ZheWei Sim

ZheWei Sim of Jefferies asked about Life360's positioning as a social networking app versus a safety tool. He later followed up by asking if Chris Hulls' CEO transition signaled a belief that growth is slowing.

Answer

CEO Lauren Antonoff reiterated that the company's core focus will remain on family safety and connection, as this is their key differentiator. Co-Founder & Executive Chairman Chris Hulls firmly stated the transition is unrelated to growth, noting it was timed for a period of strength and that he remains highly confident in the company's trajectory.

Asked about the implications of the Hubble technology for the Jiobit product line, the expected latency of the satellite network, the scale of a full satellite constellation, the ramp-up timeline for advertising revenue, and the company's cadence for launching other new initiatives.

Answer

Executives stated the Hubble tech enhances the vision for Jiobit, enabling a future device with long-life real-time GPS backed by a year of Bluetooth/satellite tracking. Hubble's network latency will improve from days to minutes as the constellation grows to dozens of satellites. Meaningful ad revenue growth is expected from year two (FY25) onwards. The Hubble initiative is unique due to its low-effort nature and not indicative of a change in strategy for launching new verticals.