Workflow
Life360 Reports Record Q4 and FY 2024 Results
LIFLife360, Inc.(LIF) Newsfilter·2025-02-27 21:30

Core Insights - Life360 achieved approximately 79.6 million Monthly Active Users (MAUs), marking a 30% year-over-year increase [10][15] - The company reported total quarterly revenue of 115.5million,a33115.5 million, a 33% increase year-over-year, and annualized monthly revenue of 367.6 million, up 34% year-over-year [6][20] - Life360 reached positive net income of 8.5millioninQ42024andarecordpositiveAdjustedEBITDAof8.5 million in Q4 2024 and a record positive Adjusted EBITDA of 45.5 million for the year [3][30] Financial Highlights - Q4 2024 subscription revenue was 78.8million,a3278.8 million, a 32% increase year-over-year, while core subscription revenue rose 36% year-over-year to 73.1 million [6][18] - Total revenue for the full year 2024 was 371million,reflectinga22371 million, reflecting a 22% year-over-year growth [3][17] - Operating expenses increased by 24% year-over-year, but the total operating expenses as a percentage of revenue decreased to 69% from 74% [22][24] Operating Metrics - Life360 added 2.8 million net MAUs in Q4 2024, with U.S. MAUs increasing by 19% year-over-year and international MAUs by 46% [15][20] - The number of Paying Circles grew to 2.3 million, a 25% increase year-over-year, with average revenue per Paying Circle (ARPPC) rising by 6% [10][15] - The company ended Q4 2024 with cash, cash equivalents, and restricted cash of 160.5 million, an increase of 89.7millionfromQ42023[28]StrategicDevelopments−Life360launcheditsadvertisingbusinessin2024,whichisexpectedtounlocknewgrowthopportunities[2]−Thecompanyaimstoreach150millionMAUsandsurpass89.7 million from Q4 2023 [28] Strategic Developments - Life360 launched its advertising business in 2024, which is expected to unlock new growth opportunities [2] - The company aims to reach 150 million MAUs and surpass 1 billion in annual revenue by focusing on family safety and connectivity [3] - Life360 completed its U.S. IPO in 2024, enhancing its public profile and capital position [2][3] 2025 Outlook - For FY 2025, Life360 expects consolidated revenue between 450millionand450 million and 480 million, with positive Adjusted EBITDA projected between 65millionand65 million and 75 million [7][33] - The company plans to invest $8 million in developing and launching a new pet device in 2025 [33]