The Life360 Inc (ASX: 360) share price has jumped 13% after the business reported its 2025 first quarter update.
Life360 describes itself as a family connection and safety company, which keeps people “close to the ones they love”. The mobile app and Tile-tracking devices empower family members to be connected to the people, pets and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. It has users across more than 170 countries.
Life360 2025 first quarter
The company said it has built on its continuing momentum from prior quarters, the company achieved record-breaking result across key metrics.
Total 2025 first quarter revenue grew 32% year on year to $103.6 million, with total subscription revenue up 33% to $81.9 million. This is a key driver of the Life360 share price.
It also reported annualised monthly revenue (AMR) growth of 38% year on year to $393 million.
Adjusted EBITDA increased by $11.6 million to $15.9 million and it achieved positive operating cashflow growth of 13% year over year to $12.1 million.
Life360 reported it generated net profit (net income) of $4.4 million, which included other income of $2 million (related to dividend and interest income) and a benefit of income tax of $0.2 million.
The business reported it ended with a cash balance of $170.4 million, an increase of $95.8 million in the first quarter of 2024.
What drove this update?
The company said its 2025 first quarter’s global monthly active users (MAU) net additions were 4.1 million, which peaked up after a seasonally-soft 2024 fourth quarter. Total MAUs increased 26% year on year to approximately 83.7 million. US MAUs rose 17% to 45.3 million and international MAUs grew 39% to 38.4 million. This growth is a key factor for the Life360 share price.
The 2025 first quarter’s global paying circle’s net additions of 137,000 were up 43% year on year. Total paying circles grew 26% year on year to 2.4 million, supported by improved retention in the US.
Average revenue per paying circle increased 8% year on year largely because of US price increases for new and existing subscribers and a shift in product mix towards higher-priced offerings, along with legacy price increases, the launch of dual tier memberships in non-triple tier countries and continued growth in triple tier memberships in the UK and ANZ.
Final thoughts on the Life360 share price
The company has soared today, from April and from early 2024. it has been a real ASX success story.
I think the business can continue growing, particularly internationally, and its average revenue per paying circle can continue climbing. I don’t know how big the company can become, so it’s difficult to say if it’s good value today or not. But, it’s certainly one of the impressive ASX growth shares to keep an eye on.
