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 (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.
Summary not available.
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.
Sprout Social announced the integration of Yelp into its review management capabilities, enhancing its platform for users to manage online reviews efficiently. With 86% of consumers reading online reviews and 91% of younger consumers trusting them, this feature is crucial for businesses seeking to improve their online reputation. Sprout's President, Ryan Barretto, emphasized the growing need for effective review monitoring as businesses scale. Launched in 2019, Sprout's review management now supports multiple platforms alongside Yelp, strengthening its offerings to over 30,000 global brands.
Sprout Social announced the integration of WhatsApp messaging into its platform, enhancing its offerings alongside existing Facebook and Instagram messaging solutions. This makes Sprout one of the few global providers with comprehensive messaging capabilities for businesses.
With messaging becoming increasingly vital, 76% of consumers now follow brands for customer support on social media. The integration aims to provide businesses with seamless customer interactions and support workflows. Launch is planned by year-end, expanding Sprout’s role in business messaging.
Sprout Social, Inc. (Nasdaq: SPT) reported a 46% revenue increase in Q3 2021, reaching $49.1 million. Annual Recurring Revenue (ARR) grew by 44% to $204.6 million. The company has 30,705 customers, a 20% growth year-over-year. Despite a GAAP operating loss of ($6.8 million), the non-GAAP operating loss improved to ($1.6 million), down from ($4.4 million a year ago. For 2021, the company anticipates total revenue of $185.8 to $185.9 million, showing an expected 40% growth.
Sprout Social has released insights on trends impacting the retail industry this holiday season, derived from social media conversation data. With a notable 42% increase in Twitter discussions regarding pop-up stores, brands are encouraged to enhance in-store experiences and complement them with robust online strategies. 93% of executives recognize a shift towards social commerce, with 36% of consumers already purchasing via social media. The influence of younger consumers is evident as they drive trends like second-hand shopping, projected to reach $77 billion by 2025.
Sprout Social (Nasdaq: SPT) announced it will report its financial results for Q3 2021 on November 2, 2021, after market close. The report will include key business highlights and will be discussed in a conference call at 4:00 p.m. CT (5:00 p.m. ET).
This conference can be accessed via online registration, and the live webcast will be available on its investor relations website. A replay will be accessible for 12 months.