Matterport(MTTR) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Matterport Announces Record Third Quarter 2024 Financial Results • Record total revenue of $43.8 million, up 8% year-over-year • Q3 annualized recurring revenue crosses $100 million milestone, up 11% year-over-year • Net loss improved 14% year-over-year; Non-GAAP net loss improved 80% year-over-year • Total subscribers grew to 1.1 million, up 25% year-over-year • Square feet under management reached 47.3 billion, up 34% from prior year SUNNYVALE, Calif. — November 12, 2024 — Matterport, Inc. (N ...