Life360 shares soar on sharp guidance upgrade
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The news: Life360 shares rocketed at the open after the app developer upgraded its FY25 revenue and earnings guidance.
The numbers: Life360 shares were up 26.7% to $33.61 at 10:40am AEDT.
The dual-listed company now expects full-year revenue to be between USD486 million ($711 million) and USD489 million, which would mark 31-32% growth year over year.
Previous guidance was USD474-485 million.
It also forecasts FY25 adjusted earnings to be between USD87 million and USD92 million.
Life360 also said it added a record 4.2 million monthly users in the December quarter, taking its total user base to 95.8 million.
The source: ASX
