Sprout Social Inc. · Q2 2022 earnings

Briefing

Sprout Social's Q2 2022 financial results exceeded guidance, demonstrating team strength and market opportunity.

Sprout Social announced strong Q2 2022 financial results with total revenue of $61.4 million, up 37% year-over-year, and ARR of $256.1 million, up 35% year-over-year. The company grew its customer base and saw increases in customers contributing over $10,000 and $50,000 in ARR. They also raised their 2022 guidance.

• Total revenue was $61.4 million, a 37% increase year-over-year.
• ARR reached $256.1 million, a 35% increase year-over-year.
• The number of customers grew to 33,620, a 14% increase year-over-year.
• The number of customers contributing over $10,000 in ARR grew by 47% year-over-year, reaching 5,800 customers.

Headline financials

Revenue & EPS history

For Q3 2022, Sprout Social expects total revenue between $64.9 million and $65.0 million, representing growth of more than 32% year-over-year. They anticipate a non-GAAP operating loss between ($2.4) million and ($2.0) million, and a non-GAAP net loss per share of between ($0.04) and ($0.03). For the full year 2022, the company now expects total revenue between $253.9 to $254.0 million, or growth of more than 35% year-over-year, a non-GAAP operating loss between ($5.9) million and ($5.7) million, and a non-GAAP net loss per share of between ($0.11) and ($0.10).