Life360 Q2 revenue rises 45% to $70.8 million; 2023 EBITDA guidance raised
Life360 reported unaudited second-quarter 2023 results on August 14, 2023, with total revenue of $70.8 million, up 45% from a year earlier. The company posted a net loss of $4.4 million, down from $33.0 million in the prior-year quarter, and positive Adjusted EBITDA of $5.7 million. It raised calendar 2023 Adjusted EBITDA guidance to $9 million to $14 million while reiterating consolidated revenue guidance of $300 million to $310 million.
- Total revenue of $70.8 million, up 45% year over year; core Life360 subscription revenue of $47.6 million, up 57%.
- Net loss of $4.4 million versus $33.0 million in Q2 2022; Adjusted EBITDA of $5.7 million versus a loss of $18.7 million a year earlier.
- CY23 Adjusted EBITDA guidance raised to $9 million to $14 million from $5 million to $10 million.
- Cash, cash equivalents and restricted cash of $64.2 million at June 30, 2023, after the final Tile acquisition payment.