Life360 Inc (ASX: 360) shares are soaring 11.48% in intraday trading, building on the momentum from yesterday's 16% gain following the release of its impressive Q1 earnings report. The family safety app provider continues to demonstrate strong growth and improving financials, catching investors' attention.

The company's Q1 results showed remarkable progress, with revenue growth of 33% and adjusted EBITDA more than tripling compared to the same period last year. CEO Chris Hulls expressed confidence that the company would reach break-even this year, a significant milestone for the tech firm. Life360 also reported substantial user growth, adding 4.1 million net global monthly active users in Q1, bringing its total to 83.7 million.

Life360's growing popularity is evident in its app rankings. It now stands as the 13th highest-ranked app in the US based on daily active users and ranks 4th in the social networking category, trailing only behind giants like Facebook, Facebook Messenger, and WhatsApp. The company's international expansion strategy appears to be paying off, with international revenue growing by 39% in Q1. As Life360 continues to resonate with users globally and improve its financial performance, investors seem increasingly optimistic about its growth potential in the family safety and connectivity market.