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 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 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.
Sprout Social announced a $100,000 contribution to the United Negro College Fund (UNCF) to establish the Sprout Social Scholarship Fund, providing eight merit-based scholarships of $11,000 each for Black/African American college seniors in computer science or software engineering.
This initiative aims to alleviate financial burdens and promote workforce opportunities, with recipients also having the chance to apply for full-time roles at Sprout starting summer 2022. The partnership emphasizes Sprout's commitment to enhancing diversity in STEM fields.
Summary not available.
Sprout Social (Nasdaq: SPT) announced it has surpassed $200 million in annual recurring revenue (ARR) and now serves over 30,000 customers globally. This milestone highlights the company's accelerated growth and market presence, with a doubling of ARR in approximately two years. CEO Justyn Howard and President Ryan Barretto emphasized the importance of customer focus and the execution of their teams. They anticipate continued progress and innovation as they engage with stakeholders during their first investor day.
Sprout Social announced a virtual event titled Untapped: Leaders Talk Opportunity on October 6, 2021, at 10 am CT. The event will feature keynote speakers Alexandra Waldman, Co-Founder of Universal Standard, and Alexis Ohanian, Founder of Seven Seven Six and former Reddit Executive Chair. They will share insights on identifying and seizing opportunities for impactful results. Justyn Howard, CEO of Sprout Social, will discuss the role of social media in future business growth. Registration is free and available online.
Sprout Social (Nasdaq: SPT) announced its first investor day on September 22, 2021, at 9 am CT. The virtual event will feature discussions on the company's vision, personnel, and products aimed at leveraging growth opportunities. Registration is available at sproutsocial.com/investor-day and the event will be webcast live. An archived replay will be accessible post-event at investors.sproutsocial.com.
Sprout Social serves over 29,000 brands globally, offering integrated social media management solutions.
Sprout Social (Nasdaq: SPT) has announced its participation in upcoming investor events. Management is scheduled to present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10 at 9:45 AM CST, followed by the Canaccord Genuity 41st Annual Growth Conference on August 11 at 8:30 AM CST, and the Keybanc Capital Markets Technology Leadership Forum on August 12 at 10:10 AM CST. Live webcasts will be available on Sprout's investor relations website, with archived replays following each presentation.
Sprout Social reported strong second quarter results for 2021, with total revenue of $44.7 million, up 42% year-over-year. The company achieved its first-ever quarterly non-GAAP profit, highlighting improved unit economics. Customer count increased to 29,612, marking a 45% rise in annual recurring revenue (ARR) to $189.1 million. The outlook for Q3 anticipates revenue between $47.3 million and $47.4 million, with an updated full-year revenue forecast of $182 to $182.6 million, reflecting 37% growth.