Life360 reports CY2022 revenue up 103% to $228.3M, net loss $91.6M; guides to positive EBITDA in FY2023

Life360 reports CY 2022 results • CY22 revenue of $228.3 million, in line with guidance. YoY increase of 103%, with Subscription revenue of $153.3 million up 77% YoY • CY22 year-end Annualized Monthly Revenue1 (AMR) (excluding hardware) of $224.4 million, up 61% YoY, ahead of guidance. January 2023 AMR of $229.6 million reflects full monthly benefit of subscriber price increases • CY22 net loss of $91.6 million; CY22 Adjusted EBITDA loss of $40.1 million in line with guidance • January 2023 U.S. Average Revenue Per Paying Circle (ARPPC) of $138.36 increased 42% YoY reflecting the full month benefits of higher pricing • Record annual growth in Global Monthly Active Users (MAU) of more than 13.1 million, up 37% YoY, with record net additions in both the U.S. and International markets • Year-end cash, cash equivalents and restricted cash of $90.4 million in line with guidance • CY23 guidance for more than 50% YoY growth for core Life360 subscription revenue.2 Consolidated revenue of $300