After record earnings, why is the Life360 share price down 25%?
Life360 announced a big earnings beat this week, and even an acquisition that will help it diversify its business. So why is the Life360 share price down 25% in the last month?
By the numbers: Life360’s record earnings
It’s another record quarter for Life360, and now there’s a new ad-tech acquisition and new products on the table.
Total revenue jumped 34% year-on-year to $124.5 million, driven primarily by growth in paying subscribers (dubbed “Paying Circles”) which reached a record 2.7 million. Net income climbed to $9.8 million, up 27% from the prior year, and operating cash flow soared by 319% to $26.4 million. The company’s annualised monthly revenue is now at $446.7 million, reflecting continued gains in both the U.S. and…
