Life360 Q1 2026 earnings: Revenue up 38% and raised full-year outlook amid MAU growth

Life360 NASDAQ: LIF reported record first-quarter revenue and raised its full-year outlook, while management said technical issues temporarily weighed on user registration during the quarter but did not derail subscription momentum. Chief Executive Lauren Antonoff said the company’s revenue growth reflected the role Life360 plays in “everyday family life” for more than 97 million people who use its app to stay connected and coordinate safety-related needs. She said first-quarter revenue rose 38% to $143 million, supported by the company’s strongest quarterly subscription net additions on record and an all-time high in average revenue per paying circle. Revenue Rises 38% as Subscriptions Lead Growth Chief Financial Officer Russell Burke said total revenue grew 38% year over year to $143.1 million. Subscription revenue increased 32% to $108.2 million, with core subscription revenue up 36%. Burke said that growth was driven by 27% paying circle growth and a 7% increase in average revenue per paying circle. U.S. subscription revenue grew 28%, while international subscription revenue rose 58%. March annualized monthly revenue reached a record $517.9 million, up 32% from a year earlier. Advertising revenue was $19.7 million, up 329%, boosted by the acquisition of Nativo. Life360 disclosed advertising revenue as a separate line item for the first time. Hardware revenue declined to $4.5 million, which Burke said was expected as Life360 exits brick-and-mortar retail for Tile. Other revenue increased 30% to $10.7 million. Gross margin was 77%, down from 81% in the prior-year quarter. Subscription gross margin held at 87%, advertising gross margin was 60%, and hardware margin was negative due to Pet GPS pricing and costs tied to the retail exit. Life360 reported GAAP net income of $2.8 million, or $0.03 per basic and diluted share. Adjusted EBITDA was $17.1 million, representing a 12% margin. Operating cash flow was $17.2 million, marking the company’s 12th consecutive quarter of positive operating cash flow. Life360 ended the quarter with $459 million in cash equivalents, restricted cash and short-term investments. Company Raises Full-Year Revenue and EBITDA Outlook Life360 raised its full-year revenue outlook to a range of $650 million to $685 million, up from its prior forecast of $640 million to $680 million. The increase was driven by subscription revenue, which the company now expects to be between $470 million and $475 million, compared with its previous range of $460 million to $470 million. The company left the rest of its business guidance unchanged, with advertising revenue expected to reach $98 million to $115 million, hardware revenue projected at $40 million to $50 million, and other revenue expected to total $42 million to $45 million. Life360 also raised its adjusted EBITDA guidance to $130 million to $140 million, up from $128 million to $138 million. Burke said revenue and margin are expected to be weighted toward the second half of the year, reflecting advertising seasonality, front-loaded integration costs and brand investment, and lower hardware revenue tied to the retail exit. Technical Issues Weighed on MAU Growth Antonoff said monthly active user growth came in at 17% year over year, below the company’s plan due to technical issues that suppressed registration volume during a peak marketing period in the first quarter. She said Life360 first fixed a broad issue affecting new signups, then uncovered additional Android-specific problems that disproportionately affected lower-end devices. Antonoff said the latter issues took longer to resolve but were