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.
Overview
Matterport Inc (NASDAQ: MTTR) is a pioneering technology company that has redefined the way the built world is experienced and analyzed by transforming physical spaces into immersive, data-rich digital twins. Leveraging advanced 3D digital twins, spatial data, and virtual tours technology, Matterport has established a comprehensive platform that enables users to capture, visualize, and manage properties with precision and ease.
Technology and Innovation
Matterport’s technology is built on the integration of state-of-the-art capture devices and an AI-powered software engine known as Cortex. At its core, the platform uses a variety of camera technologies—including LiDAR-based sensors and even standard smartphone cameras—to accurately digitize properties. This robust capture process results in dimensionally accurate, photorealistic digital models that provide detailed property insights such as room dimensions, layouts, and structural details. The advanced algorithms automate the processing of images into digital twins, ensuring that every scan is efficient and precise.
The innovation is not limited to image capture. Matterport’s platform incorporates powerful artificial intelligence and machine learning tools to extract and analyze spatial data automatically, enabling functionalities like automated property descriptions, defurnishing tools that remove distractions from interior spaces, and one-click billing integrations for enterprise customers. These features streamline workflows for a diverse set of users, ranging from individual real estate agents to large property management teams.
Market Position and Industry Context
Operating at the nexus of real estate technology, digital transformation, and spatial data analytics, Matterport occupies a distinctive position in the market. Its solutions are extensively used in residential, commercial, hospitality, retail, and industrial sectors. The firm’s comprehensive digital ecosystem is supported by a global network of capture professionals, ensuring that its data is both expansive and precise. As a result, Matterport is integrated into various aspects of the property lifecycle, including planning, construction, operations, appraisal, and marketing.
The company faces competition from other tech innovators in the real estate space; however, its robust platform, which combines hardware innovation with advanced software capabilities, sets it apart. Matterport continually refines its offering through strategic partnerships and integrations with organizations such as CoStar Group and Flexmls, further enhancing its reach and functionality in providing seamless property digitization solutions.
Product Offerings and Business Model
Matterport’s business model is built on a combination of direct hardware sales, subscription-based services, and licensing agreements. The company’s suite of products includes proprietary 3D capture devices—such as its flagship LiDAR-based Pro3 camera—which are designed for high-precision indoor and outdoor scans. These devices, when paired with the Matterport platform, empower users to quickly generate digital twins that accurately reflect property details.
The Matterport platform itself is a comprehensive digital solution that integrates several key functionalities:
- Digital Twin Creation: Transform any space into an interactive, immersive 3D model that facilitates remote inspection and planning.
- AI-Powered Property Intelligence: Leverage sophisticated AI tools to extract measurements, generate room layouts, and automate property descriptions in real time.
- Virtual Tours: Create lifelike virtual experiences that provide potential buyers or tenants the ability to explore properties in a detailed and engaging manner.
- Integration Capabilities: Seamlessly connect with leading real estate platforms and MLS systems, ensuring that digital content can be efficiently utilized and shared across a wide network of partners.
This versatile mix of hardware and software is monetized through subscription fees for access to the platform, recurring revenue from licenses for advanced AI features, and direct sales of proprietary capture devices. Matterport’s approach not only drives recurring revenue but also reinforces its competitive position through continuous innovation and network expansion.
Strategic Partnerships and Collaborations
Matterport has forged critical partnerships within the real estate ecosystem that amplify the value of its digital twin technology. Collaborations with industry giants such as CoStar Group and Flexmls have positioned its virtual tours and spatial data as essential tools in modern property marketing and management. These partnerships demonstrate Matterport’s commitment to interoperability and its role as a key technology partner in digitizing properties worldwide.
Moreover, Matterport’s global network of capture technicians and business partners helps the company maintain the largest and most comprehensive collection of spatial property data available. This network ensures continuous content updates and enhances the quality of the data, supporting various applications from facility operations to high-end real estate marketing.
Impacts on the Real Estate and Built Environment Sectors
By digitizing physical spaces, Matterport facilitates a new paradigm in how properties are marketed and managed. For home buyers and real estate agents alike, the ability to conduct virtual tours represents a significant reduction in the necessity for physical site visits, thus streamlining the property selection process while simultaneously reducing overhead costs associated with traditional property inspections. For property managers and construction teams, the detailed data provided by digital twins aids in planning, operations, and maintenance, ensuring informed decision-making based on precise spatial information.
This level of detail and accessibility is transforming several industries. In the hospitality sector, for instance, immersive virtual tours help potential guests experience accommodations remotely. In commercial real estate, detailed digital twins support large-scale property management and operational oversight, while in design and construction, accurate floor plans and dimension data facilitate efficient project planning and execution.
Expertise and Trust in Digital Transformation
Matterport has consistently demonstrated its expertise by staying ahead of technology trends and addressing the evolving needs of its diverse clientele. The company’s ability to combine robust digital twin technology with state-of-the-art AI analytics underscores its deep subject matter expertise in spatial data and virtual reality solutions. This expertise builds trust with users across multiple sectors, ensuring that the platform remains a trusted resource for accurate property data and immersive experiences.
The firm’s commitment to ongoing innovation and precision in data capture has resulted in an industry-leading repository of digital property information, making it an indispensable tool not only for property marketing and management but also for disaster recovery planning, facility optimization, and beyond.
Conclusion
In summary, Matterport Inc is a transformative force in the digitalization of the built environment. Its groundbreaking 3D media platform, which seamlessly integrates advanced capture technology, AI-powered analytics, and comprehensive digital twin creation, positions the company as a keystone in modern real estate and property management. The strategic combination of its hardware, software, and extensive global network allows Matterport to deliver unmatched property insights that enhance every facet of the real estate lifecycle. With a commitment to excellence and a focus on innovation, Matterport continues to redefine how spaces are experienced, analyzed, and managed in a digital era.
CoStar Group (NASDAQ: CSGP) has completed its acquisition of Matterport (NASDAQ: MTTR), a leader in 3D digital twin technology. The merger combines CoStar's property data and online marketplaces with Matterport's innovative 3D capture and AI-powered insights.
Matterport has digitized over 14 million spaces and 50 billion square feet across 177 countries, creating the world's largest spatial data library. The combined company aims to accelerate the adoption of digital twin technology in both commercial and residential real estate sectors.
The acquisition targets a significant market opportunity, with over four billion residential and commercial buildings globally representing a $327 trillion asset class. The companies plan to further invest in AI, computer vision, and machine learning to enhance property analytics and operational efficiency.
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.
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