Life360 Q3 revenue up 92% to $57.2M; accelerates positive EBITDA target to CY23 Q3

Life360, Inc.

2022-Q3 EPS reported -$1.28 revenue$156,967,000

Q3 consolidated revenue $57.2M (+92% YoY); Paying Circles +36% YoY; MAU growth of 5M+ (39% YoY).
October U.S. ARPPC for new subscribers up 47% YoY; price increase of nearly 50% for new monthly subscribers fully in effect since August.
Anticipated CY22 year-end AMR (ex hardware) >$215M, up >50% YoY. Quarter-end cash $58.9M.
Accelerates positive Adjusted EBITDA and Operating Cash Flow target to CY23 Q3 (previously CY23 Q4).
Tile hardware headwinds in Q4 due to cautious retailer inventory; limited impact on CY22 EBITDA from strong Membership momentum.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Life360, Inc. reported the three and nine months ended September 30, 2022 results: revenue $57.2 million. Guidance raised.

Period: the three and nine months ended September 30, 2022
Revenue: $57.2 million
Guidance: raised
Result: reported results

Exact text from the filing

Life360 reports Q3 2022 results • Largest ever quarterly growth in Global Monthly Active Users (MAU) of more than 5 million, up 39% YoY, with record net additions in both the U.S. and International markets • Q3 consolidated revenue growth of 92% to $57.2 million

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Source: SEC EDGAR

accession 0001581760-22-000022

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