Life360 Q1 revenue $78.2M (+15% YoY); Paying Circles add 96K, record; guides FY24 $365-375M

Life360, Inc.

2024-Q1 EPS reported -$0.14 revenue$78,227,000

Revenue $78.2M (+15% YoY); subscription revenue $61.6M (+19% YoY); net loss $(9.8)M improved.
Paying Circles net additions 96K (Q1 record) to 1.9M total; MAU 66.4M (+31% YoY).
Adjusted EBITDA $4.3M positive; operating cash flow $10.7M; guidance reaffirmed: FY24 rev $365-375M, Adj. EBITDA $30-35M.
Signed non-binding LOI with Hubble Network for satellite tracking; expects early 2025 launch, no 2024 revenue.
Launched triple-tier product in Australia and New Zealand in late April.

item 2.02 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 ended March 31, 2024 results: revenue $78.2 million, net income $(9.8) million. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $78.2 million
Net income: $(9.8) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total Q1’24 revenue of $78.2 million, a YoY increase of 15%

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Life360, Inc. filing history →

Source: SEC EDGAR

accession 0001581760-24-000029

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