Sprout Social's Q2 revenue reached $99.4 million, a 25% increase YoY. Subscription revenue accounted for $98.5 million, up 25% YoY. The number of customers contributing more than $10,000 in ARR grew 21% YoY, and those contributing more than $50,000 grew 38% YoY.
Q3 revenue is projected to be between $101.9 million and $102.1 million, with full-year 2024 revenue expected to be between $405.0 million and $406.0 million. Sprout Social forecasts improved gross retention rates and competitive win rates.
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