IZEA Worldwide, Inc. (NASDAQ:IZEA) Q4 2023 Earnings Conference Call April 1, 2024 5:00 PM ET
Company Participants
Ryan Schram - President and COO
Peter Biere - CFO
Ted Murphy - Founder, Chairman and CEO
Conference Call Participants
Jon Hickman - Ladenburg Thalmann
Operator
Greetings, and welcome, everyone, to the IZEA Worldwide, Inc. Fourth Quarter 2023 Earnings Call. [Operator Instructions]. As a reminder, this conference is being recorded.
I would now like to turn the conference over to your host, Ryan Schram, President and Chief Operating Officer. Please go ahead.
Ryan Schram
Good afternoon, everyone, and welcome to IZEA's earnings call covering the fourth quarter of 2023. I'm Ryan Schram, President and Chief Operating Officer at IZEA. And joining me on the call are IZEA's Chief Financial Officer, Peter Biere; and IZEA's Founder, Chairman and Chief Executive Officer, Ted Murphy. Thanks for being with us today.
Earlier this afternoon, the company issued a press release detailing IZEA's performance during Q4 2023. If you would 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 IZEA's financial results and be advised that some of the statements that we make today regarding our business, operations and financial performance may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. We encourage you to consider the disclosures contained in our SEC filings for a detailed discussion of these factors.
Our commentary today will also include the non-GAAP financial measure of adjusted EBITDA. Reconciliations between GAAP and non-GAAP metrics for our reported results can also be found in our earnings release issued earlier today and in our publicly available filings.
With that, I would now like to introduce and turn the call over to IZEA's Chief Financial Officer, Peter Biere. Peter?
Peter Biere
Thank you, Ryan, and good afternoon, everyone.
I'll review operating results for the quarter ended December 31, 2023, compared to the prior year's quarter and discuss certain balance sheet highlights. Total revenue for the fourth quarter of 2023 was $8.9 million, 1% higher than the prior year quarter. Managed Services revenue totaled $8.8 million during the fourth quarter of 2023, which was $0.4 million or 4.2% higher than the fourth quarter of 2022.