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. develops cloud-based social media management and analytics software for brands that use social messaging, data, workflows and engagement tools across major social networks and digital platforms. Its platform includes publishing and engagement, customer care, influencer marketing, advocacy, social listening, analytics and AI-powered business intelligence.
Company news commonly covers subscription revenue trends, annual recurring revenue customer cohorts, remaining performance obligations, profitability measures, product launches such as Sprout AI, Trellis and NewsWhip by Sprout Social, partnerships with social platforms, research on social intelligence and consumer behavior, webinars, capital allocation actions and quarterly earnings announcements.
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.
Sprout Social has launched its rebranded Employee Advocacy solution, allowing brands to amplify their social media presence through employee participation. Over 68% of marketers are utilizing advocacy programs to increase brand awareness and lead generation. The solution allows users to manage social posts and track engagement metrics, enhancing brand outreach significantly. For example, Ivanti reported an increase from 1 million to 17 million in reach within six months, attributing $500k in earned media value monthly to this initiative.
Sprout Social announced a new integration with Salesforce Service Cloud, enhancing customer interaction management. This integration allows brands to manage social customer care requests within Service Cloud, enriching CRM profiles with social data for a comprehensive customer view. Additionally, it incorporates Salesforce's Marketing Cloud Intelligence, providing automated social insights for marketing dashboards. This partnership aims to meet evolving consumer behaviors and expectations, establishing Sprout Social as the preferred solution for Salesforce customers seeking an omni-channel customer experience.