Members continue to benefit from enhanced user experience in mobile applicationsNew agreements expand potential for advertising and data monetization
SAN FRANCISCO, Aug. 8, 2024 /PRNewswire/ -- San Francisco area-based Life360, Inc. (Life360 or the Company) (NASDAQ: LIF) (ASX: 360) announced today that it has updated its agreements with partners Arity and Placer.ai (Placer). These partnerships support Life360's pursuit of delivering increasing value to its members through Life360 mobile applications on iOS and Android devices, and also creating and developing new revenue streams.
Monthly Active Users Reached Approximately 71 million for the Quarter
Paying Circles Reached Over 2 million with a Record for Global Net Additions
Total Revenue Grew 20% Year-Over-Year to $84.9 million
Guidance Upgraded for Total Revenue and Adjusted EBITDA
SAN FRANCISCO, Aug. 8, 2024 /PRNewswire/ -- San Francisco area-based Life360, Inc. (Life360 or the Company) (NASDAQ: LIF) (ASX: 360) today reported unaudited financial results for the quarter ended June 30, 2024. The Company achieved record quarterly results in Monthly Active Users ("MAUs"), Paying Circles, and Subscription Revenue. Life360 also successfully completed its initial public offering (IPO) in the United States and began trading on the NASDAQ Global Select Market on June 6, 2024.
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