Q4 2024 Oddity Tech Ltd Earnings Call Transcript
Key Points
- ODDITY Tech Ltd (ODD) reported a 27% revenue growth in 2024, reaching $647 million, with an adjusted EBITDA of $150 million, marking a 40% year-over-year increase.
- The company achieved a strong free cash flow of $134 million, converting over 130% of net income into cash.
- ODDITY Tech Ltd (ODD) has consistently beaten earnings guidance for seven consecutive quarters since going public.
- Both brands, Il Makiage and Spoiled Child, experienced double-digit revenue growth, with Il Makiage surpassing $500 million in revenue.
- The company is expanding its international presence, with promising growth in markets like the UK, Germany, and Australia, and plans for further expansion.
- ODDITY Tech Ltd (ODD) faces increased media costs, which could impact customer acquisition expenses.
- The company anticipates lower gross margins for Brand 3 due to higher costs associated with prescription products and doctor networks.
- There is a potential risk if TikTok, a platform used for customer acquisition, ceases operations in the US, although the company claims minimal impact.
- ODDITY Tech Ltd (ODD) is making significant investments in new brands and Oddity Labs, which may not contribute materially to 2025 revenue.
- The company is operating in a competitive market with challenges from traditional beauty companies and macroeconomic concerns affecting consumer confidence.
Good morning. Welcome to Oddity 4th quarter and full year 2024 earning conference call.
(Operator instruction).
At this time, I would like to turn the conference over to Maria Lycouris, Investor Relations for Oddity.
Thank you, operator. I'm joined by Oran Holtzman, Oddity's Co-founder & CEO and Niv Price, Oddity's Chief Technology Officer (CTO), and Lindsay Drucker Mann, Oddity's Global CFO.
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 described under forward-looking statements in our earnings press release issued yesterday and in our most recent annual report on Form 20 filed
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