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Sprout Social, Inc - SPT STOCK NEWS

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 global leader in social media management and analytics software. The company offers a cloud-based platform that unifies social messaging, data, and workflows into a single system of record, intelligence, and action. This allows brands to find, form, and deepen connections with their social audiences.

Sprout Social generates the majority of its revenue from software subscriptions, serving over 30,000 brands worldwide. Their intuitive platform provides comprehensive publishing and engagement functionality, customer care, influencer marketing, advocacy, and AI-powered business intelligence. Sprout’s software is compatible with all major social media networks and digital platforms.

One of the company's notable achievements is the creation of The Arboretum, a community platform that fosters industry connection and mentorship. Recently, Sprout Social introduced a mentorship program within The Arboretum, which has quickly grown to over 10,000 members. This initiative supports marketing and social media professionals by providing opportunities to expand their professional brands, optimize Sprout’s platform, and stay competitive in a fast-paced industry.

Sprout Social has received significant recognition, including being named the #1 Best Software Product by G2's 2024 Best Software Award. The company's recent launch of enhanced AI and automation features aims to improve social strategies and deepen customer connections, addressing challenges in content creation, reporting, and social care.

Financially, Sprout Social is focused on achieving durable, efficient growth. With a recent leadership transition appointing Ryan Barretto as the new CEO, the company aims to scale its business to $1 billion and beyond. This strategic leadership change is expected to drive future growth and innovation.

Sprout Social continues to leverage its social media profiles and investor relations website to communicate material information to investors and the marketplace. For the latest updates, visit sproutsocial.com.

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Sprout Social, Inc. (

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The 2024 Influencer Marketing Report by Sprout Social reveals that influencers significantly impact consumer purchasing decisions. Key findings include high trust in influencers, with 49% of consumers making purchases due to influencer posts. Gen Z consumers trust influencers more and are more likely to make frequent purchases. The report also highlights the emergence of AI influencers and consumer engagement preferences on various platforms.
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Sprout Social, Inc. announces CEO succession plan, with President Ryan Barretto set to become CEO on October 1, 2024, while current CEO Justyn Howard transitions to Executive Chair. Barretto, who joined in 2016, has played a key role in the company's growth from $30M ARR to over $385M in 2023.
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Sprout Social, Inc. will report its Q1 2024 financial results on May 2, 2024, after market close. The conference call and webcast will discuss business highlights at 4:00 p.m. CT. Online registration available.
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Sprout Social introduces mentorship program on The Arboretum platform for marketing and social media professionals, aiming to support career growth and industry connections. The program offers mentorship opportunities, educational resources, and networking events to members, fostering collaboration and professional development.
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Sprout Social, Inc. appoints Crystal Boysen as Chief People Officer to drive people-first organization and culture.
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Sprout Social, Inc. reported strong fourth quarter financial results with revenue of $93.6 million, a 34% increase year-over-year. The company achieved total revenue of $333.6 million for fiscal year 2023, up 31% from the previous year. Operating loss improved to $4.7 million from ($3.9) million in fiscal 2022. Sprout Social expects total revenue between $425.3 million and $425.5 million for 2024, showcasing a positive outlook for growth.
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Sprout Social launches Social Customer Care, enhancing customer engagement with AI and comprehensive case management solutions.
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Sprout Social announced an enhanced partnership with Reddit, providing deeper real-time data access to its users. With over 100,000 active communities and 70 million daily active users, Reddit offers valuable insights into public conversations, customer activity, brand and industry trends. This expanded offering aims to help organizations gauge brand health, implement proactive care strategies, and build better products. The new offering will be available to all Sprout customers by this summer.
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Sprout Social has been named the #1 Best Software Product by G2's 2024 Best Software Awards, marking the eighth consecutive year the company has been recognized. The company's recent investments in AI, new partnerships, and acquisitions have contributed to its success. Customer feedback highlights the platform's transformative impact on social media operations, time-saving features, improved analytics, and seamless integrations with other platforms.
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FAQ

What is the current stock price of Sprout Social (SPT)?

The current stock price of Sprout Social (SPT) is $32.45 as of December 20, 2024.

What is the market cap of Sprout Social (SPT)?

The market cap of Sprout Social (SPT) is approximately 1.9B.

What does Sprout Social, Inc. do?

Sprout Social, Inc. provides cloud-based social media management and analytics software, helping brands connect with their social audiences.

How does Sprout Social generate revenue?

Sprout Social generates the majority of its revenue from software subscriptions.

What is The Arboretum?

The Arboretum is Sprout Social's community platform that offers mentorship and networking opportunities for marketing and social media professionals.

Who is the new CEO of Sprout Social?

Ryan Barretto has been appointed as the new CEO, effective October 1, 2024.

What recent features has Sprout Social introduced?

Sprout Social has introduced AI and automation features to enhance content creation, reporting, and social care.

How many brands use Sprout Social's platform?

Over 30,000 brands use Sprout Social's platform.

What awards has Sprout Social received?

Sprout Social was named the #1 Best Software Product by G2's 2024 Best Software Award.

Where can I find more information about Sprout Social?

For more information, visit Sprout Social's website at https://sproutsocial.com.

What social media platforms is Sprout Social compatible with?

Sprout Social's software operates across all major social media networks and digital platforms.

How can I contact Sprout Social for media inquiries?

For media inquiries, contact Kaitlyn Gronek via email at pr@sproutsocial.com or phone at (773) 904-9674.

Sprout Social, Inc

Nasdaq:SPT

SPT Rankings

SPT Stock Data

1.88B
50.12M
1.65%
106.1%
9.17%
Software - Application
Services-prepackaged Software
Link
United States of America
CHICAGO