Matterport Concludes Standalone Journey with CoStar Group Merger
04.02.2026 - 20:27:04
The era of Matterport as an independent public company has drawn to a close. The acquisition by CoStar Group, finalized on February 28, 2025, marks a new chapter where Matterport's pioneering spatial data technology is now fully embedded within CoStar's expansive analytics platform. This integration prompts an assessment of the legacy left by the digital twin specialist.
In its final financial report before the merger, Matterport disclosed its 2024 performance, revealing significant operational strides. The company's subscription-based revenue model demonstrated robust health, with annual recurring revenue (ARR) climbing to $104.2 million. Total subscription revenue for the year reached $99.6 million, representing a 14% year-over-year increase.
User growth remained strong, with the subscriber base expanding by 23% to 1.2 million accounts. The most striking metric was the scale of digitized space, which grew by 33% to encompass 50.7 billion square feet of property. Financially, the company showed improved efficiency, managing to halve its adjusted net loss per share compared to the prior year.
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Strategic Integration and Future Path
The union with CoStar Group is positioned to create a formidable entity in digital real estate solutions. By merging Matterport's advanced 3D capture and visualization technology with CoStar's deep reservoirs of commercial real estate data and analytics, the combined offering aims to set a new industry standard.
The AI-powered cloud software is expected to become central to visualizing and analyzing properties across architecture, construction, and real estate marketing sectors. As a subsidiary, Matterport will no longer issue independent financial reports or provide detailed forward-looking guidance. Its future trajectory will be intrinsically linked to the pace and success of CoStar's efforts to weave the 3D technology into its existing ecosystem. The focus now shifts to realizing the anticipated synergies from this completed corporate integration.
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