Life360 Posts 'Good' Q1 Result, Jefferies Says

MT Newswires Live05-12 11:32

Life360 (ASX:360) posted a "good" first-quarter result, driven by core subscription revenue, Jefferies said in a note.

The technology company reported Tuesday first-quarter earnings of $0.03 per share, down from $0.05 a year earlier.

Meanwhile, revenue for the three months ended March 31 was $143.1 million, with subscription strength and a step-up in advertising revenue after the Nativo platform acquisition, compared with $103.6 million a year earlier.

Life360 raised its 2026 guidance, now expecting consolidated revenue of between $650 million and $685 million, up from the previous range of $640 million to $680 million, and adjusted earnings before interest, taxes, depreciation, and amortization of $130 million to $140 million, compared with prior guidance of $128 million to $138 million.

Jefferies maintained its buy rating and AU$31 price target on Life360.

Life360 shares fell 11% in afternoon trade Tuesday.

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