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Dec 31, 2024
Oddity Tech Q4 2024 Earnings Report
Oddity Tech reported record fourth quarter and full year results, exceeding financial guidance across all metrics.
Key Takeaways
ODDITY Tech Ltd. announced record-breaking financial results for the fourth quarter and full year ended December 31, 2024, exceeding financial guidance across all metrics. The company achieved significant year-over-year growth in net revenue, adjusted EBITDA, and net income, driven by strong performance in its direct-to-consumer model and continued investments in new technologies and brands.
ODDITY exceeded financial guidance across every metric for the fourth quarter ended December 31, 2024.
The company achieved strong double-digit growth for both IL MAKIAGE and SpoiledChild brands.
ODDITY made great progress in developing brands 3 and 4 to disrupt additional large beauty and wellness categories.
The company maintained a strong balance sheet position with $169 million in cash, cash equivalents, and investments, and zero outstanding debt.
Oddity Tech
Oddity Tech
Oddity Tech Revenue by Geographic Location
Revenue by Geographic Location
Online DTC Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
ODDITY is providing guidance for the full year ending December 31, 2025, and for the first quarter ending March 31, 2025, expecting continued profitable growth and expansion.
Positive Outlook
- Net revenue for FY 2025 is expected to be between $776 million and $785 million.
- Gross margin for FY 2025 is expected to be approximately 70%.
- Adjusted EBITDA for FY 2025 is expected to be between $155 million and $158 million.
- Adjusted diluted EPS for FY 2025 is expected to be between $1.94 and $1.98.
- Net revenue for Q1 2025 is expected to be between $258 million and $262 million.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The company assumes a tax rate of approximately 20% for both FY 2025 and Q1 2025 guidance, which could be a negative if actual tax rates are higher.
- The financial outlook figures are forward-looking statements subject to assumptions and estimates, meaning actual results may differ materially.
- The company is unable to provide a quantitative reconciliation of Adjusted EBITDA and Adjusted diluted EPS outlook to GAAP measures due to unpredictable items.
- Factors such as market trends, customer retention, supply chain disruptions, and geopolitical conflicts could impact future performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income