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

Q3 2021 Life360 Inc Earnings Call Transcript

Oct 26, 2021 / 10:30PM GMT

Transcript

Jolanta Masojada

Life360, Inc. - Head of IR

This is Jolanta Masojada, and I head up Investor Relations for Life360. The call will begin with some prepared remarks from 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 September quarterly business update call. This was another milestone quarter for Life360, with growth continuing to accelerate in the U.S. as the country emerges from the pandemic.

We are excited by the metrics the business is delivering, in particular the second consecutive quarter of record subscriber additions. This has taken us to more than 1.1 million Paying Circles, supported underlying revenue growth of 45% year-on-year and delivered $120 million in annualized monthly revenue for the first time. As a result of this momentum, we have

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