Shares of Life360 Inc (LIF) surged 12.56% on Monday following the company's release of better-than-expected second-quarter results, raised full-year guidance, and the announcement of a new CEO.
The family safety and connection platform reported Q2 revenue of $115.4 million, surpassing analyst estimates of $109.8 million. This represents a robust 36% year-over-year increase. Adjusted EBITDA came in at $20.3 million, significantly beating the analyst estimate of $13.2 million. The company also swung to profitability, posting a net income of $7 million or $0.08 per diluted share, compared to a loss in the same period last year.
Adding to the positive sentiment, Life360 raised its full-year 2025 outlook. The company now expects consolidated revenue of $462 million to $482 million, up from its previous guidance of $450 million to $480 million. Additionally, Life360 announced a key leadership transition, with COO Lauren Antonoff being promoted to CEO and appointed to the Board of Directors, while co-founder Chris Hulls will transition to the role of Executive Chairman. This planned succession signals the company's commitment to long-term growth and innovation in the family safety market.
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