Strong Revenue and Growth
Sprout Social delivered a strong quarter with revenue of $115.6 million, representing 13% year-over-year growth and a record non-GAAP operating margin of nearly 12%.
Enterprise Customer Expansion
The company reported a 21% growth in $50,000-plus ARR customers, fueled by strong net additions and the inclusion of NewsWhip customers.
AI Product Expansion
Sprout Social is preparing to roll out significant AI product expansions in Q4, setting the foundation for long-term AI strategy.
NewsWhip Acquisition Success
The acquisition of NewsWhip has generated more pipeline than any previous product in Sprout's history, with initial ACVs at or above traditional enterprise levels.
Record Non-GAAP Profitability
The company achieved its most profitable non-GAAP quarter in history with an operating income of $13.7 million and a 11.9% non-GAAP operating margin.