IZEA Worldwide, Inc. (NASDAQ:IZEA) Q2 2022 Earnings Conference Call August 15, 2022 5:00 PM ET
Company Participants
Ryan Schram - President, COO & Director
Peter Biere - CFO & Treasurer
Edward Murphy - Founder, Chairman & CEO
Conference Call Participants
Jon Hickman - Ladenburg Thalmann & Co.
Operator
Greetings. Welcome to IZEA Worldwide, Inc., Second Quarter 2022 Earnings Call. [Operator Instructions]. Please note this call is being recorded.
I will now turn the conference over to Ryan Schram, President and Chief Operating Officer. Thank you. You may begin.
Ryan Schram
Good afternoon, everyone, and thanks for joining us for IZEA's earnings call covering the second quarter of 2022. I'm Ryan Schram, President and Chief Operating Officer at IZEA. And joining me on the call is IZEA Chief Financial Officer, Peter Biere; and IZEA Founder, Chairman and Chief Executive Officer, Ted Murphy. We're glad to have you with us today.
Earlier this afternoon, the company issued a press release with details pertaining to our second quarter performance for the fiscal year 2022. If you'd like to review those details, all of our investor information can be found online on our Investor Relations website, at izea.com/investors.
Before we begin, please take note of the safe harbor paragraph included in today's press release covering the company's financial results and be advised that during today's earnings call our management team will discuss IZEA's financial outlook and make forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause our actual results to differ materially from expectations and the assumptions we mention today. We encourage you to consider the disclosures contained in our SEC filings for a detailed discussion of these risks and uncertainties. We undertake no obligation to update these statements as a result of new information or further events, except as required by law.
Our commentary today will also include the non-GAAP financial measure of adjusted EBITDA. Reconciliation between GAAP and non-GAAP metrics for our reported results can also be found in our earnings release issued earlier today as well as in our publicly available filings.
And with that, I'm pleased to turn things over to my colleague and IZEA's Chief Financial Officer, Peter Biere. Peter?
Peter Biere
Thank you, Ryan, and good afternoon, everyone. I'd like to review operating results and highlight our financial accomplishments for the second quarter.
Revenue for the second quarter of 2022 totaled $12.6 million, which was 96% higher than Q2 of 2021. Managed Services revenue totaled $12.2 million during the second quarter of 2022, a record for IZEA and 103% growth over the prior year quarter. We recorded $400,000 in net revenue from our SaaS offerings during the current quarter, down 5.6% from the prior year quarter.