Welcome to our dedicated page for Sprout Social news (Ticker: SPT), a resource for investors and traders seeking the latest updates and insights on Sprout Social stock.
Sprout Social, Inc. (NASDAQ: SPT) is a provider of cloud-based social media management and analytics software, and the news flow around the company reflects its role at the intersection of social media, marketing technology and enterprise software. This page aggregates news about Sprout Social, including earnings announcements, product launches, research reports and recognition from third-party platforms.
Investors and analysts following SPT can expect quarterly financial results updates, typically released via press releases and accompanied by conference calls and webcasts. These announcements cover revenue trends, remaining performance obligations, non-GAAP metrics and guidance, and are often furnished to the SEC on Form 8-K. News items may also highlight customer metrics and examples of organizations using Sprout Social’s platform.
Beyond financial reporting, Sprout Social regularly issues news about product developments and integrations. Recent examples include the launch of Sprout AI and its Trellis AI agent, which are designed to turn social data into enterprise intelligence, and an integration with Canva that streamlines the path from design to social publishing. The company also reports on enhancements to its influencer marketing platform and social customer care capabilities.
Another recurring theme in Sprout Social’s news is industry recognition and research. Press releases have detailed awards from G2 and TrustRadius, leadership positions in analyst evaluations such as IDC MarketScape, and proprietary research like the Impact of Social Media Report and the Social Media Dictionary. These items provide context on how brands use social media for commerce, customer care and discovery, and how Sprout Social positions its platform in response.
For anyone tracking SPT, this news feed offers a centralized view of the company’s operational updates, strategic initiatives, research publications and industry accolades over time.
Sprout Social, Inc. (Nasdaq: SPT) reported strong fourth-quarter results for 2022, with revenue reaching $69.7 million, a 31% increase year-over-year. The company's Annual Recurring Revenue (ARR) grew 32% to $296.6 million. Despite a GAAP operating loss of ($13.1) million, non-GAAP operating income of $0.6 million marks an improvement. The company anticipates 31% revenue growth for Q1 2023, projecting total revenue of $75 million. For the full year, Sprout expects revenue between $332 to $333 million. The total number of customers also increased to 34,390, with significant growth in high-value customer segments.
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Sprout Social (Nasdaq: SPT) announced the acquisition of Repustate, enhancing its social media management platform with advanced sentiment analysis and natural language processing capabilities. This acquisition aims to bolster Sprout's customer care and social listening features through AI-driven technology. CEO Justyn Howard emphasized that this addition would deepen the company's technological offerings. CFO Joe Del Preto indicated that the financial impact is expected to be immaterial in the near term but anticipates positive contributions to medium-term growth targets from 2024 onwards.
Sprout Social has been recognized as one of the Best Places to Work in 2023 by Glassdoor for small and medium companies. This marks the fourth consecutive year the company has received this accolade, ranking 15th out of 50. The recognition is based on employee reviews regarding job satisfaction, work environment, and employer practices. CEO Justyn Howard emphasized the team’s resilience and commitment to fostering a thriving culture, especially amidst an uncertain job market.
Sprout Social, Inc. (Nasdaq: SPT) will announce its fourth-quarter financial results for 2022 on February 21, 2023, after market close. The company will hold a conference call and webcast at 4:00 p.m. CT to discuss these results and business highlights. Sprout Social provides social media management solutions to over 34,000 brands globally, enabling businesses to leverage social insights for growth. The event's details are available on Sprout's investor relations website, with a replay accessible for 12 months post-event.
Sprout Social, a leader in cloud-based social media management software, will have its senior management participate in the 25th Annual Needham Growth Conference on January 11, 2023, at 1:15 PM CT. A live webcast of the presentation will be available on the Sprout Social investor relations website, with an archived replay accessible for 90 days. The company serves over 34,000 brands and agencies globally, providing comprehensive social media solutions that integrate analytics and management across major platforms like Twitter, Facebook, Instagram, and others.
Sprout Social has announced a new integration with Tableau, enhancing data-driven decision-making by allowing users to combine social data from Sprout into Tableau. This integration is part of Sprout's broader global partnership with Salesforce, aimed at providing a 360-degree view of customer performance. This new feature facilitates the creation of customized dashboards, enabling organizations to leverage social insights for better customer understanding. The collaboration underscores the shared vision of both companies to empower brands in a competitive market.
Sprout Social (Nasdaq: SPT) will participate in the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2022, at 11:50 AM CT. The event will feature senior management discussing the company's strategic initiatives. Interested parties can access a live webcast on the investor relations website, with an archived replay available for 180 days post-event. Sprout Social provides cloud-based social media management solutions to over 34,000 brands, integrating insights from major platforms.
Sprout Social, Inc. (Nasdaq: SPT) reported Q3 2022 revenue of $65.3 million, a 33% increase year-over-year, with an Annual Recurring Revenue (ARR) of $271.3 million, also up 33%. Despite a GAAP operating loss of ($14.4) million, the company has raised its annual growth guidance, expecting continued strong performance in Q4. The projected total revenue for Q4 ranges from $69.8 million to $69.9 million, indicating 31% growth year-over-year. Cash and equivalents stood at $181.9 million as of September 30, 2022, marking a slight increase from the previous quarter.
Sprout Social, Inc. (Nasdaq: SPT) has announced its upcoming financial results for the third quarter ending September 30, 2022. The report will be released after market close on November 3, 2022. Following the release, a conference call and webcast will take place at 4:00 p.m. Central Time, providing insights into the Company's performance. Sprout Social serves over 33,000 brands globally, offering a comprehensive suite of social media management solutions. Investors can access the conference call through the Company’s investor relations website.