Life360 Q2 revenue $70.8M (+45% YoY); raises CY23 Adj EBITDA guidance to $9M-$14M

Life360, Inc.

2023-Q2 EPS reported -$0.28 revenue$138,931,000

Q2 total revenue $70.8M (+45% YoY); core Life360 subscription revenue $47.6M (+57% YoY).
Net loss narrowed to $4.4M; positive Adjusted EBITDA of $5.7M, second consecutive quarter.
Paying Circles up 17% YoY; U.S. ARPPC $140.78 (+42% YoY) reflecting Android price increase.
CY23 revenue guidance reiterated at $300M-$310M; Adj EBITDA guidance raised to $9M-$14M.
Quarter-end cash and equivalents $64.2M after final Tile acquisition payment.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Life360, Inc. reported quarter and half year ended June 30, 2023 results: revenue $70.8 million, net income $4.4 million. Guidance raised.

Period: quarter and half year ended June 30, 2023
Revenue: $70.8 million
Net income: $4.4 million
Guidance: raised
Result: reported results

Exact text from the filing

Total Q2'23 revenue of $70.8 million, a YoY increase of 45%, with core Life360 Subscription revenue1 of $47.6 million, up 57% YoY • Annualized Monthly Revenue2 (AMR) of $248.7 million, up 43% YoY • Q2'23 net loss of $4.4 million; positive Adjusted EBITDA3 of $5.7 million, the second consecutive quarter of positive Adjusted EBITDA; positive Operating Cash Flow of $3.7 million

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Life360, Inc. filing history →

Source: SEC EDGAR

accession 0001581760-23-000103

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