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Sep 30, 2021
Sprout Social Q3 2021 Earnings Report
Sprout Social's Q3 2021 financial results were announced, exceeding the guidance range with strong revenue growth.
Key Takeaways
Sprout Social reported a strong third quarter with revenue of $49.1 million, a 46% increase year-over-year. The company's growth was driven by accelerated momentum in large-customer cohorts. Sprout Social is updating its full year 2021 revenue guidance to $185.8 to $185.9 million, representing overall growth of 40%.
Revenue was $49.1 million, up 46% compared to the third quarter of 2020.
ARR was $204.6 million, up 44% compared to the third quarter of 2020.
Grew number of customers to 30,705 as of September 30, 2021, up 20% compared to September 30, 2020.
Grew number of customers contributing over $10,000 in ARR to 4,380 customers as of September 30, 2021, up 57% compared to September 30, 2020.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2021, the Company currently expects:Total revenue between $51.2 and $51.3 million, or overall growth of 37%.Non-GAAP operating loss between ($4.0) million and ($3.5) million.Non-GAAP net loss per share of between ($0.07) and ($0.06) based on approximately 54.1 million weighted-average shares of common stock outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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