ODDITY Tech Ltd (ODD, Financial) has released its financial results for the fourth quarter and full year ending December 31, 2024. The company reported a full-year net revenue of $647 million, marking a 27% increase year-over-year, and a full-year adjusted EBITDA of $150 million, a 40% increase from the previous year. The company also achieved a net income of $101 million and an adjusted net income of $121 million. ODDITY's strong performance is attributed to its direct-to-consumer model and strategic investments in new technology and brands. The press release was issued on February 25, 2025.
Positive Highlights
- Full-year net revenue increased by 27% to $647 million.
- Adjusted EBITDA rose by 40% to $150 million.
- Net income for the year was $101 million, with an adjusted net income of $121 million.
- Strong cash position with $169 million in cash, cash equivalents, and investments, and no outstanding debt.
- Successful share buyback program, repurchasing 2.35 million shares for approximately $100 million in Q4.
Negative Highlights
- Fourth quarter adjusted EBITDA decreased by 7.1% compared to the previous year.
- Net income margin for Q4 decreased to 4.3% from 5.3% in the previous year.
Financial Analyst Perspective
ODDITY Tech Ltd's financial results for 2024 demonstrate robust growth and effective cost management, as evidenced by the significant increase in net revenue and adjusted EBITDA. The company's strategic focus on direct-to-consumer sales and investment in new technologies and brands has positioned it well for future growth. The strong cash position and lack of debt provide a solid foundation for continued expansion and shareholder value enhancement through share buybacks.
Market Research Analyst Perspective
ODDITY Tech Ltd's performance highlights the growing consumer shift towards online shopping and the demand for high-performance products. The company's direct-to-consumer model has proven effective in capturing market share in the beauty and wellness industries. ODDITY's investment in new brands and technology, such as ODDITY LABS, indicates a forward-thinking approach to market trends and consumer needs, positioning the company as a leader in digital-first brand development.
FAQs
Q: What was ODDITY's net revenue for 2024?
A: ODDITY's net revenue for 2024 was $647 million, a 27% increase year-over-year.
Q: How much was the adjusted EBITDA for 2024?
A: The adjusted EBITDA for 2024 was $150 million, representing a 40% increase from the previous year.
Q: What is ODDITY's financial outlook for 2025?
A: ODDITY expects net revenue between $776 million and $785 million, with a gross margin of approximately 70% and adjusted EBITDA between $155 million and $158 million for 2025.
Read the original press release here.
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