It was released on February 23, 2024, making it their label debut on Mom + Pop in the United States and internationally on BMG Rights Management, and their first studio album in six years since 2018's Little Dark Age.

On September 21, 2023, Andrew VanWyngarden posted a picture of a vinyl "test pressing" with a banana on top on Reddit, accompanied by the caption "elf of soils".

[9] Fred Thomas from AllMusic stated, "Loss of Life is restrained for MGMT's track record, still managing to express personality and abstract thinking (musical and lyrical) while keeping huge melodies in the forefront.

Loss of Life distinguishes itself through its use of this soft-rock accelerationist aesthetic to bolster the thematic punch of Goldwasser and VanWyngarden's songs, which come across as equally awed and aghast at our era's technological splendor and the crushing dehumanization it inflicts upon all but the most fortunate.

Their palette of references serves a dual function: The arrangements' gaudy spectacle reflects the feeling of life in a wonderland of convenience, entertainment, and alienation, even as their palpable sense of yearning earnestly suggests the possibility that love could help us to transcend this well-appointed hell we've made.