Welcome to our dedicated page for Life360 news (Ticker: LIF), a resource for investors and traders seeking the latest updates and insights on Life360 stock.
Life360, Inc. (symbol: LIF) is the world's largest family-focused social network, boasting over 50 million monthly active users. The company, headquartered in the San Francisco Bay Area, aims to enhance family life by offering a suite of safety and connectivity services through its popular mobile app.
The Life360 app is widely used by security-conscious families to keep track of each other's whereabouts, monitor the location of pets and personal belongings, and access a variety of safety features. These include driver safety monitoring, roadside assistance, and emergency dispatching. The app consistently ranks among the top 10 most popular social-networking apps and in the top 25 across all apps in terms of daily active users in the US.
Recently, Life360 achieved a significant milestone by reaching over 2 million global app paying subscriber circles. This achievement closely followed the company's initial public offering on the Nasdaq stock exchange. According to CEO Chris Hulls, this milestone is a testament to the value Life360 delivers to families globally, simplifying communication, connection, and safety for parents with children of mobile phone and driving ages.
Life360's growth is also fueled by its unique ability to serve families using both iOS and Android devices. As of March 31, 2024, cross-platform circles represented 45% of the total paying circles and 50% of paying circles with four or more members. The company's triple-tier membership features, which include unlimited Place Alerts, driving safety features, and digital safety tools, have been successfully launched in the UK and expanded to Australia and New Zealand in Q2 2024. Despite the impact of increased pricing, international Paying Circles have grown over 40% year-over-year as of June 7, 2024.
Members benefit from comprehensive services such as crash detection with emergency dispatch, safe driver reports, roadside assistance, stolen phone protection with financial reimbursement, access to emergency assistance professionals, and digital safety features like Data Breach Alerts and Identity Theft Protection. These features make Life360 an essential part of everyday family life.
With approximately 66 million monthly active users across more than 150 countries as of March 31, 2024, Life360 continues to deliver peace of mind and enhance family life through its innovative and valuable services.
Life360, the family connection and safety company, has been ranked No. 393 on the 2024 Deloitte Technology Fast 500™, recognizing the fastest-growing companies in North America. The company achieved 278% revenue growth from 2020 to 2023, attributed to their strategic focus on audience growth, expanded paid offerings, and operational efficiency.
With 77 million monthly active users globally, Life360's mobile app and Tile tracking devices provide services including location sharing, safe driver reports, and crash detection with emergency dispatch, serving families' safety and connection needs.
Life360 reported strong Q3 2024 results with total revenue growing 18% year-over-year to $92.9 million. Monthly Active Users reached 76.9 million, up 32% YoY, while Paying Circles increased by a record 159,000 to nearly 2.2 million total. Subscription revenue grew 27% to $71.8 million, and Annualized Monthly Revenue increased 30% to $336.2 million.
The company achieved its first Net Income of $7.7 million, marking eight consecutive quarters of positive Adjusted EBITDA. Life360 raised its 2024 guidance, projecting consolidated revenue of $368-374 million and positive Adjusted EBITDA of $39-42 million.
Life360, Inc. (NASDAQ: LIF) has announced its inclusion in the Russell 2000® and Russell 3000® Indexes, effective September 23, 2024. This addition is part of the quarterly Russell US Index initial public offering (IPO) updates. CEO Chris Hulls views this as a key achievement reflecting the company's growth and progress as a public entity.
The Russell indexes, widely used by investment managers and institutional investors, benchmark approximately $12 trillion in assets. Life360's inclusion in these indexes is expected to increase its exposure to investors. The company, known for its family connection and safety solutions, will remain in the U.S. Russell 3000® Index for one year, with automatic inclusion in the small-cap Russell 2000® Index and appropriate growth and value style indexes.
Life360, a family connection and safety company, has launched a new lineup of Tile Bluetooth trackers with enhanced integration with the Life360 app. The new trackers feature a multi-function button that extends Life360's SOS services, providing an extra layer of security. Key improvements include extended range, louder ring, and refined design. The lineup consists of four models: Tile Mate ($24.99), Tile Pro ($34.99), Tile Slim ($29.99), and Tile Sticker ($24.99), each designed for different use cases. The integration aims to create a seamless experience for Life360's 70 million monthly active users, allowing faster and more reliable item finding across both iOS and Android platforms. Life360 offers various membership tiers with additional benefits for Gold and Platinum members.
Life360, Inc. (NASDAQ: LIF) has launched its advertising platform in the United States, leveraging its unique family insights and location data to deliver privacy-first targeting for advertising. The platform connects 40 million U.S. monthly active users with relevant brands, products, and services. Uber has joined as a key partner, integrating with Life360's Landing Notifications and launching targeted ads for Uber teen accounts.
Life360's platform provides brands with insights into family dynamics, routines, and behaviors, enabling precise audience segmentation. The company prioritizes partnerships with family-oriented advertisers and maintains strict privacy measures. Google veteran Brian McDevitt has been appointed as Vice President of Ad Sales and Strategy to scale the ad business globally.
Life360 (NASDAQ: LIF) has updated agreements with strategic partners Arity and Placer.ai, aiming to enhance user experience and create new revenue streams. The Arity partnership expands potential for future advertising pathways, while the Placer.ai agreement extends the term for aggregated data sales with opportunities for increased revenue. These partnerships support Life360's ability to invest in premium features and essential services like crash detection and place alerts. The financial impact of the Arity update was previously included in the 2024 outlook, while the Placer.ai update is expected to bring incremental revenue in 2024 and 2025. Life360 generates indirect revenues from aggregated data sales and platform ads that complement user experience.
Life360 (NASDAQ: LIF) reported record Q2 2024 results with substantial growth in key metrics. Monthly Active Users (MAUs) reached 71 million, a 31% YoY increase. Paying Circles hit 2 million, up 25% YoY. Total revenue grew by 20% YoY to $84.9 million, while subscription revenue increased by 25% YoY to $65.7 million.
The company completed its IPO on the NASDAQ, raising net capital of $93 million. Despite these successes, Life360 reported a net loss of $11 million, impacted by $5.8 million in IPO-related costs and $5.2 million in additional tax provisions. However, adjusted EBITDA was positive at $11 million.
Life360 upgraded its 2024 guidance, forecasting consolidated revenue of $370-$378 million and positive adjusted EBITDA of $36-$41 million. The company continues to expand its revenue streams with a new advertising offering and extended partnerships, contributing to the expected increase in revenue in the second half of 2024.
Life360 announced a significant milestone of reaching over 2 million global paying subscriber circles.
This follows their recent IPO on Nasdaq (LIF). The company emphasizes its value to families and continued growth beyond traditional family circles.
As of March 31, 2024, 45% of paying circles consist of mixed iOS and Android users, and 50% include four or more members. Recent expansions to the UK, Australia, and New Zealand have driven a 40% YoY increase in international paying circles despite price hikes.
Life360 offers multiple safety and convenience features for families, including driving safety, stolen phone protection, and emergency assistance.
Life360, based in San Francisco, announced the pricing of its U.S. initial public offering (IPO) of 5,750,000 shares of common stock at $27.00 per share. Life360 is offering 3,703,704 shares, and selling securityholders are offering 2,046,296 shares. The company expects the shares to start trading on the Nasdaq under the ticker 'LIF' on June 6, 2024. The offering is anticipated to close on June 7, 2024. The underwriters have a 30-day option to purchase up to an additional 862,500 shares. Life360 aims to use the proceeds to enhance its capitalization, financial flexibility, and for general corporate purposes. Existing shares will continue trading on the Australian Securities Exchange as CHESS Depositary Interests (CDIs). The offering is managed by Goldman Sachs, Evercore ISI, UBS, and others.
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