Record Revenue Growth
Oddity Tech Ltd. reported a revenue increase of 27% year-over-year, reaching $647 million for fiscal year 2024.
Impressive Adjusted EBITDA Growth
The adjusted EBITDA grew by 40% year-over-year to $150 million at a 23.3% margin.
Strong Free Cash Flow
The company generated $134 million in free cash flow, converting over 130% of net income into cash.
Consistent Outperformance
Oddity Tech Ltd. exceeded earnings guidance every quarter since going public and raised outlooks on sales and profitability for seven consecutive quarters.
Successful Brand Performance
Il Makiage and Spoiled Child both grew revenue by double digits, with Il Makiage surpassing $500 million in revenue.
High Customer Repeat Rate
The company achieved a twelve-month revenue repeat rate of over 100%.
Strong International Expansion
Initiatives to accelerate international presence are underway with good indications from markets like the UK, Germany, and Australia.
Innovative Product Pipeline
New brands like Brand 3 and Brand 4, and initiatives like Oddity Labs, highlight potential future growth and innovation.
Robust AI and Tech Development
Significant advancements in AI-based commercial engines and product personalization were reported, boosting customer experience and operational efficiency.
Strategic Share Buybacks
Repurchased 3.6 million shares, totaling approximately $147 million, indicating strong cash flow and shareholder value creation.