Life360 Inc 2024年度报告

KEEP CLOSE TO THEONES YOU LOVE Location sharing for the wholefamily...supercharged with safety. Offering a holistic solution toimprove everyday family life. - Private map for your inner circle- Devices for people, pets, and things- Free to use- Built for families- Market leading driving safety-Premium safety services TABLE OFCONTENTS CHAIRMAN’S REPORTA1 CEO’S REPORTA3 FORM 10-KB CHAIRMAN LETTER TO SHAREHOLDERS $371.5m+22% YoY revenueincrease Fellow Shareholders, Life360’s mission is to keep people close to theones they love. During 2024, we took significantstrides toward achieving this mission, enhancing ourmembers’ experience and strengthening our financialposition. We continue to lead in family safety andlocation technology, and I am proud of our progress indelivering innovative solutions that provide peace ofmind to millions of families worldwide. 79.6m+30% MonthlyActive Users $160.5mCash balance1 We remaincommitted to long- term profitabilityand a clear pathtoward our goal ofexceeding a 35%Adjusted EBITDAmargin in thecoming years. 2024 Performance Life360 met or exceeded all of the guidance metricswe provided to the market for 2024. Revenuegrew 22% to $371.5 million, supported by continuedmomentum in our core subscription business,which saw Paying Circles grow by 25% year-over-year.Meanwhile, Monthly Active Users (MAUs) increased30% to 79.6 million, driven by strong organic growthand increasing brand awareness. Internationalexpansion was a key driver, with internationalMAUs rising 46% and international Paying Circlesgrowing 33%. 367.6m+34% AnnualizedMonthly revenue Our disciplined cost management resulted in anAdjusted EBITDA of $45.5 million, reflecting ourongoing commitment to profitable growth. We alsostrengthened our balance sheet, finishing the yearwith cash, cash equivalents, and restricted cash of$160.5 million, positioning us well to continue investingin strategic initiatives. In 2024, our crashdetection dispatchedover 46,800ambulances andhelped protect morethan 379 billion miles. Strategy In 2024, Life360 continued to execute againstits core strategic objectives: Growing Our Audience:Our MAU baseincreased by 30%, fueled by organic referrals andenhanced product experiences. We remain focusedon driving brand awareness and deepening userengagement, particularly in underpenetratedinternational markets. Your Company Scaling Paid Offerings:Core Life360 subscriptionrevenue grew 36% year-over-year, supportedby a 25% increase in global Paying Circles.In 2025, we will complete the integration of Tile,with all new devices activating directly throughthe Life360 app, and expand into new verticals—beginning with pet tracking by year-end. At Life360, our mission to make everyday familylife better is evident in the real-world impact of ourtechnology. In 2024, our crash detection dispatchedover 46,800 ambulances and helped protect morethan 379 billion miles – clear proof of the value wedeliver to families every day. As we look to 2025, I would like to thank my fellow Boardmembers for their continued guidance and support.Life360 enters the year well-positioned to build on ourmomentum and seize the opportunities ahead. Creating New Revenue Streams:The launchof our advertising platform in 2024 representsa major milestone. By leveraging our proprietarydata, we are creating new monetizationopportunities. Early results have been promising,and we will continue scaling this business in 2025. Sincerely, Expanding Profitability:Life360’s financialdiscipline has driven meaningful improvementsin Adjusted EBITDA and operating cash flow.We remain committed to long-term profitabilityand a clear path toward our goal of exceedinga 35% Adjusted EBITDA margin in the coming years. John Philip CoghlanChairman CEO LETTER TO SHAREHOLDERS Dear Shareholders, As we reflect on 2024 and look ahead to the future, Iam proud to share that Life360 has made tremendousprogress in executing our mission to keep peopleclose to the ones they love. With a relentless focus oninnovation, growth, and financial discipline, we haveentered 2025 well-positioned to drive our next phaseof expansion. Our commitment todelivering value toour members andshareholders remainsunwavering. 2024 Performance andAchievements In 2024, Life360 reported consolidated revenueof $371.5 million, representing a 22% year-over-year increase. Our Monthly Active Users (MAUs)base expanded to 79.6 million, a 30% YoY growth,demonstrating the increasing demand for ourofferings. Paying Circles grew by 25% to 2.3 million,fueled by strong adoption of our subscription servicesin both the U.S. and international markets. 2.3mGlobal PayingCircles +33%International PayingCircles YoY growth Key highlights from the year included the successfullaunch of our advertising business, the introduction ofa cutting-edge lineup of Tile tracking devices, our U.S.IPO listing on Nasdaq, and the strategic investment inHubble to enhance our future technology roadmap.Th