The family safety app provider reported a 17% year-over-year increase in monthly active users, reaching 97.8 million.
Life360 (NASDAQ: LIF) reported a 17% year-over-year rise in monthly active users, totaling 97.8 million in the first quarter. The growth underscores the app’s expanding adoption despite competition from Apple and Google’s built-in location services.
The company’s free platform, launched post-Hurricane Katrina, remains a staple on one in seven U.S. smartphones. Nearly half of its users are outside the U.S., and 47% of its audience is international. While 97% of users rely on the free version, the app’s cross-platform compatibility and strong ratings differentiate it from rivals.
Shares responded positively to the earnings report, reflecting investor confidence in the company’s growth trajectory.