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Fund Manager Summary on Life360 Inc (ASX:360)
In January 2026, Airlie Funds Management commented that Life360 Inc (ASX:360) looked like an attractive small initial position after a sharp recent sell-off, arguing a single softer MAU print did not overturn otherwise strong P&L and cash flow and that advertising upside could drive meaningful upside. Across managers the consensus is that Life360 is a category-defining family-safety platform with a large, underpenetrated addressable market and durable structural tailwinds—managers cite global MAUs reported in the high tens of millions (c.88m–96m) with company guidance implying continued double-digit user growth toward c.115m, improving subscription metrics (paid circles and ARPPC) and expanding high-margin advertising and new verticals (pets, elder care, roadside/Tile) that materially broaden monetisation; supportive factors include a cash-strong balance sheet (noted US$434m) and recent EBITDA and revenue upgrades, while key risks and near-term pressures highlighted by managers are MAU volatility and quarter-to-quarter timing noise, valuation compression after a rapid rerating, technical selling (index reclassification), execution risk on acquisitions and Nativo integration, and the timing of ad revenue scaling—actionable considerations therefore are to monitor MAU growth and conversion trends, ARPPC and ad revenue traction, integration milestones and margin expansion, and to weigh current valuation and sector sentiment when sizing exposure, with several managers using pullbacks to buy while others trim positions citing reduced prospective returns or macro/AI-driven sector rotation.
Commentary From The Managers
There are 108 insights from 33 fund managers regarding their investment in Life360 Inc (ASX:360) available on Thesis Tracker.
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Commentary From The Managers
Alphinity Investment Management
16 Mar 2026
$19.39
Summary
- Alphinity Investment Management continues to hold Life360 Inc because the sell-off is viewed as a sector-wide overreaction disconnected from strong fundamentals.
- Life360 reported strong financial results yet was caught in a broader tech rout, creating a valuation opportunity.
- Alphinity describes this as a "software paradox" where sound businesses are punished by macro fear rather than earnings weakness.
- Life360 is considered more defensive than typical tech and less exposed to AI disruption themes.
Hyperion Asset Management
31 Jan 2026
$27.52
Summary
- Hyperion Asset Management believes Life360’s runway for revenue and EBITDA acceleration is clear and continues to hold because sustained MAU growth plus enhanced advertising capability from the Nativo acquisition will drive material top‑ and bottom‑line outcomes.
- 2025 guidance: management expects USD 486–489 million revenue (+31–32% YoY) and USD 87–92 million adjusted EBITDA (+91–102% YoY).
- MAU momentum: Life360 closed 2025 at 96 million MAUs (+20% YoY), with 2026 guidance implying sustained 20% growth to ~115 million MAUs by year‑end.
- Nativo acquisition: the deal is complete and is expected to significantly accelerate advertising efforts, improving monetisation cadence and revenue diversification.
- Thesis conviction: Hyperion views the company’s core subscription and advertising businesses as underappreciated by the market, with earnings and monetisation improvements set to realise over the next 12–24 months.
- Near‑term catalyst: full year 2025 results on 3 March should provide greater detail on FY25 performance and more granular 2026 guidance.
Firetrail Investments
31 Jan 2026
$27.52
Summary
- Firetrail Investments believes the January weakness is a market-driven reaction to a broader technology sell-off and continues to hold because Life360 delivered a positive operational update, beat guidance and consensus, and guided to sustained subscription momentum.
- Life360 underperformed in January despite the upbeat update, reflecting sector-wide selling rather than company-specific deterioration.
- The company’s operational update exceeded guidance and consensus, signalling stronger-than-expected underlying performance.
- Life360 guided to CY2026 monthly active user growth of +20%, above market expectations, underlining confidence in the core subscription business.
- Key near-term catalyst: full-year results on 3 March, where Firetrail expects a strong update on the advertising business and progress on new verticals such as pet tracking and elderly monitoring.
- The combination of accelerating subscription metrics, advertising upside and new verticals supports Firetrail’s continued conviction in the investment.
Wilson Asset Management
31 Jan 2026
$27.52
Summary
- Wilson Asset Management believes the market is overstating AI-related disruption risk to Life360 and continues to hold because fundamentals — notably user and monetisation growth — remain strong and the company's safety-focused moat supports long-term penetration in the core US market.
- Preliminary FY2025 trading update (Jan) showed strength: Monthly Active Users and Paying Circles growth came in ahead of analyst expectations.
- The announcement triggered a 27.4% one-day share price rise, but that gain subsequently retraced amid broader technology sector weakness.
- Current sentiment in the technology sector is weak and reminiscent of prior sector shocks (ResMed’s GLP‑1 moment in 2023; JB Hi‑Fi’s Amazon moment in 2017–18).
- Life360 retains a robust runway for ongoing penetration growth in its core US market, supported by strong MAU and paying-circle metrics.
- Wilson Asset Management sees the company’s location-based safety proposition as durable and differentiated, making AI disruption risk less material than market pricing implies.
- There may be no single catalyst to immediately shift sentiment; the focus is on companies where perceived AI threats are overstated and valuations can rebound as fundamentals reassert.
- Expectation that valuations and share prices will rebound strongly over time as market sentiment normalises and underlying business performance continues.
Solaris Investment Management
31 Jan 2026
$27.52
Summary
- Solaris Investment Management believes Life360's outlook remains intact and continues to hold because the recent guidance upgrade and solid MAU outlook addressed growth moderation concerns while AI-related disruption fears are, in our view, overstated.
- Volatility recap: Shares fell with broader weakness in higher-growth companies, rallied 27% after the guidance upgrade and MAU update, then partially retraced as renewed AI-related fears weighed on SaaS names.
- Guidance upgrade: Management’s improved guidance provided clearer visibility on near-term growth expectations and directly calmed investor concerns about slowing momentum.
- MAU strength: Solid monthly active user outlook signals persistent user engagement and underpins the company’s growth narrative.
- AI risk assessment: We view AI-related disruption concerns as overstated for Life360 given the company’s recent operating signals and the nature of its user base.
- Positioning: Solaris Investment Management remains overweight the stock, anchored to company-specific fundamentals rather than short-term sentiment swings.
- Opportunity: Retracements driven by macro/AI sentiment create a more attractive risk/return backdrop to hold exposure to the company’s improving visibility.
Wilson Asset Management
30 Jan 2026
$27.42
Summary
- Wilson Asset Management believes Life360 has undeniably strong fundamentals and reduced their position because the current valuation already prices in a lot of upside, macro conditions are uncertain, market positioning appears relatively full, and more attractive, deeply discounted opportunities exist elsewhere.
- Valuation: Not "scorched earth"—the share price still appears to be baking in considerable expectations rather than offering an outsized margin of safety.
- Opportunity set: The team prefers names that are more beaten-up in the sector (more "scorched earth") where potential returns look superior to Life360 today.
- Macro and positioning: Uncertainty in the macro backdrop and what feels like relatively full positioning reduce the attractiveness of incremental exposure.
- Behavioral risk: Prior highs may act as anchors for buyers, but that anchoring is not sufficient grounds for maintaining the position in Wilson Asset Management’s view.
- Bottom line: Despite great fundamentals, the combination of valuation, market positioning and opportunity set leads Wilson Asset Management to view Life360 as a sell.
Firetrail Investments
30 Jan 2026
$27.42
Summary
- Firetrail Investments believes the share price weakness is an attractive entry and continues to hold because the business can still deliver material user and volume growth, supported by a large addressable market and multiple growth levers.
- Market concern: Investors are worried the business is slowing or maturing, creating near-term pessimism that we view as overdone.
- Guidance and growth visibility: Management has flagged ~20% user growth in calendar 2026, which, if achieved, implies healthy volume and revenue momentum.
- Volume growth is the key driver: User growth translating into higher engagement/volume is central to sustaining tech-like growth rates and long-term value creation.
- Tech comparables: Sustaining ~20% growth is strong for a technology business and supports a premium multiple relative to slower-growth peers.
- Large global TAM: The company operates in a substantial addressable market with multiple levers to expand monetisation and geographic penetration.
- Valuation opportunity: The share-price pullback has reset expectations; we view current levels as a buying opportunity given the growth outlook.
- Conviction: Despite short-term noise, the combination of identifiable growth, TAM and multiple expansion potential means it remains a buy for Firetrail.
Airlie Funds Management
19 Jan 2026
$27.04
Summary
- Airlie Funds Management believes Life360 is an attractive opportunity and initiated a position because the share price tumbled ~40% last quarter after the company reported lower-than-expected user growth, creating a clearer entry point versus the upside potential.
- Rare global exposure on the ASX: Life360’s family-tracking app offers direct exposure to international consumer scale that is uncommon among Australian-listed stocks.
- Early-stage margin expansion: The business is in the initial phases of improving margins through product-led improvements and operating leverage, which can expand profitability as scale increases.
- User and monetisation optionality: While recent user growth disappointed, there remains scope for acceleration in users and greater monetisation per user via subscriptions and advertising.
- Advertising is a key catalyst: If advertising revenue gains traction, Airlie sees a credible path to more than 100% upside relative to the steady-state valuation.
- Valuation stance: The steady-state case implies the stock is roughly fairly valued today, but execution-led acceleration creates asymmetric upside versus downside.
- Portfolio rationale: We added Life360 to the portfolio to capture optionality on global growth and improving monetisation after the recent share-price correction.
Airlie Funds Management
16 Jan 2026
$29.23
Summary
- Airlie Funds Management believes the recent sell-off in Life360 is overdone and initiated a position because the share price has roughly halved after a single below‑expectations quarter while the business continues to perform well across most of the P&L and is generating positive cash flow.
- Small initial position: sized to express conviction while limiting exposure to short‑term volatility.
- Sell‑off trigger: the Q3 result included a weaker‑than‑expected US monthly average user (MAU) growth print; this metric is important but the miss was limited to one quarter.
- Performance context: Life360 was one of the best performing stocks until October, suggesting the recent move is a reversal from strong prior momentum.
- Fundamentals: the business is performing well across most of the income statement and is producing improving cash flow.
- Monetisation opportunity: material upside from building an advertising revenue stream on the freemium product, where incremental ad dollars drop through with almost no additional cost.
- Margin and cash‑flow leverage: ad monetisation can drive high incremental margins and significant cash‑flow expansion if adoption scales.
- Risk/return positioning: the combination of a sharp price decline, intact operating performance and a scalable high‑margin monetisation path creates an asymmetric opportunity that justifies a cautious initial stake.
Airlie Funds Management
31 Dec 2025
$33.53
Summary
- Airlie Funds Management believes Life360 offers rare global growth exposure on the ASX and initiated a position because the company is early in its user and margin expansion journey and the share price had declined ~37%, creating an attractive asymmetric opportunity.
- Position size: small allocation to capture upside while limiting portfolio risk.
- Growth drivers: global user growth and margin expansion are central to the thesis.
- Valuation view: steady-state case implies the stock is roughly fairly valued.
- Upside potential: a credible path to >100% upside exists under an acceleration scenario.
- Key catalyst: meaningful traction in advertising revenue could trigger the acceleration and unlock significant upside.
Blackwattle Investment Partners
31 Dec 2025
$33.53
Summary
- Blackwattle Investment Partners believes Life360 is materially undervalued and increased their position because the company combines a very large and growing household-based user network with strong monetisation upside (subscriptions and advertising), an improving business quality profile, and an attractive valuation with no net debt.
- Scale of users: ~90 million global MAUs and >50 million MAUs in the US, giving one of the largest household-based networks globally.
- Monetisation runway: Paying subscribers have grown strongly; the freemium model drives highly economical user acquisition and there is clear scope to lift paying MAU penetration and advertising revenue as new products/features roll out.
- Data advantages: Rich, household-level data per MAU that is nigh impossible to replicate, supporting differentiated commercial opportunities.
- Valuation metrics: Market cap ~US$5bn, implying ~$55 per MAU, which Blackwattle views as a significant underestimation of commercial potential.
- Balance sheet: No net debt for a global consumer tech company, reducing downside risk.
- Recent performance and market reaction: 3Q25 results were strong but a ~2% MAU miss and a growth-to-value rotation led to a >15% stock decline in December (c.17%) and an earlier ~20% fall on the initial reaction.
- Quality transition: Blackwattle views Life360 as an "Improving Quality" business, having moved beyond "Early Quality" over the past six months.
- Action on weakness: Recent pullbacks and an attractive risk/reward profile prompted Blackwattle to top-up the position.
- Long-term conviction: A marginally slower MAU growth quarter is immaterial to the long-term thesis given multiple growth levers—geographic expansion, new products, subscriptions and advertising—supporting confident upside.
Solaris Investment Management
31 Dec 2025
$33.53
Summary
- Solaris Investment Management believes Life360's fundamentals remain intact and continues to hold because the recent share-price decline is driven by a sector-wide rotation and rising rates rather than a deterioration in the company’s core business metrics.
- Solaris Investment Management has an overweight position; the stock is down -37.0%.
- Solaris Investment Management highlights strong underlying business metrics reported by the company, which support confidence in its growth trajectory despite the price action.
- Solaris Investment Management attributes the sell-off to rising bond yields and premium valuations making high-growth technology names particularly vulnerable.
- Solaris Investment Management views the move as a sector-driven dislocation and a valuation reset, increasing conviction in maintaining overweight exposure.
- Solaris Investment Management remains attentive to macro risks (rates and sentiment) but continues to hold given the disconnect between price and fundamentals.
Paradice Investment Management
31 Dec 2025
$33.53
Summary
- Paradice Investment Management believes Life360 remains a structurally growing, global consumer platform and continues to hold because accelerating international scale, rising ARPU from deeper monetisation, new verticals (pets, aged care) and accretive M&A (Nativo) underpin significant earnings leverage and margin upside despite near-term MAU noise and market volatility.
- Quarter performance: 360 detracted from Fund returns in the December quarter amid a broader technology sell-off, compounded by short-term concerns over slowing MAU and management stock sales.
- MAU view: The observed MAU decline is viewed as noise in a volatile metric rather than a signal of structural demand deterioration; Paradice will continue to monitor this metric.
- Driver of Q3 slowdown: Meetings with management indicated the Q3 deceleration was due to marketing timing shifts, user mix changes and tough year‑on‑year comparisons — factors assessed as temporary.
- Growth runway: The 360 platform is well positioned for multi‑year growth as international markets reach scale and adoption thresholds that historically drive traction.
- Monetisation upside: Deeper monetisation is expected to drive rising ARPU and material earnings leverage as the platform matures.
- New verticals: Rollout into pets and aged care expands TAM and creates additional monetisation pathways.
- Nativo acquisition: The recently acquired Nativo business is performing ahead of expectations, enhancing advertising revenue and broadening bolt‑on optionality.
- Valuation view: Consensus (~FY27E 50x P/E, ~24% EBITDA margin) likely understates the platform’s earnings leverage and margin potential as scale and monetisation progress.
- Investment stance: Fundamentals are considered robust and the recent pullback is viewed as an attractive entry point into a structurally growing, global consumer platform.
SG Hiscock & Company
31 Dec 2025
$33.53
Summary
- SG Hiscock & Company believes the recent share price weakness is technical, not operational, and continues to hold because Life360 is executing its growth strategy and underlying fundamentals remain intact
- Company: Family safety app Life360 (ASX: 360)
- Reclassification impact: Reclassified as a foreign-domiciled company reduced index-eligible shares from ~232 million to ~171 million
- Index-related selling: Implied ~4.7 million shares of index-related selling in December, which weighed on the share price
- Performance driver: December underperformance driven by the market adjusting to the technical change rather than by operational deterioration
- Focus: Remain focused on underlying fundamentals and ongoing execution of the growth strategy; discussed in detail last month
Firetrail Investments
31 Dec 2025
$33.53
Summary
- Firetrail Investments believes Life360 is undervalued after the December pullback and continues to hold because the company is launching multiple new revenue streams that materially improve long-term monetisation and retention.
- December underperformance reflected a broader sell-off in high-growth tech amid AI bubble concerns and year-end profit-taking, rather than company-specific deterioration.
- Recent launches of new revenue verticals — advertising, pet tracking and elderly monitoring — create clear pathways to incremental revenue.
- These verticals are expected to enhance conversion of free users to paying subscribers and boost subscriber retention, increasing customer lifetime value.
- Improved monetisation and retention support a stronger long-term growth profile relative to current market pricing, implying potential valuation upside.
- Firetrail continues to monitor execution on product rollouts and monetisation metrics but remains confident the product pipeline underpins the investment thesis.
Yarra Capital Management
31 Dec 2025
$33.53
Summary
- Yarra Capital Management reduced their position in Life360 Inc because weaker-than-expected near-term revenue guidance and the availability of more compelling opportunities prompted a reduction.
- Life360 third-quarter results pointed to a slower revenue trajectory into year-end as the company adjusts its membership structure.
- The softer near-term outlook and availability of more compelling investment opportunities drove the decision to reduce exposure.
- Yarra maintained an underweight stance overall but chose to further reduce the position given reduced near-term conviction in the growth re-acceleration.
Firetrail Investments
30 Nov 2025
$39.35
Summary
- Life360 underperformed in November following its September quarterly update, with MAU growth below expectations.
- Net adds were 3.7 million versus the 6 million consensus estimates.
- Management attributed slower growth to:
- A record June-quarter advertising campaign that pulled forward 4.3 million net adds.
- A shift toward higher-conversion subscribers aged 35–50, improving free-to-paid conversion but reducing broad-reach growth.
- Normal quarterly MAU volatility, with September’s 3.6 million net adds still above the five-year average of 3.5 million.
- Despite the softer MAU result, Life360 delivered a strong EBITDA beat (+30% vs consensus).
- Upgraded CY25 revenue and EBITDA guidance by +2% and +12%.
- The core business remains robust, with emerging verticals such as pet tracking and advertising expected to support ongoing revenue growth and new monetization opportunities.
Yarra Capital Management
30 Nov 2025
$39.35
Summary
- Yarra Capital Management maintains an underweight position in Life360.
- The company underperformed after its third-quarter results.
- Life360's results showed a slower revenue trajectory heading into year-end.
- The company is adjusting its membership structure, impacting short-term performance.
- Given the softer near-term outlook, Yarra Capital Management is cautious.
- There are more compelling opportunities within the technology sector at present.
Selector Funds Management
30 Nov 2025
$39.35
Summary
- Selector Funds Management notes Life360's strong third quarter performance with revenue reaching US$124.5m, marking a 34% increase.
- The company recorded an adjusted EBITDA of US$24.5m, which is a remarkable 174% growth compared to the previous year.
- Life360 successfully added 3.7m global monthly active users (MAUs), a 19% increase, bringing the total to 91.6m.
- Paying circle additions grew by 23% to 170,000, contributing to a total of 2.7m through improved customer conversion strategies.
- The company reported an Annualised Monthly Revenue of US$446.7m, reflecting a 33% expansion.
- Life360 announced the acquisition of Nativo for US$120m, which positions the company to enhance its advertising capabilities.
- The guidance for FY25 revenue has been upgraded to a range of US$474m-US$485m, indicating positive growth expectations.
- Adjusted EBITDA guidance for FY25 has also been revised higher to US$84m-US$88m.
- Life360 currently holds a market capitalisation of $6.4b.
Ausbil Investment Management
30 Nov 2025
$39.35
Summary
- Life360 (360) experienced a drop of -18.8% amid a softer month for technology stocks.
- Ausbil Investment Management notes that despite this drop, the company delivered a solid trading update and upgraded its full-year guidance.
- Market concerns were primarily focused on the pace of Monthly Active User growth.
- Ausbil believes the user growth concerns reflect normal quarterly variance rather than a structural slowdown, given the low global penetration of the service.
- Looking ahead, Life360 has an exciting 12 months involving various initiatives:
- Integration of the recent Nativo acquisition
- Rollout of the recently launched pet product
- Opportunities in elder care
- Ausbil Investment Management added to their position during the pullback.
Ophir Asset Management
30 Nov 2025
$39.35
Summary
- Ophir Asset Management notes that Life360 (ASX: 360) was a major detractor in performance, falling -18.8% over the month.
- Despite the decline, the company reported a strong earnings beat and raised guidance in its 3Q25 results.
- Concerns arose regarding a slowdown in monthly active user growth in the U.S.
- This slowdown led to systemic hedge fund selling pressure on the stock.
- Follow-up discussions with management have reaffirmed Ophir Asset Management's conviction in maintaining their position in Life360.
QVG Capital
30 Nov 2025
$39.35
Summary
- Life360 delivered a strong September quarter result, showcasing revenue momentum, firmer margins, and healthier cash flow.
- Business remains on track with positive indicators in paid subscriptions and solid user engagement.
- Despite these strengths, the market reacted negatively, leading to a drop in share price.
- Investors expressed concerns over lower-than-expected growth in Monthly Active Users.
- For a company priced for perfection, even minor shifts can trigger significant market reactions.
- QVG Capital continues to hold its position as the fundamentals remain robust despite market fluctuations.
Endeavor Asset Management
30 Nov 2025
$39.35
Summary
- Endeavor Asset Management continues to hold its position in Life360 due to its focus on family safety.
- Life360 (360) experienced a 19% decline in share price following a quarter of soft monthly active user data.
- The company has acquired Nativo, an advertising distribution technology platform.
- Investor sentiment towards the Nativo acquisition is sceptical.
- Life360 previously faced scepticism with its acquisition of Tile, which expanded its hardware business.
- The acquisition of Tile has been successful, unlocking new addressable markets such as the Pet tracking industry.
- Endeavor believes that Life360 is further cementing its advertising capability.
- This advertising capability will be integrated into its core app, enhancing its traffic and providing highly targetable eyeballs using first-party data.
- Life360 operates with no reliance on third-party advertising providers.
Blackwattle Investment Partners
30 Nov 2025
$39.35
Summary
- Update from Blackwattle Investment Partners: Blackwattle Investment Partners updates its investment thesis on Life360 (360) in light of recent company developments and share price weakness.
- Recent performance impact: Life360 was a large detractor to Fund performance, driven by negative sentiment toward technology and market focus on a moderation in MAU growth following the Q3 update.
- Q3 management priorities: Management emphasised launching Petcare and prioritising paying customers during the quarter, which delivered earnings upgrades despite MAU moderation.
- Ad-spend flexibility: Life360 can reallocate advertising spend between paying subscribers (supporting near-term revenue) and free-app users who inflate MAU, reducing reliance on headline MAU metrics.
- Undervalued advertising opportunity: Blackwattle Investment Partners believes the market underappreciates Life360’s advertising revenue potential, an opportunity expected to be accelerated by the acquisition of Nativo.
- Additional growth avenues: Other expansion opportunities include ongoing geographic expansion, products for Elderly care, and further monetisation of Petcare.
- Manager view (not financial advice): The updated thesis focuses on monetisation of paying users and advertising upside rather than short‑term MAU trends; this is a Blackwattle Investment Partners view and not financial advice.
Infinity Asset Management
31 Oct 2025
$49.76
Summary
- Infinity Asset Management continues to assess its position in Life360.
- They trimmed their position, locking in profits after strong share price performance in recent months.
- The focus remains on the company's future growth prospects and market positioning.
- Infinity Asset Management is committed to monitoring industry trends affecting Life360.
- They emphasize the importance of strategic adjustments in response to market fluctuations.
QVG Capital
31 Oct 2025
$49.76
Summary
- QVG Capital has observed that Life360's share price has recently appreciated significantly.
- Due to this strong appreciation, QVG Capital has reduced their position in Life360.
- While QVG Capital appreciates the business and its founder, Chris, they note that the prospective returns have diminished as the stock price has increased.
- October's retracement, the recent launch of Pet tracking devices, and the upcoming September quarter results are factors that QVG Capital is considering in their updated thesis.
Ellerston Capital
30 Oct 2025
$49.10
Summary
- Life360 is among Ellerston Capital's top holdings.
- It’s recognized as one of the hottest stocks on the ASX.
- Ellerston Capital remains positive on the medium-term outlook.
- Life360 ranks as the 13th most-used app in the US App Store by daily active users.
- In 2024, Life360 generated $US372 million in revenue, highlighting a significant gap compared to other top apps.
- This gap indicates a substantial growth opportunity for Life360.
- Life360’s membership product focusing on driver safety and roadside assistance has proven effective in increasing monetization.
- It offers its product at a substantial discount to competitors, leveraging its customer base.
- This strategy allows for materially lower customer acquisition costs compared to traditional roadside assistance competitors.
- Ellerston Capital expects Life360 to replicate this model and expand its family-focused offerings.
- The recently launched pet tracker is a testament to this expansion.
- The value inherent in Life360’s live location database is unique globally in its quality and scale.
- While it’s still early for advertisers, the potential for targeted and measurable advertising products is significant.
- Ellerston Capital believes strong revenue will accrue from the data's value.
- Initial investment was around $7 in mid-2023, with active management of the position since.
- Current position size is lower than the average, reflecting a balanced assessment of risk versus return.
Pendal Group
27 Oct 2025
$50.14
Summary
- Pendal Group continues to hold Life360 (360, +5.2%) due to its strategic initiatives.
- Launch of the highly anticipated Pet offering is a significant development.
- The Pet offering is currently being bundled with the Gold/Platinum product.
- This bundling may dilute gross margins in the short term.
- However, it is expected to improve churn and value over the long term.
Ausbil Investment Management
6 Oct 2025
$54.83
Summary
- Life360 has 88 million monthly users and is projected to exceed 100 million.
- Ausbil began considering Life360 during its ASX listing in May 2019 at $4.79 per share.
- Initially, Life360 did not meet Ausbil’s liquidity and profitability criteria.
- Ausbil started purchasing shares around $5 in May 2021 as Life360 approached cashflow breakeven.
- Life360 now trades over $55 per share, having significantly increased in value.
- The firm believes the growth story for Life360 is just beginning, especially with expansions into pet and elderly care markets.
- These new divisions could potentially match or exceed the current business in size.
QVG Capital
30 Sept 2025
$53.22
Summary
- QVG Capital notes remarkable share price appreciation for Life360, indicating strong future expectations.
- Position reduction in Life360 has begun, reflecting a shift in prospective returns.
- Despite reducing position, QVG Capital remains open to potential upside surprises.
- Life360 continues to meet expectations, with rising anticipation for their 3rd quarter results.
- App usage momentum is increasing, evidenced by higher reviews and ratings.
- Life360 app surpasses the iOS Gmail app in both reviews and ratings, showcasing its growing popularity.
LHC Capital
30 Sept 2025
$53.22
Summary
- Life360 solidifying its position as the category-defining global super-app for family safety.
- Reported a 65.4% increase in share value.
- Strong quarterly financial performance with revenue growth of 36% year on year to US$115.4m.
- Annualised Monthly Revenue reached US$416.1m.
- Adjusted EBITDA rose 85% to US$20.3m, showing effective expense discipline and margin expansion.
- Management lifted FY25 guidance to US$462–482m of revenue and US$72–82m of Adjusted EBITDA.
- Generated positive free cash flow, ending the period with a fortress balance sheet holding US$434m in cash.
- Global Monthly Active Users (MAU) reached c.88.0m, up 25% year on year with net adds of 4.3m.
- Paying Circles rose 25% to 2.5m after a record 136k net adds.
- Subscription revenue increased 35% to US$88.6m; core subscription revenue grew 38% to US$82.9m.
- Average Revenue Per Paying Circle (ARPPC) rose 8% on price and mix.
- Leadership transition completed with Chris Hulls becoming Executive Chairman and Lauren Antonoff promoted to CEO.
- Long runway for growth in the USA and tailored approaches for international markets.
- Advertising being built intentionally, with expectations for international ARPPC to trend toward U.S. levels over time.
- Second quarter results showed the best MAU growth since 3Q23.
- U.S. paid subscriptions growing faster than MAUs, indicating improving funnel quality.
- Guidance upgrade suggests a strong start to the current quarter, coinciding with back-to-school season.
- Potential upside from pet tracking and growing partner integrations.
- LHC Capital continues to hold due to Life360's strong execution against a flywheel of scale, conversion, and ARPPC.
- Company enters the next few quarters from a position of strength with record KPIs and operating discipline intact.
First Sentier Investors
30 Sept 2025
$53.22
Summary
- First Sentier Investors has a positive outlook on Life360 due to its strong performance in the 2Q25 earnings update.
- Life360 achieved positive operating cash flow for the ninth consecutive quarter.
- The company reported double-digit growth in revenue and EBITDA.
- Growth was driven by strong momentum in the core subscription business.
- Life360 saw a 25% year-on-year increase in global monthly active users and paying circles.
- Continued cost discipline has supported this growth.
- Looking forward, Life360 has several opportunities for further monetisation.
- Potential growth levers include converting more users to paying subscribers.
- There are opportunities for international expansion.
- Life360 aims to grow advertising and indirect data sales.
- The company plans to launch new products such as pet tracking and elder care.
Ten Cap
30 Sept 2025
$53.22
Summary
- Life360 (360) has shown strong performance following recent results.
- Performance is supported by robust download data.
- There is growing market recognition of its advertising potential.
- Ten Cap sees significant earnings upside with the rollout of the Pets feature.
- The company is positioned to leverage its trusted on-device presence to boost ad revenue.
Milford Asset Management
30 Sept 2025
$53.22
Summary
- Life360 saw a 14.5% rally in September and is up 217.9% since April lows.
- No specific news contributed to the rise, but market confidence in the business is increasing.
- High-frequency data indicates that user numbers are approaching critical adoption curves in key countries.
- Milford Asset Management continues to actively manage this position, leveraging dislocation periods like April.
- The fund is cautious and reduces exposure when optimism becomes excessive.
Ausbil Investment Management
30 Sept 2025
$53.22
Summary
- Life360 (360) returned +65.4% for the September quarter, following a strong second quarter result.
- Upgrade to full-year subscription revenue and EBITDA indicates positive momentum.
- Investor attention is shifting to the seasonally stronger ‘back-to-school’ quarter.
- Download data suggests another strong period of user growth.
- Several strategic and growth opportunities exist in areas such as pet tracking, elderly monitoring, advertising, and off-app billing.
- Ausbil continues to hold because they believe 360 is well positioned for ongoing top-line and earnings growth.
Paradice Investment Management
30 Sept 2025
$53.22
Summary
- Life360 delivered another strong quarter operationally, confirming continued momentum across both subscription and advertising revenue streams.
- Total revenue rose 36% year-on-year in Q2, driven by sustained Monthly Active User (MAU) growth in international markets (+38% YoY) and steady gains in the US (+15% YoY).
- The company upgraded its FY25 guidance, highlighting increasing monetisation from premium tiers and cross-platform product integration.
- Investors responded positively to improving operating leverage, with cash flow continuing to build and gross margins expanding.
- The stock has rallied more than 60% over the calendar year, reflecting confidence in management’s disciplined approach to growth.
- Paradice Investment Management continues to hold due to the scalability of the business, even as they trim modestly into strength.
Kardinia Capital
30 Sept 2025
$53.22
Summary
- Life360 rose 14% despite no significant newsflow.
- The stock continues to perform strongly after a “beat and raise” result in August.
- Life360 remains the dominant player in family tracking with a long runway ahead due to low global penetration.
- The company has high subscriber retention.
- Life360 has a large and growing total addressable market.
- It maintains a positive balance sheet.
- The business model is capital light.
- Life360 exhibits strong free cash flow growth.
Oracle Advisory Group
30 Sept 2025
$53.22
Summary
- Life360 continues to surge and as of 30th September was up 136.1%.
- In Q2, Life360 reported 88 million users with revenues up 36% y/y to $115.4 million.
- Only about 15% US market penetration indicates potential for growth.
- Approximately 10.4 million users are now active monthly on the Life360 platform.
- Life360 turned profitable with EBITDA of $20.3 million (18% margin).
- US subscription revenues made up 60% of the total, while international revenues constituted 11%.
Firetrail Investments
30 Sept 2025
$53.22
Summary
- Firetrail Investments notes continued strong performance of Life360 in September, benefiting from the current "age of anxiety."
- No specific news was released to the ASX, yet short-term indicators like app downloads suggest ongoing momentum.
- Upcoming launch of a new pet tracking feature is anticipated, aligning with guidance for introduction before the US holiday season.
- There is a belief that the market is underestimating the potential conversion from free to paid users due to this valuable addition to the platform.
Blackwattle Investment Partners
26 Sept 2025
$52.67
Summary
- Blackwattle Investment Partners continues to hold a positive outlook on Life360 Inc.
- The business is approaching 100 million users globally, with significant growth potential.
- Currently, only 15% penetration in the US market indicates room for expansion.
- Life360's model relies on a large free user base that drives referrals and family engagement.
- Conversion of free users to paid subscribers occurs at a low cost, primarily through email or mobile contact.
- The business demonstrates immediate profitability benefits, distinguishing it from many tech peers.
- Life360 is transitioning into a high-quality, top-quartile business from its earlier stages.
- Overall, Blackwattle Investment Partners believes in the enduring growth opportunity for Life360.
Pendal Group
26 Sept 2025
$52.67
Summary
- Pendal Group maintains a positive outlook on Life360 Inc.
- The company operates in a large market with significant growth potential.
- Life360 has reached a point of being self-funding, marking a critical inflection for growth stocks.
- It generates multiple revenue sources, including app subscriptions and advertising revenue.
- The management team is capable, which is crucial for execution in growth companies.
- Pendal Group focuses on the company’s ability to execute and benchmark management against its own milestones.
ELM Responsible Investments
31 Aug 2025
$45.60
Summary
- Life360 reported an exceptional Q2 2025, with revenue rising 36% year-over-year to $115.4 million.
- Net income turned positive at $7.0 million, a significant improvement compared to a loss in the prior year.
- Monthly active users grew 25% to approximately 88 million, indicating strong user engagement.
- Paying subscribers increased by 25%, which drove core subscription revenue up 38%.
- Life360 expanded its international footprint, particularly in markets like Australia, Canada, and the UK.
- Gross margins improved to 78%, reflecting stronger recurring revenue streams.
- ELM Responsible Investments continues to hold because there is significant growth potential through conversions, given the disparity between 2.5 million paid subscribers and over 88 million users.
Firetrail Investments
31 Aug 2025
$45.60
Summary
- Life360 outperformed during the month after reporting better than expected results.
- The company showed continued progress in growing subscribers to now 88 million globally.
- Revenue up 36% in the quarter.
- Focus on launching a pet tracking product this year, likely to convert free users to paid subscribers.
- Firetrail Investments views advertising revenue driven by rich location data as a significant growth driver in the coming years.
Kardinia Capital
31 Aug 2025
$45.60
Summary
- Life360 rose 16% after a "beat and raise" result.
- App store data leading into the 2Q25 result suggested record downloads.
- The company reported a 25% increase in global monthly active users to 88 million.
- Revenue grew 36% to $115 million with EBITDA up 85% to $20 million.
- Life360 remains the dominant player in family tracking with a long runway ahead due to still low global penetration.
- The company has high subscriber retention and a very large and growing total addressable market.
- Life360 has a positive balance sheet, is capital light, and exhibits strong free cash flow growth.
Blackwattle Investment Partners
31 July 2025
$40.16
Summary
- Blackwattle Investment Partners notes that Life360 (LIF) has delivered strong gains.
- Following a substantial valuation re-rate, Blackwattle Investment Partners has trimmed their holding.
- Third-party data indicates app downloads are growing at a robust 30–40% annualised rate.
- Life360 boasts a global user base exceeding 80 million, positioning it well for revenue growth.
- Revenue growth is anticipated through advertising, data monetisation, and new products (e.g., pet and aged care tracking).
- There remains significant expansion potential in non-core markets outside the US and Australia.
- Blackwattle Investment Partners views Life360's $1 billion revenue target as credible, supported by user growth and multiple monetisation streams.
Spheria Asset Management
31 July 2025
$40.16
Summary
- Life360 (360.ASX) saw a +25% return during the month as tech stocks boosted global sharemarkets.
- Spheria Asset Management does not currently own Life360 due to its nascent profitability.
- The valuation of Life360 factors in significant market penetration and a transition from free to paid users.
- There is potential for substantial advertising revenue growth for Life360.
- Life360 is recognized as a strong product with a large addressable market.
- The company is gaining market share in its sector.
- Spheria Asset Management will continue to monitor Life360 for improvements in the risk-reward equation.
Firetrail Investments
31 July 2025
$40.16
Summary
- Firetrail Investments notes that the family safety app Life360 outperformed in July, driven by strong high-frequency indicators of application usage and revenue.
- Several positive broker initiations have contributed to this performance, particularly focusing on the 360 “platform”.
- Currently, most of Life360's revenue comes from subscriptions for its core location sharing and family safety product.
- However, Firetrail Investments believes this core product may take a back seat as the company explores new revenue streams.
- This presents a unique opportunity, as the app is now installed on one in seven smartphones in the US.
Endeavor Asset Management
31 July 2025
$40.16
Summary
- Endeavor Asset Management notes a 25% rise in shares of Life360, indicating a recovery from recent weakness.
- Google Trends data shows record high consumer interest, suggesting potential for user growth.
- The upcoming launch of a pet tracking product in late CY25 could expand Life360’s addressable market.
- This product launch is expected to significantly increase new user additions and average revenue per user.
- Advertising is emerging as a new, scalable revenue stream, offering potential for meaningful operating leverage.
- Life360 is scheduled to report its June quarter results on 12th August.
Sage Capital
31 July 2025
$40.16
Summary
- Sage Capital continues to hold its position in Life360 (ASX: 360 +25%) due to strong execution and performance.
- Life360 is experiencing strong subscriber and profit growth.
- The company has a significant and sustainable competitive advantage in location tracking.
- New initiatives such as pet tracking are being introduced.
- Life360 is also focusing on monetising non-paying subscribers through advertisements.
- These strategies are expected to underpin continued strong growth for the company.
Milford Asset Management
31 July 2025
$40.16
Summary
- Milford Asset Management notes strong performance from Life360, which surged 24.8% in July and is up 139.9% since April lows.
- High frequency data indicates user numbers are reaching critical adoption curves in key countries.
- Advertising strategy is beginning to take shape, with further progress anticipated.
- Milford Asset Management continues to actively manage this position, leveraging periods of dislocation like in April.
- Position is reduced when optimism becomes excessive.
Ophir Asset Management
23 July 2025
$37.50
Summary
- Long-time holding in the Australian portfolio.
- Life360 is a unique platform-style B2C business in Australia.
- Possesses virality with low customer acquisition costs.
- Potential for significant growth as they expand the platform into advertising, pet services, and aged care.
- Despite the stock’s rerated multiple, there is confidence in its long-term optionality and monetisation potential.
Endeavor Asset Management
30 June 2025
$32.18
Summary
- Endeavor Asset Management notes a recent easing in Life360 (360) shares as investors took profits after record highs in late May.
- The company was a standout performer in FY25, with shares advancing 97%.
- Key drivers of confidence include rapid subscriber growth, faster advertising monetisation, widening margins, and a stronger balance sheet.
- Expectations for FY26 include advertising becoming a more material revenue stream and international markets contributing meaningful momentum.
- Despite trimming the holding after a strong run, Endeavor Asset Management believes the valuation still offers compelling upside.
SG Hiscock & Company
30 June 2025
$32.18
Summary
- SG Hiscock & Company notes that Life360's quarterly update in May was positively received by investors.
- Life360 boasts an impressive 84 million monthly average users (MAUs), highlighting its strong brand in family location sharing services.
- Only Facebook, Facebook Messenger, and WhatsApp have more average daily users in the US than Life360.
- The company is not just focused on user numbers; subscription service profits are growing at strong rates.
- There is building momentum in the advertising business, targeting its extensive user base.
- While current advertising revenue is modest, historical precedents show that apps can significantly scale their advertising revenues.
- Early indicators suggest that Life360 has the potential to develop a profitable advertising stream from its large user base.
ELM Responsible Investments
30 June 2025
$32.18
Summary
- Life360 is a leading provider of family safety and location-sharing services, offering a mobile app and tracking devices.
- The technology enables users to track family members in real time, receive alerts for safe driving and emergencies, and locate lost items.
- In Q1 2025, Life360 achieved record results, with revenue growing 32% year-over-year to US$103.6 million.
- The number of active users reached 83.7 million, with 2.4 million paying subscribers, indicating strong demand.
- Life360 turned a profit of US$4.4 million this quarter after several years of losses and improved cash flow and margins.
- The company forecasts total revenue between US$450 million and US$480 million for 2025, supported by its subscription-based model.
- ELM Responsible Investments continues to hold because of Life360's expanding global reach and strong demand for safety features.
Oracle Advisory Group
30 June 2025
$32.18
Summary
- Life360 surged this quarter due to strong 1HFY25 results.
- Reported a 32% year-on-year revenue increase to $103.6m.
- Global Monthly Active Users (MAU) rose by 26% year-on-year.
- Adjusted EBITDA increased nearly 4x from $4.3m a year ago to $15.9m.
- Earnings per share turned positive to $0.05 from negative a year ago.
- Oracle Advisory Group continues to hold due to these strong performance indicators.
Antares Capital
30 June 2025
$32.18
Summary
- Life360 posted a very strong March Quarter result, exceeding expectations for paying subscribers.
- Advertising revenue is becoming a more meaningful contributor, with new deals announced.
- Antares Capital sees great potential for advertising revenue and data-driven revenue to exceed subscription revenues.
- The company is focusing on increasing penetration into multiple countries.
- Compared to other tech peers, Life360 has further growth potential.
- Record net subscriber additions and accelerating core subscription growth were achieved.
- Paying Circles rose by a record 159k QoQ, with strong growth in Monthly Active Users.
- Subscription revenue growth accelerated to ~34% YoY in Q3, exceeding most forecasts.
- Revenue and gross margins expanded, despite temporary hardware delays affecting revenue.
- Direct to consumer sales rebounded swiftly, and the advertising platform is on track for FY24 guidance.
- Antares Capital believes the business is well-positioned to leverage its scalable, high-margin subscription base.
- Growing advertising optionality sets a strong runway for future years.
Sage Capital
30 June 2025
$32.18
Summary
- Sage Capital has a long position in Life360 (ASX:360 +62%) due to strong platform growth.
- Life360 boasts a large installed user base, enhancing its market presence.
- Future revenue opportunities are anticipated in location-based advertising.
- There is potential for entry into elderly care, expanding service offerings.
- Life360 has unrivalled location-based data, with over 90% of users tracked continuously.
- This data allows for tailored advertising to microscale geographic areas.
- The unique characteristics of this data are seen as highly valuable.
Ausbil Investment Management
30 June 2025
$32.18
Summary
- Life360 (360) achieved a +62.4% return in the June quarter, driven by exceptional quarterly results that surpassed consensus expectations.
- Revenue and EBITDA performance exceeded forecasts, leading to an upgrade in subscription revenue guidance for the full year.
- Strong growth in paying users was noted during a typically softer quarter.
- Life360's vision of a full family ecosystem is becoming more apparent, supported by recent partnerships with AccuWeather and Aura.
- Ausbil believes the market is underestimating the potential of 360’s pet hardware offering, which could significantly boost user adoption and lifetime customer value.
Smallco Investment Manager
30 June 2025
$32.18
Summary
- Life360 (360) has shown a significant increase of 62%, making it the largest positive contributor in the June quarter.
- The app, focused on family connection and safety, reported a strong quarterly result with continued momentum in attracting and monetising new subscribers.
- This growth is evident in both US and International markets.
- Progress has been made in establishing an advertising platform, which is expected to be a major driver of future revenues.
- The advertising platform will utilise 360’s unique location-based data and its large user base of approximately 84 million global active monthly users.
- Additionally, Life360 is planning to expand into pet care and elderly care markets, creating new verticals that leverage its location tracking and connection capabilities.
Paradice Investment Management
30 June 2025
$32.18
Summary
- Paradice Investment Management notes a strong rise in Life360's share price during the quarter.
- The key driver was the 1Q25 result announcement on May 13, which exceeded consensus expectations.
- Subscription revenue grew +33% Year on Year (YoY).
- International Monthly Active Users (MAU) growth accelerated to +39% YoY.
- US MAU growth remained robust at +17% YoY.
- EBITDA reached US$15.9m, surpassing consensus of US$9.1m and the previous corresponding period of US$4.3m.
- Net cash increased by US$10m to US$170m, boosted by US$12m of operating cash flow.
- FY25 Revenue and EBITDA guidance remains unchanged.
- The stock continues to be one of Paradice Investment Management's core holdings.
- Partial sell-down occurred into share price strength over the holding period.
- Expectations for strong subscription growth and rising advertising revenue remain.
- Benefits anticipated from new product rollout.
Vinva Investment Management
30 June 2025
$32.18
Summary
- Vinva Investment Management reports a positive contribution from an overweight position in Life360 Inc. (+41bps).
- Life360 outperformed expectations following a solid 1Q25 performance.
- Total revenue guidance for Life360 is projected at $450–480m, indicating a year-over-year growth of 21–29%.
- The growth is driven by a 33% increase in subscription revenue.
- During the quarter, Life360 added 4.1 million monthly users.
- Strategic partnerships with Aura and AccuWeather are expected to boost revenue growth potential.
- The decision to maintain an overweight position in Life360 is underpinned by behavioral signals.
Blackwattle Investment Partners
30 June 2025
$32.18
Summary
- Life360 continues to show strong momentum, with total monthly users growing 26%.
- Subscription revenue has increased by 32%, driven by user expansion and pricing strategies.
- The company has achieved net income profitability (post stock-based compensation), demonstrating effective cost control and operating leverage.
- Blackwattle Investment Partners remains attracted to Life360’s 80+ million global users and its valuable first-party data.
- This data holds potential applications across marketing, insurance, urban planning, and mobility analytics.
- The recent launch of its advertising platform exemplifies this optionality.
LHC Capital
30 June 2025
$32.18
Summary
- Life360 delivered another strong quarter and solidified its position as the category-defining super-app for family safety.
- Reported record first quarter numbers and successfully raised US$320 million in convertible notes at a zero coupon.
- Added to the ASX100 index and saw a 62% increase in share value over the quarter.
- Achieved 83.7 million monthly active users (MAUs), a key indicator of business health.
- Reported record paying circles, subscription revenues, and annualised monthly revenues.
- Delivered operating leverage with total revenue growth of 32% exceeding total cost growth of 23%, enhancing profit margins.
- Marked the tenth consecutive quarter of positive adjusted EBITDA and eighth of positive operating cash flows.
- Impressive doubling of advertising revenues and improved conversion rates from free to paid users.
- Maintained low churn rates despite price increases, indicating strong customer value and brand loyalty.
- Convertible note raise viewed as beneficial: immediately accretive to earnings per share, no cash cost to note holders.
- Shareholders face dilution only if share price exceeds US$122.22, an 87% premium to the closing price.
- Life360 now has a fortress balance sheet for potential inorganic growth opportunities.
- Recognised by US institutions and capital markets as a scaled platform with strong growth prospects.
- LHC Capital continues to hold because the business performs in line with their investment thesis and management executes sound strategies.
Ophir Asset Management
10 June 2025
$32.85
Summary
- Ophir Asset Management continues to hold its position in Life360 Inc., a family tracking app with over 80 million users globally.
- The company has a very low cost of customer acquisition, enhancing its growth potential.
- Life360 has successfully introduced advertising as a new revenue stream.
- Future expansion plans include moves into the Pet business and Aged Care sectors.
- A key risk to monitor is Apple’s "Find My" product, but Ophir Asset Management believes Life360 can effectively compete.
- Life360 operates on both Android and iOS platforms, providing a competitive advantage.
Ausbil Investment Management
31 May 2025
$33.14
Summary
- Life360 (360) saw a return of +51.9% in May following a quarterly result that exceeded consensus expectations.
- Revenue and EBITDA performance was strong, leading to an upgrade in subscription revenue guidance for the full year.
- Notable growth in paying user numbers occurred in a typically softer quarter.
- Ausbil highlights the emergence of Life360’s vision for a full family ecosystem.
- New partnerships with AccuWeather and Aura further validate this vision.
- Ausbil believes the market is underestimating the potential of Life360’s pet hardware offering.
- This offering is expected to significantly enhance user adoption and lifetime customer value.
Endeavor Asset Management
31 May 2025
$33.14
Summary
- Endeavor Asset Management notes that Life360 (360) was a key contributor in May.
- First-quarter results significantly exceeded expectations across all key metrics.
- Revenue growth reached 32%, totaling US$104m, driven by strong advertising performance.
- Adjusted EBITDA of US$15.9m outperformed forecasts, showcasing growing operating leverage.
- User metrics were also strong, with robust growth in paying circles and a 38% uplift in annualised monthly revenue.
- While FY25 guidance was maintained, there are potential structural changes to Apple’s in-app purchase fees that could introduce long-term upside.
- Endeavor Asset Management took some profits but remains constructive on the outlook.
- The positive outlook is underpinned by momentum in the core subscription business and improving monetisation across the platform.
Ten Cap
31 May 2025
$33.14
Summary
- Life360 (360): Delivered strong gains following Q1 update.
- 32% revenue growth reported, indicating robust financial performance.
- 38% lift in annualized monthly revenue, showcasing significant subscription momentum.
- Growing user base further strengthens its leadership in family safety and location.
- Ten Cap continues to hold due to these positive indicators.
Ellerston Capital
31 May 2025
$33.14
Summary
- Life360 reported 1Q25 results exceeding market expectations in subscriber growth, revenue, gross margin, and operating expenses.
- Ellerston Capital notes strong execution in the core US subscription business, with improvements in conversion rates and pricing.
- Continued expansion into international subscriptions and advertising business is evident.
- Upcoming release of a wearable pet tracker adds another growth layer.
- 84 million user base is viewed as significantly under monetised.
- Life360 ranks as the 13th largest app by daily active users in the US Apple App Store.
- In 2024, Life360 generated US$372m in revenue, notably lower than other top 20 apps, all of which exceeded US$3 billion.
Milford Asset Management
31 May 2025
$33.14
Summary
- Life360 has shown a strong performance with a growth of 51.9%.
- The quarterly results indicate improving trends in core operations across key geographies.
- The advertising channel is evolving with consistent rollouts of new partners.
- This evolution in advertising represents a lucrative earnings stream and helps to de-risk the core business.
- New verticals such as elder care and pet services present significant opportunities for further adoption and monetisation.
Firetrail Investments
31 May 2025
$33.14
Summary
- Life360, the family safety and location-sharing app, outperformed in May after a strong Q1 result.
- Revenue and EBITDA beat expectations, driven by record subscriber growth of 43% year-on-year across the US and international markets.
- Management maintained FY25 guidance but shifted the revenue mix toward higher-margin subscriptions, offsetting weaker hardware sales.
- With strong subscriber growth, successful repricing, and disciplined cost control, Firetrail Investments believes the company is well positioned to exceed its FY25 forecasts.
Wilson Asset Management
31 May 2025
$33.14
Summary
- Location-based tracking software company, Life360's share price rose significantly in May.
- Following its FY2025 first quarter update, the results exceeded consensus estimates across all key metrics.
- Earnings increased 32% compared to the prior comparative period.
- The outlook remains strong with FY2025 subscription revenue guidance revised upward.
- Life360 announced a USD25 million investment in artificial intelligence (AI) safety firm Aura.
- This investment signals a strategic move to enhance product offerings and market position.
- Wilson Asset Management believes the market continues to underappreciate the opportunity within Life360's advertising business.
- Despite being in its infancy, this business has the potential to match the size of the subscription business in the medium-term.
- Expansion in revenue growth is anticipated.
Tyndall Asset Management
31 May 2025
$33.14
Summary
- Life360 outperformed after reporting a 1Q25 result that exceeded market expectations.
- Demonstrated strong topline growth and operating leverage.
- Tyndall Asset Management continues to believe the company has multiple levers to monetize its leading app user base.
- In light of the strong share price appreciation, Tyndall Asset Management took the opportunity to lock in profits and halve their position.
Yarra Capital Management
31 May 2025
$33.14
Summary
- Yarra Capital Management notes that Life360's location tracking software outperformed due to strong quarterly net additions.
- The company added 137k paying circles in the quarter, marking a Q1 record.
- Both revenue and EBITDA exceeded consensus expectations for the quarter.
- Performance was positively impacted by the removal of key Trump tariffs and the re-rating of the US technology sector.
- Yarra Capital Management continues to hold its position based on these developments.
Kardinia Capital
31 May 2025
$33.14
Summary
- Life360 rose 52% for the month following a strong 1Q25 result.
- Revenue increased by 32%, indicating robust financial performance.
- Monthly active users grew by 26%, reaching a total of 83.7 million.
- It marks the 8th consecutive quarter of positive cash flow.
- The company concluded the quarter with US$170 million in net cash.
- Kardinia Capital believes Life360 is well-positioned to benefit from growth in international subscriptions.
- There are opportunities for expansion into advertising.
- Potential for lower Apple in-app purchase fees could enhance profitability.
Blackwattle Investment Partners
31 May 2025
$33.14
Summary
- Blackwattle Investment Partners notes that Life360 (360) significantly contributed to Fund outperformance.
- The Fund increased its ownership due to US tariff uncertainty leading to an unduly punished stock price.
- The company’s business is not materially affected by direct consequences of US tariff policy.
- Life360 boasts a large and growing user base, primarily in developed markets, resilient to broader economic weakness.
- There are long-term growth opportunities through greater penetration in US and global markets.
- The company has a nascent advertising revenue stream and is exploring new categories such as aged care and pet tracking.
- Life360 has become cash flow positive, demonstrating its viability despite being early in its growth trajectory.
Montgomery Investment Management
13 May 2025
$27.18
Summary
- Impressive March quarter results have driven Life360’s share price up 18% from $23.58 to $27.85.
- Life360 is perceived as an emerging platform with deep emotional resonance and trust among families, beyond just a location-tracking app.
- The company’s differentiated positioning and operating system agnosticism enhance its role as a guardian of family safety.
- Life360 has reached a pivotal inflection point with positive operating cash flow and adjusted EBITDA, supported by scale, customer retention, and pricing gains.
- Global monthly active users reached 83.7 million with paying circles exceeding 2.4 million, both up 26% year on year.
- U.S. penetration has increased from 6% to 15% over the past five years, indicating significant growth potential.
- Life360 is evolving into a broader ecosystem offering services across family safety, pet tracking, item tracking, elderly care, and targeted advertising.
- Non-U.S. paying circle is expected to trend toward 40% over the medium term, currently accounting for 30% of the total.
- Revenue for the March 2025 Quarter was $103.6 million, up 32% year on year, with EBITDA margins exceeding 15%.
- Life360’s midpoint revenue forecast for calendar 2025 is $465 million with an adjusted EBITDA forecast of $70 million.
- Management aims for 150 million monthly active users and $1 billion in revenue, with a target to double the adjusted EBITDA margin to 35%.
Milford Asset Management
30 Apr 2025
$21.94
Summary
- Milford Asset Management continues to hold a positive outlook on Life360.
- Recent performance saw a modest addition to core technology exposure with Life360 up 10.8%.
- The stock rallied following a sell-off in March and early April.
- Market weakness in April primarily affected companies tied to global growth or those with discretionary exposure, particularly in the US.
Ausbil Investment Management
30 Apr 2025
$21.94
Summary
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Ten Cap
30 Apr 2025
$21.94
Summary
- Ten Cap increased their position in Life360 after a sell-off in March/early April.
- The sell-off did not reflect the company’s solid fundamentals.
- Life360 is expected to face limited tariff impacts, positioning it well amid trade negotiations.
- Upcoming quarterly results are anticipated to be strong, with advertising spend driving earnings upside.
- Ten Cap remains confident in Life360's earnings resilience despite short-term volatility.
- There is a clear growth path for Life360 in terms of market share and earnings over time.
Blackwattle Investment Partners
30 Apr 2025
$21.94
Summary
- Blackwattle Investment Partners highlights Life360's strong performance with 80 million global users in developed markets.
- The company generates recurring revenue from subscriptions and data services.
- Life360 has a significant first-party data asset applicable in marketing, urban planning, insurance, and mobility analytics.
- Expansion beyond parental tracking includes aged care and pet tracking services.
- As digital transparency increases, family tracking services are expected to become mainstream.
- Life360's global growth potential and scalable revenue model are rare among ASX 200 companies.
- Upcoming advertising initiatives are anticipated to enhance revenue streams.
- A transition to cashflow profitability in 2025 is expected to be positively received by the market.
Firetrail Investments
30 Apr 2025
$21.94
Summary
- Life360 has shown strong performance due to increased app downloads.
- Improved gross app ranking metrics indicate potential for higher subscription revenue.
- Price increases have been implemented across select subscription tiers.
- Firetrail Investments continues to hold due to anticipated strong quarterly results.
- Robust subscriber growth is expected to support overall positive outlook.
- Further price rises may enhance the company's financial performance.
Firetrail Investments
31 Mar 2025
$19.81
Summary
- Firetrail Investments notes that the family safety app Life360 underperformed in March amid broader tech sector weakness.
- However, FY24 results were strong, with paying subscribers up 25%.
- EBITDA exceeded consensus estimates by 12%, highlighting operational strength.
- Notably, 1 in 7 U.S. smartphone users now use the app, indicating its widespread adoption.
- Firetrail Investments remains positive about Life360, as FY25 results are guided to strong revenue and EBITDA growth.
- This reflects confidence in continued scaling and profitability.
Longwave Capital
28 Feb 2025
$23.30
Summary
- Life360 exited FY24 strongly with Q4 experiencing positive net income for the first time.
- Forward guidance indicates this trend is expected to continue, aligning with consensus, despite increased investment in new products.
- The share price fell slightly, yet it remains up 40% over the past six months.
- There is potential for growth in adjacent markets such as pet tracking and elder care.
- Life360 is tightening integration of hardware, sometimes giving it away to drive subscriptions.
- Management has indicated latent pricing power, suggesting revenue could potentially double in a matter of weeks by adjusting prices.
- Overall, it’s not surprising that the stock holds strong against struggling peers.
Longwave Capital
31 Jan 2025
$25.29
Summary
- Life360 holds a dominant position in the mobile location tracking market, known as "Family Life".
- The company has shown strong growth in users, supported by a subscription model that converts well into revenue.
- Currently, there are challenges in converting user growth into profitability, but losses are reducing.
- The current EV/Sales multiple stands at approximately 7.5x, indicative of market confidence.
- Recent management goals aim for over 150 million active users and over US$1 billion in revenue by 2029.
- Target operating margins are set at around 20% after accounting for stock-based compensation and depreciation.
- Based on aspirational targets, Life360 could reach a potential US$3 billion in Enterprise Value by 2029.
- Discounting this back to today at a 10% discount rate suggests a current fair value of approximately US$1.9 billion.
- The existing EV for Life360 is US$3.4 billion as of January 31, 2025.
- There are concerns about potential valuation pitfalls, much like those experienced by other tech companies.
- Overall optimism remains high, but caution is advised regarding long-term commercial success.
Milford Asset Management
31 Jan 2025
$25.29
Summary
- Life360 continues to perform strongly, with a recent increase of +12.2%
- Encouraging high-frequency data suggests improving trends across key geographies
- Ranks among the top 10 social networking apps in 67 countries
- Serves as a valuable distribution channel for advertisers
- This advertising potential presents a lucrative earnings stream
- Contributes to materially de-risking the core business
- Milford Asset Management continues to hold due to these favorable dynamics
Endeavor Asset Management
31 Jan 2025
$25.29
Summary
- Life360 (360) experienced a strong month in January, driven by an upgrade from UBS to a Buy.
- The upgrade stemmed from faster than expected growth in advertising revenue and strong user trends.
- Early estimates suggest that expanding into video, carousel, and off-site advertising could yield an additional 5 to 25 percent upside in revenue by 2028.
- Advertiser checks indicate that operating margins could improve by up to 10 percentage points in the coming years.
- Management aims to reach ad monetisation levels comparable to companies like Pinterest and Snap, which could increase ad revenue to more than six times current levels.
- Endeavor Asset Management expects earnings to accelerate further, with a projected forward EPS growth rate of 15 to 20 percent.
Ausbil Investment Management
31 Jan 2025
$25.29
Summary
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Endeavor Asset Management
31 Dec 2024
$22.54
Summary
- Life360 (360) shares experienced a decline in early December due to increased insider selling activity.
- Several executives, including the CEO, sold substantial portions of their shares.
- This insider selling contributed to a 10.9% drop in shares over the month.
- Despite acknowledging the insider selling, Endeavor Asset Management remains confident in 360's technology and growth prospects for the next 12 months.
- Endeavor Asset Management took some profits during the previous month.
Wilson Asset Management
31 Dec 2024
$22.54
Summary
- Life360 is an information technology company that specializes in location-based services via its social networking app.
- In December 2024, the company’s share price fell by approximately 10.9%, from $25.30 to $22.54.
- CEO Chris Hulls has been selling shares to reduce his ownership from 5.0% to 3.8% and diversify his investments.
- Other executives, including CFO Russell Burke and two directors, also reduced their holdings.
- These actions may have indicated to investors that it was a good time to take profits after a strong performance.
- Life360's share price increased almost 200% over the year, from $7.56 to $22.54.
- Wilson Asset Management continues to hold because we see upside potential in Life360.
- We are encouraged by the company’s strong performance, revenue growth, and increased market penetration in the US.
Firetrail Investments
31 Dec 2024
$22.54
Summary
- Life360 has significantly outperformed the broader small-cap index in 2024, positively impacting the Firetrail Small Companies Fund.
- A key driver of this success was the announcement in March 2024 of a new advertising revenue stream aimed at monetizing its large freemium user base of over 20 million daily active users.
- In the medium term, Life360 believes the advertising opportunity could surpass its subscription business, projected to approach $300 million in 2024.
- Life360 debuted on the Nasdaq in June 2024 under the ticker "LIF", unlocking new strategic growth opportunities.
- By Q3 2024, Life360 reported record subscriber growth, with total monthly active users reaching approximately 77 million.
- Looking ahead to 2025, Life360 plans to further develop its advertising business and introduce new verticals for pet and elderly tracking.
- Firetrail Investments continues to hold because Life360 is well-positioned for continued success in the family safety and tracking app market.
QVG Capital
31 Dec 2024
$22.54
Summary
- QVG Capital believes that Life360 exhibits a high beta nature, which is significantly influenced by market sentiment.
- In periods of positive sentiment, investors tend to focus on the long-term growth potential of high-growth businesses like Life360.
- Conversely, during weaker market conditions, there is a tendency for investors to shift towards stocks that offer more certainty.
- QVG Capital continues to monitor these sentiment-driven movements as they impact Life360's valuation.
Ausbil Investment Management
31 Dec 2024
$22.54
Summary
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Oracle Advisory Group
31 Dec 2024
$22.54
Summary
- Life360 Inc (360) is rated as a Buy by Oracle Advisory Group.
- Life360 is recognized as the global leader in family tracking and safety.
- The app is ranked number 4 in the US for social networking apps, trailing only Meta apps.
- Approximately 10% of the US population are users of Life360.
- Only 11% of users are current paying customers, indicating strong potential for growth.
- There is significant opportunity for revenue growth as more users transition from the "freemium" model to subscriptions.
- The recent launch of targeted advertising in 2024 presents another avenue for revenue growth.
- Based on comparisons with similar companies, advertising monetization could become a highly profitable segment for Life360.
LHC Capital
31 Dec 2024
$22.54
Summary
- LHC Capital continues to hold a strong conviction in Life360 as it has established itself as the global leader in family location sharing services.
- The company experienced a 198% increase in share price over the year, reflecting robust financial performance.
- Life360 has expanded its user base to 76.9 million monthly active users, nearly doubling since LHC Capital's initial investment.
- The management team has successfully maintained Life360’s unique product offering while scaling operations to over 140 countries.
- Life360 aims to monetise its free users, which could significantly enhance profitability given its strong user base in developed countries.
- The company has achieved its seventh consecutive quarter of adjusted EBITDA profitability and positive operating cash flows.
- Integration of the Tile product has advanced Life360’s product roadmap and broadened its market reach.
- The successful IPO on NASDAQ has attracted institutional interest, resulting in a 53% rise in share price post-listing.
- Life360's valuation remains a clear outlier compared to peers, suggesting potential for market correction as monetisation efforts progress.
- Recent volatility in share price due to market inefficiencies highlights opportunities for active investors to capitalize on non-business related price movements.
QVG Capital
30 Nov 2024
$25.48
Summary
- QVG Capital continues to hold its largest investment in Life360, a family tracking app.
- The stock experienced volatility, particularly around the release of the September quarter results.
- Results showed strong growth with subscription revenue up 34%, users up 32%, and paying users up 35%.
- Despite strong performance, the company missed revenue expectations due to supply chain issues affecting Tile sales.
- This led to a swift -10% retracement in the share price, presenting a buying opportunity.
- The stock recovered, finishing the month +15% and +20% from intra-month lows.
Ausbil Investment Management
30 Nov 2024
$25.48
Summary
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Milford Asset Management
30 Nov 2024
$25.48
Summary
- Milford Asset Management recognizes the positive performance of Life360 (+15.2%).
- The high-frequency data usage continues to show encouraging trends across key geographies.
- Life360 is a top 10 social networking app in 67 countries, enhancing its advertising distribution potential.
- This positioning offers a lucrative earnings stream while materially de-risking the core business.
Endeavor Asset Management
31 Oct 2024
$21.97
Summary
- Endeavor Asset Management notes that shares in Life360 Inc. performed strongly in October.
- The rollout of the advertising strategy in Australia was a positive surprise.
- Advertising is expected to be a significant revenue driver moving forward.
- Anticipation builds for comments in the upcoming quarterly report.
- Historically, Q3 is the strongest quarter for paying circle growth due to the back-to-school season.
- Life360 shares saw an increase of 16% over the month.
Ophir Asset Management
22 Sept 2024
$18.27
Summary
- Ophir Asset Management identifies Life360 as a potential next 10-bagger for the fund.
- Shares have risen nearly 150% in 2024, currently priced at $18.
- The stock was first acquired by the fund in 2020 at around $3.
- Life360 is positioned to launch multiple businesses off its existing platform, driven by the vast US family safety market.
- The fund manager appreciates Life360’s ultra-low cost of acquiring customers.
- Life360 plans to introduce advertisements to millions of free users, creating a new revenue stream.
- Growth potential noted as Life360 is scaling swiftly, with competition from Apple’s ‘Find My’ app being a key consideration.
Ellerston Capital
31 Aug 2024
$18.90
Summary
- Life360 (360 AU) share price gained 15% in August.
- Strong 1H24 result driven by a meaningful increase in net circle adds.
- Combination of strong operating leverage contributed to positive outcomes.
- Management lifted revenue and adjusted EBITDA expectations for the full year.
- All operating business metrics are accelerating before the key back to school period.
- Upcoming advertising business expected to contribute more meaningfully.
- Ellerston Capital continues to see upside to current levels.
- Potential for 360 to leverage customer strength to expand product offerings over time.
The completeness, accuracy or current status of the investments referenced are not guaranteed.
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Frequently Asked Questions
Who is investing in Life360 Inc (ASX:360)?
Fund managers including Endeavor Asset Management, Ophir Asset Management, Milford Asset Management, Blackwattle Investment Partners, Longwave Capital, Ausbil Investment Management, Oracle Advisory Group, Yarra Capital Management, ELM Responsible Investments, SG Hiscock & Company, Firetrail Investments, QVG Capital, LHC Capital, Ten Cap, Kardinia Capital, Antares Capital, Sage Capital, Wilson Asset Management, Montgomery Investment Management, Ellerston Capital, Paradice Investment Management, Smallco Investment Manager, Tyndall Asset Management, Pendal Group, Spheria Asset Management, Vinva Investment Management, First Sentier Investors, Infinity Asset Management, Selector Funds Management, Solaris Investment Management, Airlie Funds Management and Hyperion Asset Management have invested in Life360 Inc (ASX:360).
Why do fund managers invest in Life360 Inc?
Fund managers invest in Life360 Inc due to its strong user base of over 88 million, growing revenue streams, and new initiatives like pet tracking. The company's subscription model has proven effective, with significant growth in paying users and revenue up 36% year-on-year. Life360 also benefits from low customer acquisition costs and growing advertising potential, providing high margins. Its expansion into international markets and the overall low penetration rate in family safety solutions suggest considerable future growth opportunities.
What happened to Life360 Inc (ASX:360)?
Fund managers are bullish on Life360 Inc due to its strong growth potential in the family safety app market, boasting nearly 100 million users and significant room for penetration, especially in the U.S. With a diversified revenue model that includes subscription fees and advertising, Life360 has demonstrated an ability to self-fund and maintain positive cash flow. Its recent expansions into pet and elderly tracking products further enhance appeal, while a capable management team and a robust balance sheet position the company for sustained growth. Analysts note strong retention rates and a compelling opportunity for converting free users to paid subscribers, making it an attractive long-term investment.
What is the short interest in Life360 Inc (ASX:360)?
According to ASIC filings, there is negligible or no short interest in Life360 Inc (ASX:360).
What does Life360 Inc (ASX:360) do?
Life360, Inc. engages in the development of location sharing mobile applications. It offers mobile applications, which include features that range from communications to driving safety and location sharing. It operates through the following geographical segments: North America, Europe, Middle East, and Africa, and Other International Regions. The company was founded by Chris Hulls, Dilpreet Singh, and Alex Haro in 2007 and is headquartered in San Mateo, CA.
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