IZEA Worldwide, Inc.

Ladies and gentlemen, greetings and welcome to the ICS first quarter 2026 earnings conference call. At this time, all participants are in listen-only mode. A brief question and answer session will follow the formal presentation. If anyone requires operator assistance during the conference, please signal the operator by pressing star and zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Sandra Carboni, SVP General Counsel and Corporate Secretary of IZEA, Inc. Please go ahead.

Good afternoon, everyone, and welcome to IZEA's earnings call covering the first quarter of 2026. I'm Sandra Carboni, SVP, General Counsel, and Corporate Secretary at ISEA, and joining me on the call are ISEA's Chief Executive Officer, Patrick Venitucci, and ISEA's Chief Financial Officer, Peter Beery. Thank you for being with us today. Earlier this afternoon, the company issued a press release detailing ISEA's performance during Q1 2026. If you would like to review those details, please visit our investor relations website at ISEA.com forward slash 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 measures of adjusted EBITDA and revenues excluding divested operations. 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. And with that, I would now like to introduce and turn the call over to IZEA's Chief Executive Officer, Patrick Venitucci. Patrick?

Thank you, Sandra, and good afternoon, everyone. In 2025, we made a deliberate strategic shift away from SMB accounts toward enterprise clients. Over the past 12 months, we intentionally exited a significant portion of our SMB business, which was characterized by smaller, non-recurring, and often unprofitable project work. This disciplined action reset our economic model, resulting in a net profit swing of $18.9 million during 2025. As expected, revenue in Q1 2026 declined year-over-year, primarily reflecting the impact of this transition. However, this quarter represents an important milestone, marking the completion of our exit from the SMB model and the full transition to an enterprise-focused business. Today, our client portfolio is predominantly composed of large enterprise brands, including Warner Brothers, Coursera, Nestle, Danone, Georgia Pacific, and Stellantis. We have meaningfully reduced our total number of accounts by more than one-third, while increasing the quality and scale of our relationships. Many of our largest clients are now recurring revenue streams that are more predictable and durable than our prior SMB mix. While we did experience a temporary slowdown across our top three accounts in the quarter, this was more than offset by rapid growth across newer enterprise clients and contributions from new business wins. We added clients such as Hulu, Asus, Garanimals, and Emiroth, and our pipeline remains healthy, giving us confidence about achieving growth for the year. Importantly, over the past 12 months, Our enterprise portfolio has grown at a healthy double-digit rate, outpacing overall industry growth. By streamlining our client base, we have increased average revenue per account by more than 33% and established a more consistent and scalable profitability profile at the account level. To support this trajectory, we've added a dozen new team members to our growth organization, lending deep influencer marketing expertise, with broader enterprise marketing experience. We continue to build momentum creatively and operationally. During the quarter, we delivered standout work for brands including Jeep, Warner Brothers, and Netflix. We also launched ZED, our proprietary creator economy marketing operations platform infused with AI, which we believe will further differentiate our capabilities and drive efficiency at scale. In parallel, we have been highly active in the M&A market, engaging with a number of potential acquisition targets that would expand our capabilities and accelerate our growth strategy. As we deepen and expand our presence within these enterprise client organizations, our role continues to evolve from vendor to strategic partner. We believe this positions IZEA to become an increasingly indispensable marketing partner to some of the world's leading brands. With that, I'll turn the call over to Peter Beery, our Chief Financial Officer, for a closer look at the financial results.