Life360 Inc's stock surged 8.39% in after-hours trading on Monday, following the release of its first-quarter financial results.

The company reported Q1 revenue of $143.1 million, beating analyst estimates of $137.3 million, while adjusted EBITDA of $17.1 million also exceeded expectations of $15.6 million. Strong subscription revenue growth of 32% to $108.2 million and a 329% surge in advertising revenue to $19.7 million drove the top-line performance.

Investors reacted positively to Life360's raised full-year revenue guidance to $650-$685 million from $640-$680 million previously, alongside increased subscription revenue forecasts. The company also reported a 17% increase in global monthly active users to approximately 97.8 million and a 27% rise in Paying Circles to about 3 million.