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ASX 200 reporting season
Life360 leadership shift and strong earnings propel market dynamics
Life360 announces significant leadership changes while Seven West Media navigates profit declines by focusing on streaming, and SGH reports strong earnings driven by its industrial services.
(AI video summary)
This video was created on 12 August for IG audiences by ausbiz.
Key financial results
Life360 (ASX:360)
Life360 increased its full-year guidance after a 34% rise in second-half revenue, reaching $219 million, and net income improved to $11.4 million from last year's loss of $20.7 million.
Life360's co-founder Chris Hulls is stepping down as chief executive officer (CEO) after nearly two decades to become the executive chair, with Lauren Antonoff transitioning into the CEO role.
Seven West Media (ASX:SWM)
Seven West Media reported a 63% decline in full-year net profit to $16.6 million, with revenue falling 4.5% to $1.35 billion. The company is shifting focus to streaming services to offset weak broadcast results and will not distribute a dividend for financial year (FY) 25. It aims for $161 million in earnings for fiscal year 2026, up from $159 million last year.
SGH (ASX:SGH)
SGH posted a 9% increase in full-year net profit to $924 million, with earnings before interest and taxes (EBIT) rising 8% to $1.54 billion. The result reflects disciplined execution across its industrial services. SGH announced a fully franked final dividend of $0.32 per share, taking the total dividend to $0.62, up 17% from last year. CEO Wright Stokes emphasised the benefits of the company's diversified operations.
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