BUZZ-Citi says data on ASX-listed Life360 signals Q4 active users rebound

Reuters02:37
BUZZ-Citi says data on ASX-listed Life360 signals Q4 active users rebound

** Citi says November SensorTower data for ASX-listed Life360 360.AX hints at a rebound in Q4 monthly active users (MAU) growth, suggesting the Q3 slowdown may have been a blip, though it remains cautious given recent weak correlation

** U.S. app downloads slipped YoY in November, the only soft spot in the data, as per brokerage

** Citi expects the rollout of a pet tracker and an elderly tracker down the line, alongside enhanced features to lift subscriptions, MAUs and engagement, lifting ad rev growth

** Shares have surged 61.3% YTD on the Australian bourse as of last close

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))

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