Sprout Social ( (SPT) ) has issued an update.
On February 25, 2025, Sprout Social announced its fourth quarter 2024 financial results, highlighting a 14% revenue growth and a 26% increase in current remaining performance obligations (cRPO) compared to the previous year. The company reported a GAAP net loss of $14.4 million, but a non-GAAP net income of $10.7 million, showing significant improvement from the previous year. The company also noted growth in its customer base, particularly among those contributing over $50,000 in annual recurring revenue (ARR). Sprout Social’s recent achievements include recognition in various industry awards and the release of new tools and studies to enhance customer engagement and competitiveness. The company provided a positive financial outlook for the first quarter and full year 2025, anticipating continued revenue growth and increased non-GAAP operating income.
More about Sprout Social
Sprout Social is a global leader in social media management and analytics software, providing a unified platform that empowers approximately 30,000 brands with powerful social data to drive business growth and innovation. The company offers a comprehensive suite of social media management solutions, including publishing, engagement, customer care, connected workflows, and AI-powered business intelligence, operating across all major social media networks and digital platforms.
YTD Price Performance: -8.99%
Average Trading Volume: 547,666
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.6B
See more data about SPT stock on TipRanks’ Stock Analysis page.