0040 GMT - The composition of Life360's 2025 revenue guidance looks better than RBC analyst Wei-Weng Chen had anticipated, even though the top line is broadly in line. Chen tells clients in a note that the tracking app developer's guidance for US$450 million-US$480 million in revenue comfortably straddles prior market expectations for US$465 million. However, more revenue is expected from the company's higher-multiple businesses. Advertising revenue guidance looks to be higher than expected, while subscription revenue guidance of US$350 million-US$360 million compares with an average analyst forecast of US$344.7 million. RBC has a last-published outperform rating and A$26.00 target price on the company's Australia-listed stock, which is up 4.1% at A$22.63. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 19:40 ET (00:40 GMT)
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