The latest update is out from Matterport ( (MTTR) ).
Matterport announced its financial results for the fourth quarter and full year ending December 31, 2024, highlighting a record total revenue of $169.7 million, an 8% increase from the previous year. The company also reported a 14% year-over-year growth in subscription revenue, reaching $99.6 million, and a significant milestone of 50.7 billion square feet digitized and managed. With the launch of its 2025 Winter Release, Matterport introduced new AI-driven features and tools to enhance real estate marketing, including the Matterport Marketing Cloud and Model Merge, which streamline property workflows and improve project efficiency. The company is also in the process of being acquired by CoStar Group, Inc., with the transaction expected to close in the first quarter of 2025.
More about Matterport
Matterport, Inc. is a leading spatial data company that is transforming the built world through its innovative digital twin technology. The company specializes in converting physical spaces into immersive digital models, which are used across various stages of the building lifecycle, including planning, construction, operations, documentation, appraisal, and marketing. Matterport’s services have been adopted in over 177 countries, enhancing the value and accessibility of millions of buildings worldwide.
YTD Price Performance: 10.66%
Average Trading Volume: 4,001,641
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.74B
Learn more about MTTR stock on TipRanks’ Stock Analysis page.