookings, grow or maintain customer relationships, and expectations regarding IZEA's business strategy. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements due to factors including, but not limited to, the following: competitive conditions in the content and social sponsorship areas in which IZEA operates, the inability to promote one or more of IZEA's marketing marketplaces, our ability to develop effective disclosure controls and procedures and internal controls over financial reporting, our ability to meet the requirements of the NASDAQ our ability to meet the requirements for continued listing of our common stock on the Nasdaq Capital Market, economic conditions that are less favorable than anticipated, and other risks and uncertainties described in IZEA's periodic reports filed with the Securities and Exchange Commission. The forward-looking statements in this press release are made solely for purposes of The forward-looking statements in this press release speak only as of the date of this press release and IZEA undertakes no obligation to update any such forward-looking statements to reflect actual results or anticipated changes, unless otherwise required by law.

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