Life360 Q3 net income more than doubles to $22.5 million as revenue rises 40%
LIF•Life360 reported Q3 net income of $22.5 million, including a $17.5 million net investment fair-value gain, while revenue rose 40% year over year to $174.1 million.
1. Revenue and users grow
Q3 revenue rose 40% year over year to $174.1 million, including a 29% increase in subscription revenue to $124.2 million. Advertising revenue more than tripled to $25.4 million, primarily driven by managed advertising growth following the Nativo acquisition; global monthly active users increased 17% to 107.7 million, and Paying Circles grew 26% to approximately 3.4 million.
