Sprout Social Q2 revenue up 29% to $79.3M, acquires Tagger Media for $140M

to extend our leadership into the influencer marketing market for a new growth and value creation opportunity.” Second Quarter 2023 Financial Highlights Revenue ● Revenue was $79.3 million, up 29% compared to the second quarter of 2022. ● ARR from customers contributing >$2,000 in ARR grew 33% year-over-year and represents 96% of total ARR. ● ARR was $326.1

On August 2, 2023, Sprout Social, Inc. (the “ Company ”) completed its acquisition of Tagger Media, Inc., a Delaware corporation (“ Tagger ”), pursuant to that certain Agreement and Plan of Merger, dated August 2, 2023 (the “ Merger Agreement ”), by and among the Company, Tag Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“ Merger Sub ”), Tagger, and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative of the Tagger securityholders (the “ Securityholder Representative ”)

On August 1, 2023, the Company entered into that certain Credit Agreement (the “ Credit Agreement ”) by and among the Company, the banks and other financial institutions or entities party thereto as lenders and MUFG Bank, LTD. as administrative agent and collateral agent (the “ Administrative Agent ”). The Credit Agreement provides for a $100.0 million senior secured revolving credit facility (the “ Facility ”), maturing on August 1, 2028.