ODDITY demonstrated strong financial performance with record revenue growth and robust cash flow, yet anticipates gross margin compression and no immediate revenue contribution from new brand launches. The company's strategic focus remains on scaling existing brands and leveraging technology, positioning it well for future growth.

Company Guidance

In the ODDITY Q3 2024 earnings call, the company provided robust guidance emphasizing strong financial metrics and future growth strategies. ODDITY reported a 27% increase in revenue, totaling $523 million for the first nine months, with adjusted EBITDA of $135 million and $119 million in free cash flow, reflecting nearly 90% EBITDA conversion to cash. The company anticipates year-over-year revenue growth of 26% to 27% for 2024, projecting a net revenue of $642 to $644 million, with an adjusted EBITDA between $147 to $149 million and a gross margin of 71.5%. For Q4 2024, ODDITY expects net revenue growth between 22% and 24%. Looking ahead to 2025, the company forecasts 20% revenue growth and an adjusted EBITDA margin of 20%. ODDITY attributes its success to its direct-to-consumer model, significant investments in technology and data, and the upcoming launch of new brands, alongside the expansion of existing brands IL MAKIAGE and SpoiledChild. The company's strategic focus includes leveraging a $600 billion global market opportunity, technological innovation, and international market expansion, while maintaining 0 debt and robust cash reserves of $248 million.

Record Revenue Growth

ODDITY reported a 27% increase in revenue to $523 million for the first nine months of the year, with a 26% increase to $119 million in Q3 2024, surpassing guidance.

Strong Adjusted EBITDA and Cash Flow

The company delivered an adjusted EBITDA of $135 million, with $119 million in free cash flow, converting close to 90% of EBITDA to cash.

Expansion Plans and New Brands

ODDITY plans to launch Brand 3 and Brand 4 in the second half of 2025, along with continued investment in technology and ODDITY LABS.

High Gross Margin

Q3 gross margin was 69.9%, above guidance, although slight compression is expected in the future.

Significant Cash Reserves and No Debt

ODDITY holds $248 million in cash and equivalents with zero debt, even after repurchasing $50 million worth of shares.

---

ODDITY Tech Ltd. Class A (ODD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ODD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2023	2023 (Q2)	- / 0.56	0.294	90.82% (+0.27)	―
Nov 07, 2023	2023 (Q3)	0.14 / 0.06	0.049	22.45% (+0.01)
Mar 05, 2024	2023 (Q4)	0.09 / 0.08	-0.012	766.67% (+0.09)
May 07, 2024	2024 (Q1)	0.47 / 0.53	0.366	44.81% (+0.16)
Aug 07, 2024	2024 (Q2)	0.64 / 0.73	0.561	30.12% (+0.17)
Nov 06, 2024	2024 (Q3)	0.20 / 0.29	0.06	383.33% (+0.23)
Mar 11, 2025	2024 (Q4)	0.11 / -	0.08	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

ODD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$43.44	$42.11	-3.06%
Aug 07, 2024	$40.70	$38.60	-5.16%
May 07, 2024	$31.26	$36.49	+16.73%
Mar 05, 2024	$45.89	$43.81	-4.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---