Life360 Inc (NAS:LIF)

$ 49.31 -0.14 (-0.28%) Market Cap: 3.68 Bil Enterprise Value: 3.52 Bil PE Ratio: 0 PB Ratio: 10.84 GF Score: 24/100

Q1 2021 Life360 Inc Earnings Call Transcript

Apr 27, 2021 / 11:30PM GMT

Transcript

Jolanta Masojada

Life360, Inc. - Head of IR

The call will begin with some prepared remarks from our Co-Founder and CEO, Chris Hulls; and CFO, Russell Burke, followed by a Q&A session. This call is being conducted as a Zoom audio webinar. (Operator Instructions) I would now like to turn the call over to Chris.

Chris Hulls

Life360, Inc. - Co-Founder, CEO & Executive Director

Good morning, everyone, and thanks for joining our March quarterly business update call. We are excited by Life360's accelerating growth momentum in the March quarter particularly in the U.S., where the benefits of the vaccine rollout are beginning to be felt. We are encouraged that the early signs of recovery in Australia are now being replicated our largest market, the U.S. Globally, new registrations at their highest level since March 2020 prior to the onset of COVID.

In the U.S., organic registrations increased 13% versus the December quarter. Additionally, the month of March delivered the strongest growth in Paying Circle additions since November 2019, and this is

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