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 reported a strong second quarter for 2020 with total revenue of $31.4 million, a 27% increase year-over-year. The company has raised its full-year revenue guidance to between $128 million and $130.5 million, reflecting a projected growth of 26% at midpoint. The number of customers rose to 24,356, and those contributing over $10,000 in ARR increased by 54%. However, GAAP net loss was ($8.3 million), and cash reserves decreased to $129.5 million.
Sprout Social (Nasdaq: SPT) announced it will disclose its financial results for Q2 2020 after market closure on August 5, 2020. The company will host a conference call at 4:00 p.m. CT (5:00 p.m. ET) to discuss the results and business highlights. Callers from the U.S. can dial (877) 658-9099, while international participants can use (602) 563-8734 with conference ID 2484995. A replay will be available until August 12, 2020. Sprout Social provides social media management solutions to over 24,000 brands and agencies globally.
Sprout Social (Nasdaq: SPT) announced upcoming virtual presentations by its executives at notable investor conferences. CEO Justyn Howard, CFO Joe Del Preto, and SVP of Global Sales Ryan Barretto will present at the Stifel Virtual Cross Sector Insight Conference on June 9 at 11:20 a.m. ET and at the William Blair 40th Annual Growth Stock Conference on June 10 at 8:00 a.m. CT. Live webcasts will be accessible on Sprout's investor relations website, with archived replays available post-event. Sprout Social provides comprehensive social media management solutions for over 24,000 brands globally.
Sprout Social (Nasdaq: SPT) reported strong first quarter 2020 results, achieving total revenue of $30.5 million, a 31% year-over-year increase. Organic revenue grew by 41%, driven by a robust customer base now totaling 24,083. Despite a GAAP net loss of $10.5 million, the company revised its revenue guidance for 2020 to between $125.5 million and $130.5 million, reflecting a 25% growth mid-point. The outlook considers ongoing market conditions and the impact of COVID-19.
Sprout Social's 2020 Index reveals crucial trends in social media marketing. Nearly 90% of consumers prefer brands they follow on social media, with 75% increasing spending on these brands. Despite recognizing social media’s impact, marketers struggle to measure ROI effectively. Key objectives include boosting brand awareness (69%) and web traffic (52%). Additionally, timely responses are crucial, with 40% of consumers expecting replies within an hour. Visual platforms like Instagram and YouTube are favored by younger consumers, indicating shifts in engagement strategies that businesses must adapt to.