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 and Salesforce have announced a global partnership allowing Salesforce customers to utilize Sprout's comprehensive social media management suite. This collaboration will enable enhanced customer engagement, streamlined publishing workflows, and effective social analytics. With integrations into Salesforce's Service Cloud, Sales Cloud, and Slack, businesses can create a unified view of their customers. Ryan Barretto, President of Sprout, emphasized the partnership's potential to strengthen customer connections, while Salesforce aims to provide companies with a 360° customer view.
Sprout Social (Nasdaq: SPT) announced its participation in key investor events in March 2022, including:
- Keybanc Emerging Technology Summit on March 9 at 1:30 PM CT
- Morgan Stanley Technology, Media & Telecom Conference on March 10 at 3:50 PM CT
- Barclays Spring Virtual Software Tour on March 15 at Noon CT
Live webcasts will be available on the company's investor relations website, with archived replays afterward. Sprout Social offers cloud-based social media management solutions to over 31,000 brands worldwide, enhancing their digital marketing efforts.
Sprout Social reported a strong fourth quarter for 2021, achieving $53.3 million in revenue, a 43% increase year-over-year. The company’s Annual Recurring Revenue (ARR) reached $224.2 million, growing 42% from 2020. However, it faced a GAAP operating loss of $9.7 million, compared to $5.8 million the previous year. For Q1 2022, Sprout expects revenue between $56.1 million and $56.2 million, indicating 38% year-over-year growth. The company also anticipates a full-year revenue forecast of $249 million to $250 million.
New research from Sprout Social highlights significant trends in social commerce, projecting a potential $1.2 trillion market by 2025. A survey of nearly 1,000 U.S. consumers reveals that 68% have purchased through social media, with 98% planning to do so this year. Key findings include a strong preference for immersive shopping experiences like VR and AR, with 85% of users engaging in social shopping. Inclusivity is crucial, influencing 60% of shoppers. The data indicates that brands must integrate social commerce into their strategies to attract consumers and enhance revenue.
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Sprout Social (Nasdaq: SPT) will announce its fourth-quarter financial results for 2021 on February 22, 2022, after market close. A conference call to discuss these results is scheduled for the same day at 4:00 p.m. CT. Sprout Social offers cloud-based social media management solutions to over 30,000 brands worldwide, enhancing data-driven decision-making in social media strategies. The company's platform integrates analytics, management, and customer engagement across major social networks. For further details, visit their investor relations website.
Similarweb (NYSE: SMWB) has appointed Joe Del Preto, a seasoned executive with substantial experience in SaaS marketing solutions, to its board of directors. His expertise includes previous roles as CFO at Sprout Social and Global Controller at Groupon. CEO Or Offer emphasized Del Preto's capability to help drive Similarweb's mission to enhance digital business growth. This leadership change comes at a pivotal time for the company, enhancing its strategic direction as it continues to support businesses navigating digital markets.
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Sprout Social will present at the 24th Annual Needham Growth Conference on January 12, 2022, at 1:45 PM CT. CFO Joe Del Preto and Head of Investor Relations Jason Rechel will represent the company. A live webcast of the presentation will be available on their investor relations website, with an archived replay afterwards. Sprout Social is a leader in cloud-based social media management, serving over 30,000 brands globally, offering solutions that enhance social media engagement and analytics.
Sprout Social, a leading provider of cloud-based social media management software, will present at the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021, at 1:25 PM CT. President Ryan Barretto, CFO Joe Del Preto, and Head of Investor Relations Jason Rechel will speak at the event. A live webcast and an archived replay will be available on their investor relations website. Sprout Social serves over 30,000 brands and agencies, offering solutions to enhance social media engagement and customer connections.