Sprout Social reported third-quarter revenue of $125.15 million, up 8.3% year over year and above estimates, while non-GAAP earnings per share doubled to $0.45.
Sprout Social financials and buybacks
Sprout Social said its Q3 top-line performance exceeded expectations, with revenue of $125.15 million and non-GAAP EPS of $0.45, representing a twofold increase. The company also repurchased over $26 million in shares.
Trellis adoption and Trellis+ rollout
The company reported that thousands of customers use its Trellis AI tool and that Trellis was featured in all three large deals cited on its earnings call. Sprout Social has launched a paid Trellis+ offering and plans to introduce shared credits in the fourth quarter.
