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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. (Nasdaq: SPT) appoints Scott Morris as chief marketing officer (CMO), effective December 4, 2023. Morris brings over 25 years of marketing experience from companies like Zendesk and Adobe. His role will oversee global marketing and contribute to Sprout’s growth.
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Sprout Social, Inc. reported strong third quarter financial results, with revenue of $85.5 million, up 31% YoY. The company's ARR was $359.5 million, up 33% YoY, and total remaining performance obligations (RPO) reached $228.7 million, up 67% YoY. However, the company experienced a GAAP operating loss of ($24.2) million and a GAAP net loss of ($23.0) million.
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Sprout Social to report Q3 2023 financial results on November 2, 2023
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Sprout Social named to Fortune Best Workplaces in Technology™ List
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Sprout Social recognized as a leader in 138 categories by G2's 2023 Fall Reports, ranked #1 in 72 reports.
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Sprout Social's 2023 Index reveals that personalized care is more memorable than content on trends and social issues on social media. Consumers want brands to prioritize personalized care and engagement. Marketers are leveraging AI to meet this demand, with 81% saying AI has had a positive impact on their work. Marketers plan to use AI and automation tools to handle customer inquiries at scale. Concerns about job displacement and maintaining a balance between AI and human touch exist. Social teams need to break down silos and adapt to different platforms for continued success.
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Influencer marketing is essential for social strategies, with 81% of social marketers describing it as essential. It helps brands reach new audiences, boost engagement rates, and enhance brand authenticity and trust. 73% of surveyed marketers share their influencer marketing budget with their social budget. Instagram is the top platform for influencer marketing efforts. Social engagement data and conversion rates are important metrics for buy-in. Brands prioritize influencers with targeted audiences, with macro-influencers (100K to 1M followers) having the most impact. Brands ensure authenticity by encouraging real experiences, collaborating closely with influencers, and choosing genuine fans of their product.
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Sprout Social, Inc. (Nasdaq: SPT) to Host Second Investor Day on September 27, 2023
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Sprout Social, Inc. has announced its financial results for the second quarter of 2023. Revenue was $79.3 million, up 29% compared to the same period last year. The company acquired 176 customers through its partnership with Salesforce. GAAP net loss was ($13.1) million, while non-GAAP net income was $3.8 million. Cash and equivalents totaled $192.4 million. Sprout Social expects total revenue for the third quarter to be between $84.1 million and $84.2 million.
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FAQ

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

The current stock price of Sprout Social (SPT) is $23.44 as of March 10, 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

1.35B
50.51M
1.55%
105.93%
9.26%
Software - Application
Services-prepackaged Software
Link
United States
CHICAGO