Life360 Inc (LIF) shares surged 6.26% in the post-market session on Thursday, after the location technology company reported solid fourth-quarter and full-year 2024 results, coupled with an upbeat outlook for 2025.

The company's financial performance was driven by record revenue growth, expanding subscriber base, and profitability improvements. In Q4 2024, total revenue grew 33% year-over-year to $115.5 million, fueled by a 32% increase in subscription revenue and a 13% rise in hardware revenue. Net income for the quarter stood at $8.5 million, compared to a loss in the prior-year period, while adjusted EBITDA rose to $21.2 million.

For the full year 2024, Life360 reported a 22% increase in revenue to $371.5 million, driven by a 25% growth in its paying subscriber base, which reached nearly 2.3 million. The company also achieved record positive adjusted EBITDA of $45.5 million for the year.

Looking ahead, Life360 provided an optimistic outlook for 2025, forecasting consolidated revenue of $450 million to $480 million and positive adjusted EBITDA of $65 million to $75 million. The company's robust performance and growth prospects were well-received by investors, leading to the stock's significant after-hours surge.