Oddity expects to top Q3 revenue guidance

CFO Lindsay Mann says: “Our excellent third quarter performance and our momentum entering the fourth quarter give us confidence in our ability to deliver a strong finish to the year. We achieved high quality revenue upside at attractive margins, allowing us to beat our third quarter guidance. We now expect our year-over-year net revenue growth for the third quarter to be between 29%-31%, ahead of our initial guidance of 18%-23%. We expect gross margin of 68.5% approximately 100 basis points higher than our 67.5% initial guidance. We expect adjusted EBITDA margin of between 21.0%-21.5%, at the high end of our 20.0%-21.5% initial guidance. We plan to provide a full update to our full year earnings outlook when we report our third quarter results in November.”