4 Reasons Why I Now Have Life360 Stock on My Watchlist!
After strong quarterly numbers that exceeded expectations, the stock broke out from a multi-month base to a new all-time high.
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Life360 reported strong quarterly numbers on May 12, with a revenue increase of 32% to $103.6 million. EBITDA rose from $4.4 million to $15.9 million, indicating improved operational efficiency. Additionally, the number of monthly active users grew by 26% to 83.7 million, while paying subscribers increased by 43% to 2.4 million. Since only 3% of users are currently paying subscribers, there is still significant room for growth. What I also like is the implementation of advertising. So far, advertising revenue accounts for only 12%. However,...
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