Sprout Social, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 20, 2024 at 04:10 pm EST
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Sprout Social, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 93.58 million compared to USD 69.66 million a year ago. Net loss was USD 20.08 million compared to USD 11.94 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.22 a year ago.
For the full year, revenue was USD 333.64 million compared to USD 253.83 million a year ago. Net loss was USD 66.43 million compared to USD 50.24 million a year ago. Basic loss per share from continuing operations was USD 1.19 compared to USD 0.92 a year ago.
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.
SPROUT SOCIAL, INC. 
