Quotes for Social Media from the CoStar Group 1Q2024 Earnings Call19765
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| Quotes for Social Media from the CoStar Group 1Q2024 Earnings Call Hi All, Below are Quotes for Social Media from the CoStar Group 1Q2024 Earnings Call on Tuesday, 23 April 2024 (Full Audio Recording | Full Transcript | Full Deck The list was compiled by ChatGPT4: Andy Florance, CEO, CoStar Group: 1. "Yesterday, we announced that we reached a definitive agreement to acquire Matterport, the global leader in immersive 3D Digital Twins and Artificial Intelligence for the real estate industry for $5.50 per share." 2. "Founded in 2011, Matterport pioneered the development of the first 3D capture solution to deliver dimensionally accurate photorealistic virtual tours or digital twins for any type of property." 3. "Matterport's 3D technology is utilized in nearly every sector of real estate, spanning residential, commercial, hospitality, retail and industrial spaces among others." 4. "Hundreds of thousands of new 3D digital twins for properties around the world are being added to this impressive database each month." 5. "The pandemic accelerated the remote real estate shopping trend and we believe it is the new normal." 6. "Currently, 50% to 60% of consumers looking for an apartment say they're comfortable selecting their next apartment without visiting the property at all." 7. "CoStar Group and Matterport have nearly identical mission statements of digitizing the world's real estate." 8. "Matterport makes it possible to experience real estate remotely." 9. "In March of this year, there were over 7.4 million views of Matterport 3D tours on Apartments.com." 10. "Properties with a Matterport generated 74 leads, which is 10x the seven leads generated for property without Matterport." 11. "In residential focus groups, homebuyers are clearly telling us that they prefer listings that offer 3D digital twins so they can best understand the property." 12. "We believe that our substantial empirical data in our market research clearly shows that consumers and advertisers prefer real estate portals with digital twins." 13. "Matterport has incredible research and development talent. These are the people who are very passionate about the future of digital twins and literally invented the genre." 14. "We intend to actively support invest in Matterport spatial technology research and development efforts." 15. "Imagine using a 3D digital twin to virtually see various potential kitchen renovations in seconds." 16. "Imagine the value of creating a 3D twin of an unattractive raw office space and using generative AI to rapidly generate 3D realistic potential build outs of the office space for a future tenant to see." 17. "The possibilities are certainly exciting to imagine and represent a massive opportunity to propagate new technologies to our global information and marketplace businesses." Scott Wheeler, CFO, CoStar Group: 18. "Matterport operates a very attractive financial model, very similar to CoStar, but at a smaller scale." 19. "Matterport has a history of strong revenue growth with a 5-year compound annual growth rate of 31%." 20. "Matterport's subscriber customer base is highly diverse, operating across a variety of vertical markets with no single customer over 3% of revenue." 21 "The purchase consideration will be paid 50% from our available cash balances and 50% with CoStar stock." === Prompt: Imagine that you are the managing editor of the We Get Around Network Forum: the best proptech community of professional Matterport digital twin creators and providers shaping the future of real estate today. Your readers are real estate photographers that use Matterport, Read the following transcript and then list 20 breakout quotes (verbatim) from the following that could easily be used to create a social media post. The breakout quote may be around a statistic or picturesque praise or enthusiasm for Matterport in particular or the space in general. Be sure to include the name, title and company of the person that made the statement. Include quote marks. It’s okay to shorten a quote by replacing the words left out with ellipses. Group Quotes by Speaker: |
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