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AAP

Derek Rose

Life360 soars after handily beating earnings guidance

Founder and chief executive Chris Hulls says Life360 has shown it can monetise its users. (Derek Rose/AAP PHOTOS)

Shares in Life360 have soared after the ASX-listed location-sharing company closed out earnings season by beating its guidance and unveiling plans for another revenue stream with a new advertising model.

The San Francisco-based company on Friday posted $US20.6 million in earnings before interest, tax, deprecation and amortisation (EBITDA) for calendar year 2023, up from a $40.1 million loss the year before and a 47 per cent beat to its guidance of $12 million to $16 million in EBITDA.

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