Life360 reports CY23 revenue $305M, up 33% YoY; first full year positive Adjusted EBITDA $20.6M

Life360, Inc.

2023-FY EPS reported -$0.42 revenue$304,518,000

Revenue $305M (+33% YoY); net loss improved to $28.2M from $91.7M in CY22.
Positive Adjusted EBITDA $20.6M (guidance $12-16M); positive operating cash flow $7.5M.
MAU grew 26% to 61.4M; Paying Circles up 21% to 1.8M; U.S. ARPPC +32% YoY.
CY24 guidance: revenue $365-375M, Adjusted EBITDA $30-35M, year-end cash $80-90M.
New advertising revenue stream announced; modest H2 2024 contribution expected.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Life360, Inc. reported the quarter and year ended December 31, 2023 results: revenue $305 million, net income $28.2 million. Guidance initiated.

Period: the quarter and year ended December 31, 2023
Revenue: $305 million
Net income: $28.2 million
Guidance: initiated
Result: reported results

Exact text from the filing

testing and see the opportunity to deliver an attractive platform to advertisers, while continuing to provide a great user experience. CY23 Financial Highlights • Revenue of $305 million, a YoY increase of 33%, in line with guidance of $300 million - $310 million; • Core Life360 subscription revenue2 of $200 million, up 52% YoY, ahead of guidance for more than a

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Source: SEC EDGAR

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