Q1 2025 Oddity Tech Ltd Earnings Call Transcript
Key Points
- ODDITY Tech Ltd (ODD) reported a 27% revenue growth in Q1 2025, reaching $268 million, exceeding expectations.
- The company achieved an adjusted EBITDA of $52 million, representing a 19.5% margin, and generated $87 million in free cash flow.
- ODDITY Tech Ltd (ODD) continues to benefit from the consumer shift to online shopping, positioning itself as a dominant B2C platform.
- The company is on track to meet its $1 billion revenue goal for Il Makiage by 2028 and is seeing strong growth in its Spoiled Child brand.
- ODDITY Tech Ltd (ODD) is expanding internationally, with promising results from markets like France, Italy, and Spain, and plans to continue scaling globally.
- Despite strong performance, ODDITY Tech Ltd (ODD) faces potential challenges from tariffs, which could impact gross margins by 50 to 100 basis points.
- The company is heavily reliant on the US market, with 80% of its business currently based there, which could pose risks if domestic demand weakens.
- ODDITY Tech Ltd (ODD) is investing heavily in new brand launches and Oddity Labs, which may not contribute to revenue in the short term.
- The company acknowledges that its gross margin of 71% may not be sustainable long-term, with expectations to stabilize in the high 60s.
- ODDITY Tech Ltd (ODD) faces competition in the beauty industry, particularly in the telehealth and biotech sectors, where it is investing to gain a competitive edge.
Good morning and welcome to Oddity Tech's first quarter 2025 earnings conference call.
Today's call is being recorded and we have allocated time for prepared remarks and Q&A.
At this time I'd like to turn the conference over to Maria Laos, investor relations of for Oddity.
Thank you. You may begin.
Thank you, operator. I'm joined by Oran Holtzman, Oddity's co-founder and CEO,; and Lindsay Drucker Mann, Audity's Global CFO.; Niv Price, Oddity CTO will also be available for the question and answer session.
As a reminder, management's remarks on this call that do not concern past events are forward-looking statements. These may include predictions, expectations, or estimates, including statements about Oddity's business strategy, market opportunity, future financial performance, and potential long-term success. Forward-looking statements involve risks and uncertainties, and actual results could differ materially due to a variety of factors.
These factors are
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