Hi David,
We have discussed WTC in detail in another question this morning hence we’ve just looked at Life360 (360) here but the comments around sector weakness/rotation etc still hold true.
Life360 has corrected 20% over the last 3-weeks as funds have flowed into the resources stocks hence, we can see why subscribers are starting to consider some of the top tier tech names, just as we are with WiseTech (WTC) and Xero (XRO).
360 have just launched their pre-flagged pet tracker/recovery device, a logical expansion of its family location App. At the end of the 2Q of 2025 Life360 had 88 million monthly active users globally and 2.5 million paying customers. Revenue for the 2025 calendar year is forecast to be $462-482mn, up 28% YoY. The path ahead for 360 is all about monetising their user base, and we think they have multiple ways to acheive this, advertising being one of them. Think about the huge quantities of data they collect on our everyday lives, allowing them to offer an incredibly targetted advertising platform.
- We like 360 believing they have a huge runway to monetise their user base, and this is a stock we have been looking at for the Emerging Compannies Portfolio, given the pullback in price.