Life360 Inc. (NASDAQ:LIF) stock fell Tuesday despite the company reporting better-than-expected second-quarter financial results.
Life360 Beats Q2 Estimates, Maintains Outlook
Life360 reported second-quarter earnings of 6 cents per share, beating the 1-cent estimate. Revenue rose to $158.96 million, topping expectations of $156.39 million.
However, the company maintained its fiscal 2026 revenue guidance of $650 million to $685 million. The midpoint of $667.5 million is below the $670.24 million analyst estimate.
Following the results, Evercore ISI maintained an Outperform rating on Life360 but lowered its price forecast to $66 from $68.
Subscription Growth Drives Revenue
Chief Financial Officer Russell Burke said quarterly revenue rose 38% year over year to $159 million, while annualized monthly revenue increased 29% to $537.2 million.
Burke said subscription growth remained strong globally. Advertising revenue reached a record $22 million as the company’s advertising platform gained momentum following its integration.
Life360 Stock Breaks Below Key Levels
Tuesday’s selloff pushed Life360 shares below several closely watched moving averages.
The stock traded about 13% below its 20-day simple moving average and nearly 8% below its 50-day average. It was also about 14% below its 200-day average.
The shares have fallen more than 34% over the past 12 months.
The moving average convergence divergence, or MACD, is below its signal line. The negative histogram also points to weaker momentum.
Resistance sits near $57, while support is around $48.50.
LIF Price Action: Life360 shares were down 25.48% at $50.20 at the time of publication Tuesday, according to Benzinga Pro data.
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