The Life360 Inc (ASX: 360) share price is in focus after the ASX tech share revealed its 2026 first-quarter update.
Life360 describes itself as a family connection and safety company business. It’s best-known for its location sharing between family (and other close people).
Strong revenue growth in 2026 first quarter
The headline growth is that the business reported total revenue growth of 38% to $143.1 million, with total subscription revenue of $108.2 million (up 32%).
Annualised monthly revenue (AMR) grew by 32% to $517.9 million and advertising revenue increased by 329% to $19.7 million. This was the first time that the company separately disclosed its advertising revenue.
The figures were helped by driven by pleasing user growth. The ASX tech share reported that quarterly global monthly active users (MAU) net additions came to 1.9 million. This took total MAU to 97.8 million, up 17% year on year.
Total global paying circle net additions were 1.9 million. Total paying circles increased 27% year on year to 3 million.
The business also reported that average revenue per paying circle grew 7% year on year, primarily because of a shift in the product mix towards higher-priced offerings across certain international markets during 2025.
Muted profit growth
The company saw a 46% increase in operating expenses to $118.6 million due to higher personnel-related costs because of company growth and the acquisition of Nativo, as well as increased growth media spending.
This led to adjusted EBITDA (EBITDA explained) growth of just 7% to $17.1 million.
But, the company did achieve positive operating cashflow growth of 42% to $17.2 million.
It ended the quarter with cash of $459 million, up from $288.6 million at the end of the first quarter of 2025.
Management comments
The Life360 CEO Lauren Antonoff said:
Life360 has become a meaningful part of everyday family life for more than 97 million people who use Life360 to keep their families safe and connected. The value we deliver to our members powered record-breaking Paying Circle additions in Q1.
At the same time, our Life360 Ads platform scaled to become a material part of our business. And with AI, we’re moving faster than ever to transform Life360 into the super app that makes everyday family better.
Looking ahead, we expect revenue growth acceleration into the back half of 2026 driven by both our core subscription business and our advertising platform entering its strongest seasonal window. We will continue to invest in strategic initiatives including international expansion, advertising platform scaling, and product innovation, while remaining committed to balancing growth investment with margin expansion.
Final thoughts on the Life360 share price
The Life360 share price is down more than 60% since October 2025, so investors aren’t expecting as much from the business.
The company is still growing strongly, but investors will want to see profit growth to justify a higher Life360 share price over the long-term.
I think the company has a stronger economic moat against potential future challengers than the market is giving it credit for.
Its revenue is growing strongly and this should help with operating leverage as time goes on. I think it’s one of the ASX growth shares worth watching.
