Life360 Inc's stock plummeted 9.20% in pre-market trading, extending losses after the company reported its first-quarter 2026 financial results.
The family safety platform developer posted a 37% decline in net income to $2.78 million, with earnings per share dropping to $0.03 from $0.05 a year earlier. While revenue surged 38% to $143.1 million, beating analyst expectations, investors focused on the profitability contraction and a 49% plunge in hardware revenue due to lower unit shipments and an exit from brick-and-mortar retail.
Additionally, monthly active user growth softened due to a technical issue with the Google Play Store, raising concerns about user acquisition despite a 27% increase in paying circles to 3 million. The company did raise its full-year 2026 revenue and adjusted EBITDA guidance, but the market reaction highlights investor unease with the balance between top-line growth and bottom-line performance.
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