Sprout Social Profits Up
Sprout Social reported earnings that exceeded both analyst estimates and its own management expectations for Q4 2024.
Sprout Social (NASDAQ:SPT), a leading provider in social media management, recently released its fourth quarter 2024 earnings report on February 25, 2025. The company revealed strong performance, with key financial metrics surpassing both analyst estimates and its own management expectations. Non-GAAP earnings per share (EPS) reached $0.19, above the estimated $0.15, and revenue increased to $107.1 million, slightly higher than the anticipated $106 million. Despite solid earnings, a notable decline in the net retention rate suggests potential room for improvement in customer engagement strategies.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-11-07 earnings report.
Sprout Social offers a comprehensive social media management platform aimed at helping businesses manage their online presence more effectively. Its platform integrates messaging, data, and workflows across various social networks, making it a vital tool for organizations. With a vast market opportunity driven by the growing demand for social media management tools, Sprout Social targets new and existing customers to increase its market share.
