ODDITY Tech Ltd. Class A (ODD) has released an update.
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ODDITY Tech Ltd. has reported a record-breaking third quarter with net revenue soaring to $119 million, marking a 26% increase year-over-year, and a significant net income rise of 362% compared to the previous year. The company’s direct-to-consumer business model continues to outperform competitors, with robust growth across its brands, IL MAKIAGE and SpoiledChild, and a strong financial position with $248 million in cash and no debt. ODDITY has raised its full-year outlook, showcasing confidence in its ongoing growth and market strategy.
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