Highlights

  • Life360 (ASX:360) reported 2Q2026 revenue of US$159.0 million, up 38% year on year
  • Global monthly active users reached about 102.4 million, up 16%, while paying circles rose 27% to 3.2 million
  • Advertising revenue grew to US$22.0 million in the quarter following the Nativo acquisition
  • Full-year 2026 revenue guidance sits at US$650-685 million, with adjusted EBITDA guidance of US$130-140 million

Life360 operates a family connection and safety platform that helps households share locations, coordinate daily routines and respond to emergencies through its app, services and tracking devices.

Company Business

Life360's core offering is a mobile app that lets family members, known as a circle, see each other's locations and receive alerts. Revenue is generated mainly through paid membership subscriptions, supplemented by hardware sales of tracking devices, an expanding advertising business, and other revenue. Subscription remains the largest contributor, accounting for US$115.6 million of the US$159.0 million recorded in the June 2026 quarter. The company is incorporated in the United States, reports in US dollars, and has its CHESS Depositary Interests quoted on the ASX.

The user base is split between the United States and international markets. At the end of the June 2026 quarter, the company counted 54.0 million US monthly active users and 48.4 million international users. Paying circles totalled 3.2 million, with 2.3 million in the United States and 1.0 million internationally. Management has said its product work is aimed at serving all life stages, including pet owners, children and ageing adults.

Recent Developments

In August 2026, Life360 (ASX:360) released its second quarter results and confirmed that global monthly active users had passed 100 million, reaching about 102.4 million after 4.6 million net additions in the quarter. Paying circle net additions were 185,000.

The quarter also reflected the integration of advertising company Nativo, with the June quarter including net cash paid of US$55.6 million related to the acquisition. Advertising revenue rose to US$22.0 million from US$5.3 million a year earlier, and the company said integration of its ads platform was largely complete. Hardware revenue fell 20% to US$9.8 million, which management attributed to its exit from the brick-and-mortar retail channel.

In early October 2026, Life360 advised the market of conference call details for its third quarter results, with the earnings call scheduled for early November 2026. Other recent ASX filings have mainly comprised statements of CDIs on issue and US Form 4 notices relating to director and executive holdings.

Financial Performance and Sector Context

Total revenue for the June 2026 quarter was US$159.0 million, up 38% from US$115.4 million. Subscription revenue grew 31% to US$115.6 million, and core subscription revenue increased 34% to US$111.1 million. Annualised monthly revenue reached US$537.2 million, up 29%. Average revenue per paying circle rose 5% to US$142.56.

Gross margin improved to 80% from 78%, while operating expenses rose 43% to US$127.0 million, reflecting Nativo integration and continued investment. Net income was US$5.1 million, compared with US$7.0 million a year earlier. Adjusted EBITDA increased 53% to US$31.1 million, a margin of 20%. Operating cash flow was US$23.8 million, up 79%.

Cash, cash equivalents, restricted cash and short-term investments totalled US$467.7 million at the end of June. During the quarter, the company repurchased shares worth US$13.2 million, leaving US$211.8 million available under its US$225.0 million multi-year buyback program.

For the 2026 financial year, Life360 (ASX:360) guided to total revenue of US$650-685 million, representing growth of 33-40%. Subscription revenue guidance was raised to US$475-480 million, hardware guidance was lowered to US$35-45 million, and advertising guidance was held at US$98-115 million. Adjusted EBITDA guidance remained at US$130-140 million, and monthly active user growth guidance was kept at 17-20%, weighted to the second half.

Within the consumer technology sector, Life360 combines subscription, hardware and advertising income, placing it across both app-based services and digital advertising markets.

Risks to Consider

Life360's results depend on continued user growth and the conversion of free users into paying circles. The expansion into advertising introduces exposure to advertiser spending cycles and to privacy expectations around location-based data, which remain an area of regulatory attention. Hardware revenue has been declining following the retail channel exit, and operating costs have risen sharply with acquisitions and investment. Currency movements between the US and Australian dollars also affect how results translate for ASX holders.

What to Watch Next

The third quarter 2026 result, due in early November, will show progress on the second-half user growth weighting and on advertising revenue against the full-year range. Holders will also watch paying circle additions, average revenue per paying circle, international growth trends and the pace of share buybacks. Any change to full-year revenue or adjusted EBITDA guidance will be a key focus, as will commentary on hardware trends after the retail channel exit.

Key Insights

Life360 (ASX:360) reached a milestone of more than 100 million monthly active users in the June 2026 quarter, alongside 38% revenue growth and a 53% lift in adjusted EBITDA. Advertising has become a larger contributor following the Nativo acquisition, while hardware has contracted. Full-year guidance points to revenue of US$650-685 million, and the upcoming third quarter release will indicate how the business is tracking against those targets.