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ASX:360

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Asia

Life360 User Growth Accelerates in May After Play Store Fix, Jefferies Says

Life360 (ASX:360) monthly active users (MAU) grew nearly 20% year-on-year in May, up from about 17% in April and within the top end of full-year guidance of 17% to 20%, following the resolution of a Google Play Store suppression issue, Jefferies said in a June 14 note.Jefferies noted that May data indicated a rebound in the company's user growth after earlier disruption from a Google Play Store suppression issue that affected the first quarter of the year and part of April, with Sensor Tower trends pointing to a steady recovery in underlying momentum.The firm said international markets led growth in May, with MAU rising over 24% year-on-year, outpacing the US at about 16%.The firm highlighted potential upside to second-quarter consensus expectations, noting that while current forecasts assume nearly 17% MAU growth, sustained June trends similar to May could lift growth by up to roughly two percentage points.The firm expects focus beyond MAUs to shift toward Paying Circles in the upcoming second-quarter results, with paid conversion continuing to outpace overall user growth, as consensus projects 3.2 million Paying Circles in the second quarter, rising to 3.5 million by year-end.The firm added that Apple's new Siri artificial intelligence features are unlikely to materially impact the company, as they don't match its dedicated family safety ecosystem spanning location tracking, geofencing, driving insights, emergency services, cross-platform support, and Tile and Pet global positioning system hardware.The investment firm has a buy rating on Life360 with a AU$26 per share price target.

ASX:360
Asia

Life360 Board Approves $225 Million Multi-Year Share Buyback Program

Life360's (ASX:360) board approved a multi-year share repurchase program of up to $225 million, designed to return capital to shareholders and help offset dilution from stock-based compensation, according to a Monday statement from the company.The company said repurchases may be made over time in the open market, private transactions, block trades, or other permitted methods at its discretion, with no obligation to buy a set amount and the program subject to modification or suspension at any time.

ASX:360
Asia

Australian Shares Drop; Life360 Posts Lower Q1 Earnings, Higher Revenue

Australian shares declined on Tuesday as investors await the May 2026 Federal government budget in Australia, which is expected to change the taxation policy around investments.The S&P/ASX 200 Index fell 0.36%, or 31.10 points, to close at 8,670.70, setting a new 20-day low.Brent crude oil futures rose to around $105 per barrel as the US President Donald Trump said the ceasefire with Iran was "on life support." President Trump is set to visit China this week.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence fell 3.1 points to 64.1 in the week of May 4 to May 10, ANZ reported. The four-week moving average edged down 0.1 points to 65.9 points.Australian consumer confidence fell to near historic lows after the Reserve Bank of Australia raised the cash rate to 4.35%, with broad-based declines led by a sharp drop in household finances despite a slight easing in inflation expectations on lower petrol prices, according to ANZ economist Sophia Angala.Business confidence in Australia rose 5 points to negative 24 in April, driven by partial recoveries in retail, construction, and recreation and personal services, although trend confidence remained strongly negative across all industries and regions, National Australia Bank said.In company news, Life360 (ASX:360) reported first-quarter earnings of $0.03 per share, down from $0.05 a year earlier. Revenue for the three months ended March 31 was $143.1 million, compared with $103.6 million a year earlier. Its shares fell 11% on market close.Santos (ASX:STO) made a final investment decision to proceed with the Agogo production facility tie-in project in Papua New Guinea after the approval by the PNG LNG joint venture to deliver gas from the facility to the PNG LNG gas pipeline. First gas is expected to be produced in the second quarter of 2028.Lastly, DroneShield (ASX:DRO) received a notice from the Australian Securities and Investments Commission (ASIC) asking the company to cooperate with an investigation into market disclosures it made in November 2025. The company said it will lend its full cooperation to the regulator. Its shares fell 10% on market close.

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Asia

Life360 Posts 'Good' Q1 Result, Jefferies Says

Life360 (ASX:360) posted a "good" first-quarter result, driven by core subscription revenue, Jefferies said in a note.The technology company reported Tuesday first-quarter earnings of $0.03 per share, down from $0.05 a year earlier.Meanwhile, revenue for the three months ended March 31 was $143.1 million, with subscription strength and a step-up in advertising revenue after the Nativo platform acquisition, compared with $103.6 million a year earlier.Life360 raised its 2026 guidance, now expecting consolidated revenue of between $650 million and $685 million, up from the previous range of $640 million to $680 million, and adjusted earnings before interest, taxes, depreciation, and amortization of $130 million to $140 million, compared with prior guidance of $128 million to $138 million.Jefferies maintained its buy rating and AU$31 price target on Life360.Life360 shares fell 11% in afternoon trade Tuesday.

ASX:360
Asia

Update: Life360 Posts Lower Q1 Earnings, Higher Revenue; Raises 2026 Outlook, Shares Fall 11%

(Updates to add stock movement in the headline and last paragraph)Life360 (ASX:360) reported Tuesday first-quarter earnings of $0.03 per share, down from $0.05 a year earlier.Analysts polled by FactSet expected the company to break even.Revenue for the three months ended March 31 was $143.1 million, compared with $103.6 million a year earlier. Analysts surveyed by FactSet expected $137 million.The company raised its 2026 guidance, now expecting consolidated revenue of $650 million to $685 million, up from the previous range of $640 million to $680 million, and adjusted earnings before interest, taxes, depreciation, and amortization of $130 million to $140 million, compared with prior guidance of $128 million to $138 million. Analysts surveyed by FactSet expect sales of $663.5 million.The company's shares fell around 11% in recent Tuesday trade.

ASX:360
Asia

ASX Preview: Australian Shares Set to Rise as Oil Surges on Middle East Tensions; Life360 Posts Lower Q1 Earnings, Higher Revenue

Australian shares are poised to rise on Tuesday as oil prices surged above $104 a barrel amid escalating Middle East tensions, after US President Donald Trump warned that a fragile Iran ceasefire was "on life support" following stalled negotiations and continued disruption to shipping through the Strait of Hormuz.Overnight, the S&P 500 and the Dow Jones Industrial Average each rose 0.2%, while the Nasdaq Composite gained 0.1%.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence fell 3.1 points to 64.1 in the week of May 4 to May 10, ANZ reported Tuesday.Investors are eyeing the release of Westpac consumer confidence and NAB business confidence reports.In corporate news, Life360 (ASX:360) reported Tuesday first-quarter earnings of $0.03 per share on revenue of $143.1 million, compared with earnings of $0.05 on revenue of $103.6 million a year earlier.Insurance Australia Group (ASX:IAG) is targeting gross written premiums of over AU$25 billion, a more than 15% return on equity, and high single-digit earnings per share growth per year by 2030.Australia's benchmark index fell 0.5% or 42.6 points to close at 8,701.80 on Monday.

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Asia

Life360 Posts Lower Q1 Earnings, Higher Revenue; Raises 2026 Outlook

Life360 (ASX:360) reported Tuesday first-quarter earnings of $0.03 per share, down from $0.05 a year earlier.Analysts polled by FactSet expected the company to break even.Revenue for the three months ended March 31 was $143.1 million, compared with $103.6 million a year earlier. Analysts surveyed by FactSet expected $137 million.The company raised its 2026 guidance, now expecting consolidated revenue of $650 million to $685 million, up from the previous range of $640 million to $680 million, and adjusted earnings before interest, taxes, depreciation, and amortization of $130 million to $140 million, compared with prior guidance of $128 million to $138 million. Analysts surveyed by FactSet expect sales of $663.5 million.

ASX:360
Asia

ASX Midday Sector Update: Information Technology Stocks Advance, Energy Falls

Information technology stocks advanced nearly 1% in midday trading on Monday, as markets weighed continued tensions in the Middle East and a potential rate hike from the Reserve Bank of Australia on Tuesday.Xero (ASX:XRO) rose 2%, and Life360 (ASX:360) jumped 7%.On the flip side, energy stocks declined more than 2% after President Donald Trump said the US will start helping some ships pass through the Strait of Hormuz starting Monday.Woodside Energy Group (ASX:WDS) shed 3%, and Santos (ASX:STO) declined 2%.

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Asia

ASX Biggest Gainers

Here are the 10 ASX-listed companies with the biggest gains on Monday.Elevra Lithium (ASX:ELV): +7%, AU$12.92Newmont (ASX:NEM): +6%, AU$166.42IGO (ASX:IGO): +5%, AU$7.39Pilbara Minearls (ASX:PLS): +3%, AU$5.99Breville Group (ASX:BRG): +2%, AU$31.53Evolution Mining (ASX:EVN): +2%, AU$13.08Greatland Resources (ASX:GGP): +2%, AU$14.23Life360 (ASX:360): +1%, AU$21.23Sandfire Resources (ASX:SFR): +1%, AU$17.34Mineral Resources (ASX:MIN): +1%, AU$60.24

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Asia Markets

Australian Shares Flat; Magellan Financial Group Shareholders Approve Barrenjoey Merger

Australian shares were flat with a negative bias on Friday's close, as investors await talks between the US and Iran on ending the conflict in Pakistan this weekend.The S&P/ASX 200 Index was little changed to close at 8,960.60.US President Donald Trump said Iran was doing a "very poor job" of allowing oil to pass through the Strait of Hormuz. Iran is seeking to collect a toll on oil tankers passing through the strait. Brent crude futures rose 1% to $96.83 per barrel.On the domestic front, the total number of dwellings approved in Australia rose nearly 30% to 19,022 in February from 14,669 in the previous month, according to seasonally adjusted data from the Australian Bureau of Statistics.A disparity between supply and demand has resulted in divergent home value trends in Australia over the past several years, Cotality said in a report. Between the first quarter of 2020 and the third quarter of 2025, the sharpest growth in home values was concentrated in states where population growth has significantly exceeded the rate of dwelling completions, pointing to Western Australia and Queensland as primary examples.Bendigo Bank Chief Economist David Robertson expects the Reserve Bank of Australia (RBA) to hold the cash rate steady in May, but a third rate hike for the year is likely in August.In company news, Magellan Financial Group (ASX:MFG) said its shareholders approved a resolution to issue consideration shares to the Barrenjoey parties and an affiliate of Barclays as part of a proposed merger at an extraordinary general meeting on Friday.Fortescue (ASX:FMG) ramped up the delivery of an industrial, fully-integrated green energy grid amid plans to power all of its operations in Western Australia's Pilbara region for 24-hour periods without fossil fuels in 2027. Its shares fell 1% on market close.Lastly, Life360 (ASX:360) laid off an undisclosed number of employees, as part of plans to reshape the company into an "AI-native model," according to a social media post by Chief Executive Lauren Antonoff. Its shares closed down 3%.

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