Life360’s Impressive Financial Performance in Q4 and Full Year 2024
Life360, a leading company in family safety and connection based in San Francisco, recently reported its unaudited financial results for the fourth quarter and audited results for the full year ended December 31, 2024. The company achieved remarkable growth across several key metrics, setting new records and surpassing expectations.
Record-Breaking Monthly Active Users (MAUs)
Life360 reported that its Monthly Active Users (MAUs) reached approximately 79.6 million, marking a significant increase from the previous year. This growth demonstrates the increasing demand for family safety and connection solutions, as more and more families turn to Life360 to help keep their loved ones safe and connected.
Paying Circles and Subscription Revenue
Additionally, the company recorded record annual global net additions to Paying Circles of 457 thousand, bringing the total number of Paying Circles to nearly 2.3 million. This growth in Paying Circles translated into impressive Subscription Revenue, which grew 33% year-over-year to $115.5 million.
Annualized Monthly Revenue
Furthermore, Life360’s Annualized Monthly Revenue increased by 34% year-over-year, reaching $367.6 million. This substantial growth in revenue is a testament to the company’s ability to deliver value to its customers and maintain a strong subscription base.
Financial Milestones
The company also achieved several financial milestones during the quarter and full year. In Q4, Life360 reported a positive Net Income and a record Positive Adjusted EBITDA of $45.5 million for the year. These achievements position the company for continued growth and success in the future.
Impact on Consumers
For consumers, Life360’s impressive financial performance means continued innovation and improvement in family safety and connection solutions. With more resources at its disposal, the company can invest in new features, expand its offerings, and enhance the user experience. This, in turn, will help families stay safer and more connected than ever before.
Impact on the World
On a larger scale, Life360’s financial success underscores the growing importance of family safety and connection in our increasingly complex and interconnected world. As technology continues to evolve and families become more dispersed, solutions like Life360’s will become even more essential. By delivering innovative and effective solutions, Life360 is helping to create a safer, more connected world, one family at a time.
Conclusion
In conclusion, Life360’s record-breaking financial results for the fourth quarter and full year 2024 are a clear indication of the company’s continued growth and success in the family safety and connection market. With impressive gains in Monthly Active Users, Paying Circles, Subscription Revenue, and Annualized Monthly Revenue, Life360 is well-positioned to deliver even more value to its customers and contribute to a safer, more connected world.
- Life360 reported Monthly Active Users (MAUs) of approximately 79.6 million, a 33% increase year-over-year.
- Recorded annual net additions of 457 thousand to Paying Circles, bringing the total to nearly 2.3 million.
- Subscription Revenue grew 33% year-over-year to $115.5 million.
- Annualized Monthly Revenue increased 34% year-over-year to $367.6 million.
- Achieved positive Net Income in Q4 and Positive Adjusted EBITDA of $45.5 million for the year.
- Impact on consumers: continued innovation, improved solutions, and a better user experience.
- Impact on the world: growing importance of family safety and connection in a complex, interconnected world.
