Sprout Social Announces Third Quarter 2024 Financial Results [Yahoo! Finance]
Sprout Social, Inc - Class A (SPT)
Last sprout social, inc - class a earnings: 2/26 04:10 pm
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Source: Yahoo! Finance
cloud-based social media management software, today announced financial results for its third quarter ended September 30, 2024. “The Sprout team delivered a solid third quarter, driving 20% revenue growth and 31% growth in cRPO as we executed our strategy across key company metrics. Sprout continues to focus on product leadership and expanding our competitive position within the Enterprise segment as these customers leverage the power of Social to drive their digital strategies,” said Ryan Barretto, CEO. Third Quarter 2024 Financial Highlights Revenue Revenue was $102.6 million, up 20% compared to the third quarter of 2023. Total remaining performance obligations (RPO) of $311.5 million as of September 30, 2024, up 36% year-over-year. Current remaining performance obligations (cRPO) of $220.7 million as of September 30, 2024, up 31% year-over-year. Operating Income (Loss) GAAP operating loss was ($16.9) million, compared to ($24.2) million in the third quarter of 2023.
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