Life360 Q3 revenue rises 38% to $78.6 million; raises Adjusted EBITDA guidance
Life360 reported unaudited third-quarter 2023 results with total revenue of $78.6 million, up 38% from a year earlier, and a net loss of $6.5 million, narrowed from $21.1 million. It raised its calendar 2023 Adjusted EBITDA guidance to $12 million to $16 million from $9 million to $14 million and raised hardware revenue growth guidance to 10% to 15%, while reiterating consolidated revenue of $300 million to $310 million.
- Q3 2023 total revenue of $78.6 million, up 38% year over year; core Life360 subscription revenue of $50.6 million, up 50%
- Q3 2023 net loss of $6.5 million, compared with $21.1 million in Q3 2022; Adjusted EBITDA of $5.5 million, versus a loss of $9.4 million a year earlier
- CY23 Adjusted EBITDA guidance raised to $12 million to $16 million; consolidated revenue guidance of $300 million to $310 million reiterated
- Company expects fewer net subscriber additions in Q4 2023 than in Q3 2023, citing likely pull-forward effects in Q3 and seasonality