Citi says data on ASX-listed Life360 signals Q4 active users rebound

Citi says November SensorTower data for ASX-listed Life360 360.AX hints at a rebound in Q4 monthly active users (MAU) growth, suggesting the Q3 slowdown may have been a blip, though it remains cautious given recent weak correlation

U.S. app downloads slipped YoY in November, the only soft spot in the data, as per brokerage

Citi expects the rollout of a pet tracker and an elderly tracker down the line, alongside enhanced features to lift subscriptions, MAUs and engagement, lifting ad rev growth

Shares have surged 61.3% YTD on the Australian bourse as of last close