ODDITY Tech Ltd. develops and scales digital-first beauty, wellness and telehealth brands through an AI-driven online platform. Company news commonly covers financial results, outlook updates, repeat-customer sales trends, gross margin and adjusted EBITDA, along with product development across IL MAKIAGE, SpoiledChild, METHODIQ and ODDITY Labs.
Recurring developments also include launches of new consumer and medical-care offerings, use of data science and computer vision in online diagnosis and product matching, dermatology-focused treatments through METHODIQ, and capital actions such as Class A ordinary share repurchase authorizations.
ODDITY Tech (NASDAQ: ODD) reported record first quarter results for 2024, with net revenue reaching $212 million, a 28% increase year-over-year. Net income rose to $33 million, a 68% increase, and adjusted net income reached $38 million, an 82% increase. The company also achieved a record adjusted EBITDA of $48 million and free cash flow of $79 million. ODDITY exceeded financial guidance, showing excellent growth at key brands, and strengthening its balance sheet with $252 million in cash and no debt.
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