Life360 to Announce Q4 and Full Year 2024 Financial Results on February 27, 2025
Friday, Jan 31, 2025 4:53 pm ET
Life360, Inc. (Nasdaq: LIF; ASX: 360), the leading family safety and location services company, is set to release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, February 27, 2025 (U.S. PT) / Friday, February 28, 2025 (AEDT). Following the release, Life360 will host an Investor Conference Call to discuss the results, featuring remarks from Co-Founder and CEO Chris Hulls and CFO Russell Burke, followed by a Q&A session.
Life360's user base and engagement metrics have shown significant growth over the past year. As of September 30, 2024, the company had approximately 76.9 million monthly active users (MAU), a substantial increase from the previous year. This growth can be attributed to the company's expanding services and features, such as location sharing, safe driver reports, and crash detection with emergency dispatch. The upcoming earnings report is expected to provide further insights into Life360's user growth and retention, with analysts forecasting a 15.59% revenue growth over the next five years.
Life360's recent stock price performance can be attributed to several key factors, including strong analyst ratings and price targets, revenue growth and expansion, positive earnings reports and guidance, and strategic partnerships and acquisitions. The company's average rating is "Strong Buy" from 7 analysts, with a 12-month stock price forecast of $48.71, indicating a 6.54% increase from the latest price. Life360's revenue growth trajectory has been robust, with a 33.38% increase in 2023 compared to the previous year, reaching $304.52 million. The company's expansion into new markets and services, such as the launch of new Tile tracker devices and the introduction of advertising platforms, has also driven revenue growth.
The upcoming earnings report could influence future price movements in Life360's stock based on earnings beats or misses, revenue growth and guidance, analyst revisions, and market sentiment. Investors will be looking for strong revenue growth and positive guidance for the upcoming quarters, as well as any updates on user growth and retention. Additionally, analysts may revise their price targets or ratings based on the earnings report, which could impact the stock price.
In conclusion, Life360's upcoming earnings report on February 27, 2025, is highly anticipated by investors and analysts alike. The company's strong user growth, revenue growth trajectory, and positive analyst ratings suggest that the earnings report could drive further price movements in the stock. Investors should closely monitor the earnings report and any subsequent analyst revisions to make informed decisions about their investments in Life360.
