Earnings showed slowing growth in the subscription business.
Matterport (MTTR 0.86%) has been a growth stock since going public, but it's not growing the way investors may have hoped. Subscription growth is down, and the company continues to lose money. In this video, Travis Hoium covers both the positives and the challenges facing Matterport in 2023.
*Stock prices used were end-of-day prices of May 10, 2023. The video was published on May 12, 2023.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Airbnb and Matterport. The Motley Fool has positions in and recommends Airbnb, Amazon.com, Autodesk, and Matterport. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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