Life360 (ASX:360) Reports Record Q4 and FY 2024 Results
Financial Performance
Life360 reported total quarterly revenue of $115.5 million, a 33% year-over-year increase, and annualized monthly revenue of $367.6 million, up 34% YoY. The company achieved positive net income of $8.5 million in Q4 and recorded an adjusted EBITDA of $45.5 million for the year.
Operational Highlights
Monthly Active Users reached approximately 79.6 million, growing 30% YoY. Global net additions to paying circles were 457,000, with total paying circles nearing 2.3 million. Average Revenue Per Paying Circle increased by 6% year-over-year, and hardware revenue grew by 13% YoY.
Future Outlook
For FY 2025, Life360 projects consolidated revenue between $450 million and $480 million and expects positive adjusted EBITDA of $65 million to $75 million.
Executive Comments
CEO Chris Hulls stated, “Life360 made remarkable strides in Q4 2024, capping off the year with our best-ever holiday period and achieving record-breaking annual results in MAU and subscribers, while continuing to make progress with our overall strategy.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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