Welcome to our dedicated page for Matterport news (Ticker: MTTR), a resource for investors and traders seeking the latest updates and insights on Matterport stock.
The MTTR news page on Stock Titan aggregates company-related coverage for Matterport, Inc., a spatial data company and pioneer in digital twin technology and spatial data capture. Here, readers can follow announcements about its digital twin platform, AI-powered tools, and its role in the digital transformation of the built world.
Recent Matterport news highlights product releases such as the Fall 2024 "Insights Meets Imagination" release and the 2025 Winter Release, which introduce generative AI capabilities, defurnish tools, Merge functionality for combining multiple scans, advanced tagging, and one-click bill-back processing. These updates are presented by the company as ways to help real estate professionals, contractors, designers, and facilities managers capture, market, and manage spaces more efficiently.
News items also cover Matterport Marketing Cloud, an all-in-one hub that uses the company’s Property Intelligence AI to generate 3D virtual tours, listing photos, videos, AI-generated property descriptions, floor plans, and defurnished tours from a single digital twin. Other articles describe Matterport’s AWS Manufacturing and Industrial Competency and AWS Energy Competency, as well as examples of digital twin use in sectors such as transportation, hospitality, and historical preservation.
In addition, the feed includes financial result announcements, where Matterport reports metrics such as annualized recurring revenue, subscribers, and square feet under management, along with commentary on its strategy and product innovation. A key development covered in the news is CoStar Group, Inc.’s completion of its acquisition of Matterport, which CoStar describes as combining its property data and marketplaces with Matterport’s 3D digital twin technology and AI-powered property insights.
Investors and observers can use this page to review Matterport’s historical and ongoing communications about its technology, product evolution, partnerships, and corporate transactions related to the MTTR ticker.
Matterport, Inc. (Nasdaq: MTTR) has announced its participation in upcoming investor conferences. The Credit Suisse 26th Annual Technology Conference is scheduled for November 29, 2022 in Scottsdale, AZ, while the Wells Fargo 6th Annual TMT Summit will be held on November 30, 2022 in Las Vegas, NV, with a presentation at 1:50 p.m. PT. Both events will be webcast live on Matterport's investor relations website. Matterport is focused on transforming physical spaces into digital data to enhance their value and accessibility.
Matterport reported record financial results for Q3 2022, achieving total revenue of $38.0 million, up 37% year-over-year. Subscription revenue reached $19.0 million (+21% YoY), while services revenue surged 204% to $10.0 million. Despite a GAAP loss per share of $0.20, the company exceeded guidance. Total subscribers rose 50% to 657,000, and Spaces Under Management grew 40% to 8.7 million. The balance sheet remains robust with $495 million in cash and investments.
Matterport, Inc. (Nasdaq: MTTR) is set to release its fiscal 2022 third quarter financial results on November 10, 2022, after market close. The company's management will conduct a conference call at 1:30 PM PT to discuss the results. Interested parties can access the financial results and the live webcast on Matterport's investor website. With a strong focus on the digital transformation of the built world, Matterport continues to leverage its spatial data platform, enhancing building lifecycle processes. Investors can expect an audio replay available for one year.
Matterport, Inc. (Nasdaq: MTTR) recently released survey findings indicating that 33% of US homebuyers purchased properties sight unseen, with 89% considering 3D virtual tours essential in their buying process. The survey conducted by OnePoll in June 2022 highlights the effectiveness of digital twins in boosting home sales, particularly amidst rising interest rates. The findings show 62% of buyers see virtual tools as crucial for future purchases, while 31% spent more time on listings featuring 3D tours. The demand for home office space is driving buyer relocations and preferences for virtual tours.
Matterport, Inc. (Nasdaq: MTTR) announced a groundbreaking collaboration with Emmy Award-winning creative director David Korins and hyperrealist artist Robin Eley to create an immersive 3D digital twin of Eley's limited-run exhibition in New York City. This innovative project allows global audiences to experience 18 significant artworks that are usually inaccessible. Utilizing the new Pro3 Camera, the digital twin attracted nearly 2.5 times more visitors than the physical gallery, showcasing the potential of Matterport’s technology to enhance art accessibility and engagement.
Matterport recently unveiled its new Pro3 Camera along with significant updates to its digital twin platform, enhancing 3D capture technology for various enterprises. The Pro3 camera is designed for high-accuracy digital twins, suitable for both outdoor and indoor applications. Demand for digital twins is increasing, with a reported 52% growth in subscribers. Additionally, businesses utilizing these tools have experienced notable productivity gains and cost reductions. The Pro3 is priced at $5,999, with availability starting in September 2022.
Matterport, a leader in spatial data technology, has announced a partnership with the North Carolina Regional MLS (NCRMLS) to integrate its Digital Twin Platform with the new showing management system, BrokerBay. This collaboration aims to facilitate virtual tours and open houses, enhancing the homebuying experience for Realtors and clients. With studies indicating that 34% of recent homebuyers relocated over 50 miles, the integration will support remote buyers significantly. NCRMLS will also provide training for Realtors to leverage Matterport’s tools effectively.
Matterport (Nasdaq: MTTR) has partnered with TD SYNNEX (NYSE: SNX) to enhance its distribution in the North American market, aiming to capitalize on opportunities within the nearly 1 billion physical spaces in the U.S. This collaboration will leverage TD SYNNEX's extensive network of 150,000 resellers to promote Matterport's leading spatial data solutions across various industries, including real estate and construction. The partnership is set to drive the adoption of digital twins technology, providing significant efficiency and cost savings for businesses.
Matterport, Inc. (Nasdaq: MTTR) has announced its participation in several investor conferences. The Deutsche Bank 2022 Technology Conference is set for August 31, 2022, at 7:30 a.m. PT in Las Vegas. Following this, the Wolfe Research TMT Conference will take place on September 9, 2022, in San Francisco. Finally, the Piper Sandler Growth Frontiers Conference is scheduled for September 13, 2022, at 4:30 p.m. CT in Nashville. Live webcasts of the presentations will be available on Matterport's investor relations website.
Matterport, Inc. (MTTR) reported a strong Q2 2022, with subscription revenue rising 20% year-over-year to $18.4 million, exceeding guidance. The company reported a GAAP loss per share of $0.23 and a non-GAAP loss per share of $0.12, better than expected. Full-year revenue guidance was raised to $132-$138 million. The company has a solid balance sheet with $562 million in cash, no debt, and a strong growth in subscribers, expanding by 52% to 616,000.