Influencer marketing firm IZEA's Q3 revenue falls
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IZEA Worldwide Inc reported a decline in Q3 revenue to $8.1 million from $8.8 million year-over-year, with a net income of $0.1 million compared to an $8.8 million loss last year. The company reduced costs by 54% and improved adjusted EBITDA to $0.4 million. IZEA is focusing on high-growth enterprise accounts and investing in AI features to enhance campaign performance. The stock has a "strong buy" rating, with a 12-month price target of $10.00, reflecting a potential 47% increase from its recent price of $5.30.
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