Matterport Inc Stock Price, News & Analysis

Matterport (MTTR) reported strong Q4 and full year 2024 results, with total square feet digitized reaching 50.7 billion, up 33% year-over-year. The company achieved record subscription revenue of $99.6 million for the full year, a 14% increase from 2023.

Q4 highlights include total revenue of $43.8 million and annualized recurring revenue (ARR) of $104.2 million. The company's non-GAAP net loss per share improved by 50% year-over-year to $0.02. Total subscribers grew to 1.2 million, up 23% year-over-year.

The company launched its 2025 Winter Release, introducing Matterport Marketing Cloud and new features like Model Merge and tag management. A pending acquisition by CoStar Group, approved by stockholders in July 2024, is expected to close in Q1 2025.

Matterport (NASDAQ: MTTR) has launched Matterport Marketing Cloud, an all-in-one platform designed to streamline real estate marketing processes. The platform, powered by Property Intelligence AI, enables agents to create and distribute comprehensive listing packages within 1-2 business days in major metros.

The Digital Pro package includes 3D virtual tours, high-resolution photos, social media videos, AI-generated descriptions, and detailed floor plans. A notable feature is the 'defurnish' tool, which digitally removes clutter from property images. The platform integrates with MLS systems for seamless publishing.

The launch is part of Matterport's 2025 Winter Release, following their 2024 Fall Release that introduced the AI-powered defurnish tool. The company plans to launch additional interior design tools allowing virtual furnishing and space reimagining capabilities.

Matterport (MTTR) has unveiled its 2025 Winter Release, introducing significant enhancements to its digital twin technology platform. The update focuses on improving property marketing and management efficiency through AI-driven automation and new collaborative tools.

Key features include the Matterport Marketing Cloud, delivering complete digital marketing packages within 1-2 business days in major metros, including 3D virtual tours, high-resolution images, social media videos, AI-generated descriptions, and detailed floor plans with MLS integration. The release introduces enhanced tagging functionality, allowing users to copy annotations between digital twins and import/export tags via CSV files.

Notable additions include multi-user scanning capability, enabling teams to simultaneously scan and merge up to 2,000 scan points into a single digital twin. The platform's defurnish tool, first introduced in Fall 2024, is now fully available, allowing users to instantly remove furniture and clutter from virtual property views with one click.

Matterport (Nasdaq: MTTR) has been named among HousingWire's 2025 Tech100 Real Estate honorees, recognizing its innovative contributions to the real estate industry. The prestigious award, now in its sixth year, acknowledges companies transforming real estate operations and property marketing.

The company's digital twin technology creates precise, interactive 3D representations of physical spaces. A key innovation from 2024, Property Intelligence, leverages AI to automatically provide important data points like square footage and room dimensions with each digital twin.

Recent advancements from Matterport's Winter and Fall 2024 Releases include:

• Defurnish feature for digital decluttering with one click
• Auto-measurements and property layouts
• AI-generated professional listing descriptions

Matterport (MTTR) announces its sponsorship of the 2025 Digital Twin Awards (DTAs), organized in partnership with CAPTUR3D. The global competition, now in its fourth year, invites Matterport users and partners to showcase their best digital twin projects from 2024 across seven categories, including real estate, cultural preservation, and education.

The competition spans over 170 countries and features a new category for Non Pro Series Device Scans. Submissions are open until February 28, 2025, with winners to be announced on April 4, 2025. A public voting period will run from March 14-28, 2025. Winners will receive Matterport hardware, accessories, and subscriptions, with individual prizes valued up to $6,300 and a total prize pool of $28,000 USD.

Matterport (Nasdaq: MTTR) announces that Chairman and CEO RJ Pittman has been named to the 2025 class of Inman Power Players for the third consecutive year. The recognition celebrates influential executives shaping the real estate industry's future.

Under Pittman's leadership, Matterport has transformed property transactions through its digital twin technology, which creates precise, interactive 3D models of spaces. The company's recent introduction of Property Intelligence, powered by AI, provides instant access to critical data points like square footage and room dimensions.

Notable recent innovations include the 2024 Winter and Fall Releases, featuring capabilities such as defurnish (digital decluttering with one click), auto-measurements, property layouts, and AI-driven property descriptions for listing copy generation.

Matterport (NASDAQ: MTTR) has revealed its Top 5 Most Viewed Spaces of 2024, showcasing the company's digital twin technology achievements. The most popular virtual tour was a Korean Train eXpress bullet railcar, attracting 1.5 million views. Other top spaces included the Yomiuri Giants' stadium in Tokyo, Jerry's apartment from 'Seinfeld', a Royal Caribbean Navigator of the Seas stateroom, and the Tomb of Queen Meresankh III in Egypt.

Throughout 2024, Matterport introduced several platform enhancements including automated Room Labels and Dimensions, Property Report generation, Defurnish feature, Property Descriptions, and Merge capabilities for combining multiple spaces into a single digital twin.

Matterport (MTTR) has achieved both AWS Manufacturing and Industrial Competency and AWS Energy Competency status, demonstrating its expertise in cloud technology solutions. The Manufacturing and Industrial Competency recognizes Matterport's proficiency in providing end-to-end Industrial Manufacturing Software solutions, while the Energy Competency acknowledges its role in sustainable energy transformation.

The company's digital twin technology enables advanced features including 3D model creation, remote monitoring, employee training, and integration with AWS IoT TwinMaker. These solutions support engineering design, smart manufacturing, and enterprise operations while helping reduce carbon footprint and improve safety measures.

Matterport (MTTR) reported record Q3 2024 financial results with total revenue of $43.8 million, up 8% year-over-year. The company achieved a significant milestone with Q3 annualized recurring revenue surpassing $100 million, representing an 11% increase year-over-year. Total subscribers grew to 1.1 million, up 25%, while square feet under management reached 47.3 billion, up 34%. The company's net loss improved by 14% year-over-year, with non-GAAP net loss showing an 80% improvement. The Fall 2024 Release introduced AI-powered tools for digital twin applications. The pending acquisition by CoStar Group is expected to close in Q4 2024 or Q1 2025.