ODDITY Tech Ltd. Class A ( (ODD) ) has released its Q4 earnings. Here is a breakdown of the information ODDITY Tech Ltd. Class A presented to its investors.
ODDITY Tech Ltd. is a consumer tech company specializing in digital-first beauty and wellness brands, leveraging AI-driven platforms to serve approximately 60 million users worldwide. The company operates from New York, Tel Aviv, and Boston, focusing on disrupting traditional offline markets.
ODDITY Tech Ltd. has reported a record-breaking financial performance for the fourth quarter and full year of 2024, with significant growth in net revenue and adjusted EBITDA. The company exceeded its financial guidance for every quarter, marking a successful year since its IPO.
Key financial highlights include a 27% year-over-year increase in full-year net revenue to $647 million and a 40% rise in adjusted EBITDA to $150 million. The company also achieved a net income of $101 million and generated $134 million in free cash flow. ODDITY’s strong balance sheet is underscored by $169 million in cash and investments, with no outstanding debt. Strategic initiatives such as the development of ODDITY LABS and new brands are set to drive future growth.
Looking ahead, ODDITY remains optimistic about its growth prospects, with plans to expand its brand portfolio and invest in new technology products. The company aims to achieve net revenue between $776 million and $785 million in 2025, reflecting its confidence in maintaining strong financial performance.