Life360 Inc (ASX:360)

ALERT: Price-sensitive ASX Announcement for 360

Current share price for 360 : $25.250 5.14 (25.56%)⁺

Announcement

Shareholder Letter

Release

12 May 2026 7:30AM

Price at Release

$20.110

Full Release

Summary

The Q1 2026 shareholder letter from Life360 Inc highlights a significant year-over-year revenue increase of 38%, reaching $143.1 million, alongside achieving a milestone of three million Paying Circles. The company witnessed strong advertising revenue growth due to the Nativo acquisition and is progressing towards becoming an AI-native organization. Despite increased operating expenses, Life360 reported a GAAP net income of $2.8 million and an Adjusted EBITDA of $17.1 million. The strategic shift away from brick-and-mortar retail to focus on direct and online channels is in place, and product innovations with AI capabilities are emphasized. The company projects a robust financial outlook for the year, anticipating consolidated revenues between $650 million and $685 million, with substantial contributions from subscription and advertising revenues.

Key Points

Q1 2026 marked a strong start for Life360 with revenue growth of 38% year-over-year to $143.1 million.
Paying Circles reached three million, with a record addition of over 200,000 net new members.
The Life360 Advertising Platform generated $19.7 million, a 329% increase, following the acquisition of Nativo.
Total operating expenses increased by 46% year-over-year to $118.6 million due to investments in R&D, sales, marketing, and general administration.
The transition to an AI-native operating model is underway, with a focus on reallocating resources towards AI capabilities.
GAAP net income was reported at $2.8 million with an Adjusted EBITDA of $17.1 million.
Life360 aims for consolidated revenue between $650 million and $685 million for the full year, with subscription and advertising revenues as key contributors.
The exit from brick-and-mortar retail is strategically planned to focus on direct and online channels.
Product innovations include AI-enhanced features and new offerings like Pet GPS and Tile.
International markets, particularly UK, Canada, and Australia-New Zealand, showed strong subscription revenue growth.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.