Sprout Social Inc Class A ( (SPT) ) has released its Q4 earnings. Here is a breakdown of the information Sprout Social Inc Class A presented to its investors.
Sprout Social, Inc. is a leading provider of cloud-based social media management software, offering comprehensive solutions for social media publishing, engagement, and analytics across major digital platforms.
In its latest earnings report for the fourth quarter of 2024, Sprout Social announced a 14% increase in revenue and a significant 26% growth in current remaining performance obligations (cRPO). The company also reported a notable improvement in cash flow from operations, reaching $26.3 million for the fiscal year.
Key financial highlights include a revenue of $107.1 million for the quarter, and a reduction in GAAP net loss to $14.4 million from $20.1 million in the previous year. Non-GAAP net income rose to $10.7 million, reflecting strong operational performance. The company also expanded its customer base, with a 23% increase in customers contributing over $50,000 in annual recurring revenue.
Sprout Social continues to enhance its market position through strategic initiatives, including the launch of new AI solutions and a rebranded influencer marketing platform. The company has been recognized as a leader in social media marketing software and continues to grow its partnerships with major brands.
Looking ahead, Sprout Social anticipates steady revenue growth in 2025, with projected revenues between $448.1 million and $453.1 million. The company remains focused on executing its strategy to drive enterprise engagement and expand its customer base.