SAN FRANCISCO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Life360 (Nasdaq: LIF), the leading family connection and safety company, announced today a new weekly giveaway helping families with everyday expenses, so they don’t have to cut costs when it comes to connection. Family dinners, vacations, and gatherings may be the first to be forgone when budgets tighten, and with monthly disposable income projected to be down 22% for households this year,1 the “Life360 Pays For…” campaign helps families worry less about e ...

Whether it’s Rent, Gas, or Family Data Plans, the “Life360 Pays For…” Campaign Aims to Break the Budgetary Barriers to Family Connection SAN FRANCISCO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Life360 (Nasdaq: LIF), the leading family connection and safety company, announced today a new weekly giveaway helping families with everyday expenses, so they don’t have to cut costs when it comes to connection. Family dinners, vacations, and gatherings may be the first to be forgone when budgets tighten, and with monthly ...

Core Insights - Life360 reported a significant increase in Monthly Active Users (MAUs), reaching approximately 88.0 million, which is a 25% year-over-year growth [1][11] - The company achieved record net additions of 136 thousand Paying Circles in Q2, bringing the total to 2.5 million, also reflecting a 25% year-over-year increase [1][11] - Total quarterly revenue surged by 36% year-over-year to $115.4 million, with subscription revenue contributing $88.6 million, up 35% year-over-year [1][20] - The annualized monthly revenue (AMR) rose to $416.1 million, marking a 36% increase year-over-year [1][7] - Life360 raised its full-year revenue and Adjusted EBITDA guidance based on strong year-to-date performance [1][36] Financial Performance - Q2'25 net income was reported at $7.0 million, which includes $4.6 million from other income sources [7][28] - Adjusted EBITDA for Q2 reached $20.3 million, an 85% increase from $11.0 million in Q2'24 [4][33] - Operating cash flow was positive at $13.3 million, reflecting a 303% year-over-year increase [7][25] - The company maintained disciplined expense management, with total operating expenses growing at a slower rate than revenue [4][24] Operational Highlights - The average revenue per Paying Circle (ARPPC) increased by 8% year-over-year to $135.42, driven by price increases and a shift towards higher-priced offerings [11][20] - Life360's gross profit for Q2 was $90.5 million, with a gross margin of 78%, up from 75% in the prior year [19][21] - The company successfully completed a $320.0 million convertible notes offering, enhancing its long-term capital flexibility [5][25] Market Trends - Life360 is experiencing growth in what is termed the "Anxiety Economy," where families prioritize safety and connection, driving demand for its services [4][6] - The company is expanding its high-margin advertising platform with new location-based formats, enhancing value for users [4][6] Future Outlook - Life360 expects to deliver consolidated revenue between $462 million and $482 million for FY'25, an increase from previous guidance [36][34] - The company anticipates subscription revenue to be between $363 million and $367 million, also raised from earlier estimates [36][34]

Leadership Transition - Lauren Antonoff has been promoted to Chief Executive Officer, succeeding co-founder Chris Hulls, who will become Executive Chairman of the Board [1][2] - This leadership change is part of a long-term succession plan initiated nearly two years ago, coinciding with Life360's expansion into new product categories and global markets [2][7] Company Growth and Performance - Life360 is progressing towards $1 billion in revenue, with 88 million monthly active users as of June 30, 2025 [2][10] - Under Antonoff's leadership as Chief Operating Officer, the company achieved a record-breaking 36% year-over-year revenue increase in the most recent quarter [3] Leadership Background - Antonoff has over three decades of experience in technology companies, previously serving as President of GoDaddy's US small business segment and holding product leadership roles at Microsoft [4] - Chris Hulls has been instrumental in shaping Life360's vision and product innovation since its founding, emphasizing a values-driven culture [5][6] Future Vision - The company aims to evolve into a family super app that integrates location sharing, device-based trackers, and safety services, targeting billions of families worldwide [9] - Hulls and Antonoff share a bold vision for Life360, focusing on enhancing family life through innovative products [6]

Core Viewpoint - Life360, Inc. has successfully closed a private offering of $320 million in convertible senior notes due 2030, with net proceeds of approximately $308.9 million intended for corporate purposes, including potential acquisitions and strategic investments [1][2]. Group 1: Offering Details - The offering consisted of $275 million in initially announced notes and an additional $45 million option exercised by initial purchasers, totaling $320 million in principal amount [1]. - The notes were sold to qualified institutional buyers under Rule 144A of the U.S. Securities Act [1]. Group 2: Use of Proceeds - Approximately $33.7 million of the net proceeds will fund capped call transactions, while the remaining funds will be used for general corporate purposes, which may include acquisitions or strategic investments [2]. Group 3: Company Overview - Life360 is a family connection and safety company that offers services such as location sharing, safe driver reports, and crash detection, enhancing everyday family life [7].

Core Viewpoint - Life360, Inc. has announced a private offering of $275 million in convertible senior notes due 2030, increasing from a previously announced $250 million, with net proceeds expected to be approximately $265.2 million after expenses [1][5]. Group 1: Offering Details - The offering consists of 0.00% convertible senior notes, which will mature on June 1, 2030, and will not bear regular interest [2]. - The initial conversion rate is set at 12.3501 shares of common stock per $1,000 principal amount of notes, equating to an initial conversion price of approximately $80.97 per share, representing a 32.5% premium over the last reported sale price of $61.11 on June 2, 2025 [2]. - Life360 has granted initial purchasers an option to buy an additional $45 million in notes within 13 days of the initial issuance [1]. Group 2: Use of Proceeds - Life360 plans to allocate approximately $29 million of the net proceeds to fund capped call transactions, with the remainder intended for general corporate purposes, including potential acquisitions or strategic investments [5]. Group 3: Capped Call Transactions - The capped call transactions are designed to reduce potential dilution of Life360's common stock upon conversion of the notes, with an initial cap price of $122.22 per share, a 100% premium over the last reported sale price [6][7]. - If the market price exceeds the cap price, there may still be dilution or no offset for potential cash payments [8]. Group 4: Redemption and Repurchase - The notes are redeemable at Life360's option starting June 5, 2028, under certain conditions, including if the stock price exceeds 130% of the conversion price [3]. - In the event of a "fundamental change," noteholders may require Life360 to repurchase their notes for cash at the principal amount plus any accrued interest [4].

Core Viewpoint - Life360, Inc. plans to offer $250 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $37.5 million, aimed at qualified institutional buyers [1][2]. Group 1: Notes Description - The notes will be senior, unsecured obligations, accruing interest payable semi-annually, maturing on June 1, 2030, with conversion rights for noteholders under specific conditions [2][4]. - Life360 can redeem the notes in whole or in part starting June 5, 2028, if certain stock price conditions are met [3]. - In the event of a "fundamental change," noteholders may require Life360 to repurchase their notes for cash at the principal amount plus accrued interest [4]. Group 2: Use of Proceeds - Life360 intends to use part of the net proceeds for capped call transactions and the remainder for general corporate purposes, including potential acquisitions or strategic investments [5]. Group 3: Capped Call Transactions - Life360 plans to enter into capped call transactions to cover shares underlying the notes, which may reduce potential dilution upon conversion [6][7]. - The capped call transactions are designed to offset cash payments exceeding the principal amount of converted notes, although market price exceeding the cap price could still lead to dilution [7]. Group 4: Market Impact - The initial hedging of capped call transactions may involve derivative transactions that could influence the market price of Life360's common stock and the notes [9][10]. Group 5: Regulatory Information - The notes and shares upon conversion will not be registered under the Securities Act, and the offering is exempt from registration requirements [11]. Group 6: Company Overview - Life360 is a family connection and safety company, providing services such as location sharing and crash detection through its mobile app and tracking devices [13].

Core Insights - Life360 achieved record highs in Monthly Active Users (MAUs), subscribers, and Q1 net additions, reflecting strong performance against its strategic roadmap [2][3] - The company reported total quarterly revenue of $103.6 million, a 32% year-over-year increase, with annualized monthly revenue rising to $393.0 million, up 38% year-over-year [1][7] Financial Highlights - Q1'25 total revenue was $103.6 million, with subscription revenue at $81.9 million, up 33% year-over-year, and core subscription revenue at $76.2 million, up 37% year-over-year [7][21] - Net income for Q1'25 was $4.4 million, marking the tenth consecutive quarter of positive Adjusted EBITDA, which reached $15.9 million compared to $4.3 million in Q1'24 [3][32] - Operating cash flow was $12.1 million, an increase of 13% year-over-year, with cash and cash equivalents at $170.4 million, up $95.8 million from Q1'24 [7][26] User Metrics - Global MAUs increased 26% year-over-year to approximately 83.7 million, with Q1'25 net additions of 4.1 million [16] - Paying Circles grew to 2.4 million, a 26% year-over-year increase, with net additions of 137 thousand in Q1'25, up 43% year-over-year [7][16] Revenue Composition - Average Revenue Per Paying Circle (ARPPC) increased 8% year-over-year to $133.42, driven by price increases and a shift towards higher-priced offerings [11][16] - Hardware revenue decreased 13% year-over-year to $8.9 million, primarily due to a reduction in bundled offerings and increased discounts [21][23] Operating Expenses - Total operating expenses for Q1'25 were $81.4 million, up 23% year-over-year, with research and development costs increasing by 12% and sales and marketing costs rising by 43% [23][25] - Operating expenses as a percentage of revenue decreased to 79% from 85% year-over-year, indicating improved operational efficiency [23] Future Outlook - Life360 expects to deliver consolidated revenue between $450 million and $480 million for FY'25, with subscription revenue projected at $355 million to $365 million [38]

Core Insights - Life360 achieved record highs in Monthly Active Users (MAUs), subscribers, and net additions in Q1 2025, reflecting strong performance against its strategic roadmap [2][3] - The company reported total quarterly revenue of $103.6 million, a 32% year-over-year increase, with subscription revenue growing 33% to $81.9 million [7][25] - Life360's Annualized Monthly Revenue (AMR) reached $393.0 million, up 38% year-over-year, indicating robust subscription momentum [7][19] Financial Highlights - Q1 2025 net income was $4.4 million, marking the tenth consecutive quarter of positive Adjusted EBITDA and eighth consecutive quarter of positive Operating Cash Flow [3][7] - Total operating expenses grew 23% year-over-year to $81.4 million, while revenue growth was 32%, demonstrating strong operating leverage [29] - Gross profit for Q1 2025 was $83.5 million, with a gross margin of 81%, up from 77% in the prior year [24][26] User Metrics - Global MAUs increased 26% year-over-year to approximately 83.7 million, with net additions of 4.1 million in Q1 2025 [19][11] - Paying Circles grew to 2.4 million, a 26% increase year-over-year, with net additions of 137 thousand, up 43% year-over-year [7][19] - Average Revenue Per Paying Circle (ARPPC) increased 8% year-over-year to $133.42, driven by price increases and a shift towards higher-priced offerings [11][19] Cash Flow and Capital Position - Life360 ended Q1 2025 with cash, cash equivalents, and restricted cash of $170.4 million, an increase of $95.8 million from Q1 2024 [30][53] - Net cash provided by operating activities was $12.1 million, reflecting strong operational performance [28][30] - The company raised capital through its U.S. IPO, contributing to its improved cash position [7][30] Strategic Outlook - Life360 remains confident in its ability to deliver positive Adjusted EBITDA throughout 2025, despite potential consumer financial pressures [3][37] - The company is focused on balancing strong top-line growth with expanding profitability, positioning itself well for future market conditions [3][37] - Life360's core subscription business is resilient, with expectations for continued growth in both subscription and other revenue streams [3][37]