Life360 (360) investor relations material

Capital management and growth strategy

• Announced a $225 million share buyback, balancing capital returns with ongoing investments in core business, advertising, and new subscription initiatives like Pets.

• Maintains strong cash position ($460 million) and consistent cash flow, enabling both buybacks and growth investments.

• Buyback aims to offset dilution from stock-based compensation, responding to investor feedback.

• Confident that buybacks will not hinder ability to invest in growth opportunities.

User growth outlook and operational improvements

• User base nearing 100 million MAUs globally, segmented by device type and market maturity.

• Q1 slowdown attributed to technical issues affecting lower-end devices, now resolved with enhanced monitoring.

• Confident in achieving 17%-20% user growth for the year, with trends rebounding in Q2.

• Marketing sophistication and funnel optimization led to record Paying Circle additions in Q1.

U.S. and international expansion

• U.S. remains primary market with over 52 million MAUs, but significant penetration opportunities remain across states.

• Strategy focuses on broadening use cases and life stages, aiming to become a super app platform for families.

• International expansion in markets like the U.K., Australia, and Canada is just beginning, with strong early results.