NASDAQ$SPT
Sprout Social Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Sprout Social's Q4 2023 financial results were announced, showcasing growth and strategic advancements.
Sprout Social reported a revenue of $93.6 million, a 34% increase compared to Q4 2022. The company's ARR reached $385.2 million, marking a 30% year-over-year growth. While GAAP operating loss was ($18.2) million, non-GAAP operating income stood at $1.7 million.
- Revenue increased by 34% year-over-year, reaching $93.6 million.
- ARR grew to $385.2 million, a 30% increase compared to the previous year.
- GAAP operating loss was ($18.2) million, while non-GAAP operating income was $1.7 million.
- The company expanded its customer base with key additions and renewals.
Headline financials
Revenue & EPS history
Sprout Social · Revenue · Quarterly
$93.6M
Revenue by segment
Sprout Social · $85.5M total across 2 segments · Q3 2023
- Subscription$84.8M+31.4%99.1%
- Professional services and other$730K-5.3%0.9%
Forward guidance
For Q1 2024, Sprout Social anticipates revenue between $97.2 million and $97.3 million, with non-GAAP operating income between $0.6 million and $0.7 million. Full year 2024 revenue is projected to be between $425.3 million and $425.5 million, with non-GAAP operating income between $15.0 million and $16.0 million.
Tailwinds
- Expects Q1 2024 revenue between $97.2M and $97.3M, reflecting growth greater than 29%.
- Projects Q1 2024 non-GAAP operating income between $0.6M and $0.7M.
- Anticipates full year 2024 revenue between $425.3M and $425.5M.
- Forecasts full year 2024 non-GAAP operating income between $15.0M and $16.0M.
- Implies roughly 220bps year-over-year Non-GAAP operating margin improvement for full year 2024.
Headwinds
- Outlook is based on assumptions that are subject to change and outside of the Company’s control.
- There can be no assurance that the Company will achieve these results.
- Company does not provide guidance for operating loss.
- Company does not provide guidance for net loss per share.
- Company does not provide guidance for operating margin.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
-0.9%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+4.8%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+26.8%
Q1 2020
Best reaction
-42.3%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.8% | -7.4% | — | |
| Q4 2025 | -9.6% | -5.1% | -22.2% | |
| Q3 2025 | -3.6% | +0.9% | +4.5% | |
| Q1 2025 | +9.5% | +11.0% | -0.4% | |
| Q4 2024 | +3.1% | -1.1% | -17.4% | |
| Q3 2024 | -8.9% | -1.8% | +10.6% | |
| Q2 2024 | -15.7% | -21.9% | -20.4% | |
| Q1 2024 | -42.3% | -45.7% | -34.6% | |
| Q4 2023 | -5.2% | -1.3% | -7.7% | |
| Q3 2023 | +9.7% | +16.4% | +40.2% | |
| Q2 2023 | -11.2% | -11.4% | +0.2% | |
| Q1 2023 | -15.3% | -21.3% | -14.0% | |
| Q4 2022 | +4.0% | +2.1% | +6.4% | |
| Q3 2022 | +1.9% | +12.9% | +31.9% | |
| Q2 2022 | +13.4% | +18.2% | +10.8% | |
| Q1 2022 | -9.3% | -19.2% | -7.8% | |
| Q4 2021 | +1.5% | +22.1% | +54.3% | |
| Q3 2021 | -2.7% | -3.0% | -20.6% | |
| Q2 2021 | +13.5% | +18.0% | +39.1% | |
| Q1 2021 | -5.6% | -2.8% | +3.0% | |
| Q4 2020 | +9.0% | -3.2% | -21.8% | |
| Q3 2020 | -4.2% | +5.3% | +1.3% | |
| Q2 2020 | +1.3% | -5.0% | +14.8% | |
| Q1 2020 | +26.8% | +36.6% | +88.3% | |
| Q4 2019 | +7.5% | +8.6% | -24.5% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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