CoStar Group has completed its acquisition of digital twin and spatial data specialist Matterport for $1.6 billion. The capture of Matterport, announced last year, is a major coup for CoStar,...
Matterport recorded net losses of $256.6 million in 2024 while total revenues rose 8% to $169.7 million, according to filings submitted this week. Highlights include: Q4 revenues hold steady at...
The commercial real estate, data services, and residential real estate marketplace operator CoStar Group saw its profits plunge in 2024 as it looks to scale its residential business and fight...
Matterport, the leading spatial data company, today announced financial results for the quarter ended September 30, 2024. Highlights include: Quarterly revenues increased 8% year-on-year, up to $43.8 million Subscription revenues...
This week's product roundup features no fewer than three major AI-related functionalities. We'll start with the race for market leadership in the United States... Zillow acquires Virtual Staging AI...
The California-based PropTech company Matterport is facing a lawsuit that has the potential to scupper its $1.6 billion takeover by U.S. real estate data and portal giant CoStar. In a...
Matterport, the real estate spatial data platform under offer from CoStar Group, released its Q2 and half-year 2024 results this week, with losses for the quarter greater than the previous...
The legal battle between CoStar Group and portal rival Move Inc. (parent of Realtor.com) continues as a court in Los Angeles yesterday granted CoStar's motion for expedited discovery in the...
Matterport, the 3D mapping company recently acquired by CoStar Group, has announced a partnership with MLS software provider FBS. FBS is a mobile MLS system that runs the popular Flexmls...
A potential stick may have been thrown in the spokes of CoStar's deal for Matterport as a Delaware judge ruled this week that former Matterport CEO Bill Brown is entitled...
In October 2023, CoStar Group CEO Andy Florance took to the stage to say he wanted to put a bigger percentage of CoStar's investment in Europe. A "$9 billion war...
CoStar Group has announced it will acquire the industry-leading real estate tech firm Matterport for $1.6 billion subject to shareholder approval. No timeframe has been specified but the deal is...
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