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Dec 31, 2023
Sprout Social Q4 2023 Earnings Report
Sprout Social's Q4 2023 financial results were announced, showcasing growth and strategic advancements.
Key Takeaways
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.
Revenue by Segment
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.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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