Life360 Inc (LIF) shares are soaring 5.15% in pre-market trading on Tuesday, following the release of its impressive first-quarter 2025 results and an upward revision of its annual subscription guidance. The location technology company's strong performance has caught the attention of investors and analysts alike.
According to the company's Q1 update, Life360 reported a 32% increase in revenue compared to the same period last year, reaching US$103.6 million. This growth was primarily driven by a 37% jump in core subscription revenue, which hit US$76.2 million. The company's adjusted EBITDA more than tripled to US$15.9 million, showcasing significant improvement in profitability.
In response to the strong results, Life360 has raised its 2025 subscription revenue guidance by US$5 million, now projecting a range of US$355 million to US$365 million. This positive outlook has prompted UBS to increase its price target for Life360 from $55 to $57, maintaining a Buy rating on the stock. The company's CEO, Chris Hulls, expressed optimism about the remainder of 2025, citing record highs in monthly active users, subscribers, and Q1 net additions as indicators of the company's strong market position and growth potential.
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