Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 131 South Dearborn Street, Suite 700 CHICAGO IL 60603 |
Tel: | N/A |
Website: | https://sproutsocial.com |
IR: | See website |
Key People | ||
Justyn Russell Howard Chairman of the Board, Chief Executive Officer, Co-Founder | Ryan Paul Barretto President | Aaron Rankin Co-Founder, Director |
Joe Del Preto Chief Financial Officer, Treasurer | Crystal Boysen Chief People Officer | Alan Boyce Chief Technology Officer | Scott Morris Chief Marketing Officer |
Business Overview |
Sprout Social, Inc. is engaged in designing, developing, and operating a Web-based social media management tool enabling companies to manage and measure their online presence. The Company provides organizations with a centralized platform to manage their social media efforts across stakeholders and business functions. Its cloud software brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. The Company operates across major networks, including X (formerly known as Twitter), Facebook, Instagram, TikTok, Pinterest, LinkedIn, Google, Reddit, Glassdoor and YouTube, and commerce platforms Facebook Shops, Shopify, and WooCommerce. Its cloud platform allows organizations of all sizes to create stronger relationships through social media, create and publish effective content, measure, and improve performance, and better understand their markets and customers. It also offers a 30-day free trial model to its prospective customers. |
Financial Overview |
For the three months ended 31 March 2024, Sprout Social Inc revenues increased 29% to $96.8M. Net loss increased 32% to $13.6M. Revenues reflect Americas segment increase of 30% to $76.7M, EMEA segment increase of 23% to $15.4M. Higher net loss reflects Sales and marketing increase of 23% to $37.2M (expense), Research and development - Balancing va increase of 28% to $18.3M (expense). |