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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.

Overview

Sprout Social Inc (SPT) is a cloud software company that revolutionizes the way brands manage, analyze, and engage with their social audiences. The company’s platform integrates social messaging, data, and workflows into a centralized and secure system that acts as a single source of record for social media activity. With industry-specific features and advanced analytics, Sprout Social empowers companies to make strategic decisions, drive smarter engagement, and optimize their digital presence.

Core Business and Technology

The platform is designed to scale horizontally across large organizations, making it a vital tool for enterprise social media management. Its comprehensive suite includes publishing tools, customer care modules, influencer marketing functionalities, and AI-powered business intelligence. By harnessing the latest advances in artificial intelligence and automation, Sprout Social provides actionable insights that enable marketers to create tailored content, analyze performance trends, and optimize engagement strategies on a variety of social networks.

Unified System of Record

At its core, Sprout Social’s platform acts as a unified system of record, consolidating diverse social data into one powerful interface. This approach allows for seamless integration across various customer touchpoints and provides a holistic view of social interactions. As a result, brands can track conversations, manage multiple accounts, and respond swiftly to customer needs with a focus on improving both customer experience and operational efficiency.

Revenue Model and Market Position

The firm primarily generates revenue through software subscriptions which are structured to cater to a broad spectrum of business sizes—from mid-sized companies seeking to expand their digital reach to large enterprises requiring sophisticated social media management solutions. This recurring revenue model underscores the company's commitment to providing consistent value through regular updates, robust customer support, and ongoing innovation.

Industry Significance and Competitive Differentiation

Sprout Social stands out in the competitive landscape due to its comprehensive, cloud-based approach that encompasses social media publishing, engagement, and deep analytic insights. Unlike competitors who may focus on fragmented solutions, Sprout Social’s integrated platform is designed to streamline operations, enhance data security, and foster deeper customer relationships. The company’s emphasis on user-friendly design, strategic integrations, and advanced AI further bolsters its value proposition in the social media management space.

Operational Excellence and AI Integration

With an industry-first mindset towards AI and automation, Sprout Social seamlessly integrates human-centered AI features within its platform. These innovations include automated content generation assistance, data analysis tools that identify key performance trends, and intelligent prioritization of customer inquiries. This not only saves valuable time for marketing professionals but also enhances the accuracy and impact of their digital strategies.

Customer-Centric Approach

Sprout Social is designed with the end-user in mind. Its platform is built for ease of use and is continuously refined based on customer feedback, enabling brands to transform raw social data into insights that drive business growth. Whether it is crafting engaging posts, monitoring social interactions, or delivering responsive customer care, the software provides the tools necessary for a holistic approach to digital communication and social media strategy.

Conclusion

In summary, Sprout Social Inc is a pivotal player in social media management and analytics, offering a robust, scalable platform that unifies various social media functionalities into one secure, action-oriented solution. The company’s innovative use of AI and commitment to enhancing social customer engagement positions it as a critical enabler for brands looking to leverage social data for smarter, faster, and more effective business outcomes.

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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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News
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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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Sprout Social, Inc. (SPT) will report its Q4 2023 financial results on February 20, 2024. The company is a leading provider of cloud-based social media management software.
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Sprout Social, Inc. (Nasdaq: SPT) announced the promotion of Alan Boyce to Chief Technology Officer (CTO), overseeing global technology, engineering, IT, and compliance organizations. Aaron Rankin remains as Co-Founder supporting the executive team and strategic direction, and will continue to serve on the Board of Directors. Boyce, who joined Sprout in 2010, has been promoted due to his exceptional leadership and track record. He has played a central role in the development of Sprout's platform and R&D culture, leading the integration of acquisitions, expansion into social listening/analytics, and department growth to over 300 people.
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Sprout Social (SPT) has been recognized as a leader in 150 categories by G2's 2024 Winter Reports, spanning all business segments and regions. They continue to rank as a leader in Social Customer Service, Social Media Analytics, Management, and Monitoring, with #1 rankings in 77 reports. The company has shown strong growth in 2023, enhancing its platform with AI investments, new partnerships, and acquisitions.
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Sprout Social (SPT) announced that The Arboretum, its community for social and marketing professionals, has surpassed 10,000 members less than a year after its public launch. The community has become a hub for industry connection, community, and mentorship, with members from over 60 countries engaging in over 3,500 conversations and community events.
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Sprout Social (SPT) achieves ISO/IEC 27001:2013 and ISO/IEC 27701:2019 certifications for its information security and privacy management systems. The certifications demonstrate the company's commitment to customer assurance and data protection. Sprout Social also earned 138 badges in G2's 2023 Fall Reports, ranking #1 in over 70 categories.
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FAQ

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

The current stock price of Sprout Social (SPT) is $23.43 as of March 11, 2025.

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

The market cap of Sprout Social (SPT) is approximately 1.4B.

What services does Sprout Social Inc offer?

Sprout Social Inc provides a unified cloud-based platform for social media management, analytics, and engagement, helping brands manage their social presence and customer interactions effectively.

How does the company generate revenue?

The firm primarily earns revenue through software subscriptions, offering its customers scalable solutions that cater to both mid-sized companies and large enterprises.

What makes Sprout Social's platform unique?

Its integrated approach consolidates social messaging, data, and workflows into one system, enhanced by AI-powered tools that enable actionable insights and seamless customer engagement.

Who are Sprout Social's primary customers?

Sprout Social serves a broad range of customers including brands, enterprises, and marketing teams seeking to optimize social media management, customer care, and digital engagement.

What industry-specific features are integrated into the platform?

The platform includes advanced analytics, AI-driven content suggestions, automated reporting, and tools for managing social media publishing, customer care, and influencer marketing.

How does Sprout Social stay competitive in the market?

By continuously innovating with AI and automation, providing an all-in-one solution, and integrating customer feedback to refine its social media management tools, Sprout Social maintains a strong competitive edge.

How does the platform enhance social customer engagement?

It consolidates valuable social data to deliver actionable insights and facilitates real-time engagement, enabling brands to respond quickly and improve overall customer experience.

Is Sprout Social suitable for large enterprises?

Yes, the platform is designed to scale horizontally across large organizations, making it an ideal solution for enterprises that require comprehensive social media management and robust analytics.
Sprout Social Inc

Nasdaq:SPT

SPT Rankings

SPT Stock Data

1.37B
50.51M
1.55%
105.93%
9.26%
Software - Application
Services-prepackaged Software
Link
United States
CHICAGO