Investment Approach - The company emphasizes a diversified investment strategy that incorporates fundamental, technical, and momentum investing methods to enhance the investment process [1]. Purpose of Writing - The article serves as a platform for tracking investment ideas and connecting with like-minded investors who share similar interests [1].

Group 1 - Oddity Tech Ltd. is recognized as one of the best performing new tech stocks, with a recent price target adjustment by KeyBanc from $90 to $80 while maintaining an Overweight rating [1][3] - The company reported a net revenue of $241 million in Q2 2025, reflecting a 25% year-over-year increase from $193 million in Q2 2024, with a gross profit of $174 million and a gross margin of 72.3% [2] - Oddity Tech has raised its full-year financial outlook for 2025, projecting net revenue between $799 million and $804 million, indicating a 23% to 24% annual growth, driven by strong online revenue growth and international expansion [3] Group 2 - Oddity Tech operates as a consumer tech company focused on building digital-first brands in the beauty and wellness sectors, both in the US and internationally [4]

Group 1: Market Insights - The tech sector is currently trading at a valuation of around 30x, lower than the 50x seen in the late 90s [1] - The year-over-year increase for the tech sector is about 28%, compared to over 100% leading up to the March 2000 peak [1] - Current earnings momentum in the tech sector is stronger than it was during the late 90s [1] Group 2: Investment Strategies - Truist Wealth maintains an overweight position in tech and communications, suggesting a bullish outlook for the sector [1][2] - Citi's research team is raising infrastructure investment estimates for AI while recommending pairing tech with cyclical beta to hedge risks [2] - The current infrastructure and spending trends suggest a potential shift towards 90s market dynamics, but the fundamentals indicate that the bull market has more room to grow [2] Group 3: Company Performance - SailPoint Inc. (NASDAQ: SAIL) has a 6-month performance of 33.25% and focuses on identity security solutions for enterprises [8][9] - Oddity Tech Ltd. (NASDAQ: ODD) has a 6-month performance of 52.23% and reported a net revenue of $241 million for Q2 2025, marking a 25% year-over-year increase [12][13] - Oddity Tech raised its full-year financial outlook, projecting net revenue between $799-$804 million, indicating a 23% to 24% annual growth [14]

Group 1 - The article discusses a high-growth investment opportunity that has significant potential for returns [1] - The investment strategy focuses on asymmetrical risk/reward opportunities, utilizing a mix of stock and derivatives positions [1] - The time horizon for investments varies, indicating a flexible approach to market conditions [1] Group 2 - The analyst has no current positions in the mentioned companies but may initiate a long position within 72 hours [2] - The article reflects the author's personal opinions and is not influenced by compensation from any company [2] - There is an intention to buy stock and options as indicated in the article [3]

Core Thesis - Oddity Tech Ltd. is positioned as a leading player in the beauty and medical-grade healthcare markets, demonstrating consistent execution of its growth strategy [2][5] Financial Performance - In Q2, Oddity achieved a revenue growth of 25% year-over-year, reaching $241 million, and generated $70 million in adjusted EBITDA, with LTM revenue totaling $752 million and $130 million in free cash flow [2][4] - The company's stock was trading at $62.82 with a trailing P/E of 34.90 as of September 12th [1] Business Model and Strategy - Oddity employs a data-driven, direct-to-consumer model that creates a self-reinforcing flywheel, where user insights inform product development, enhancing engagement and generating actionable feedback [3][4] - The upcoming Brand 3 telehealth platform aims to leverage a 60+ million-user base, targeting dermatology to address consumer dissatisfaction with conventional solutions [3][5] Growth Catalysts - Brand 3 and future Brand 4 are expected to be significant growth catalysts, potentially driving revenue growth beyond 25% year-over-year by late 2026 [5] - The company emphasizes sustainable, compounding growth with a target of 20% revenue growth and strong EBITDA margins, resisting short-term pressures [4][5] Market Position and Validation - Despite skepticism from past short reports, Oddity's audited financials, strong Trustpilot scores, and expanding product portfolio validate its business model [4][6] - The valuation appears compelling with significant upside potential driven by continued execution and market expansion [5][6]

Core Insights - The company is positioned as the largest direct-to-consumer beauty platform globally, emphasizing its unique operational model that excludes sales to retailers and third parties [2] - The company anticipates approaching $1 billion in revenue for the upcoming year, indicating significant growth potential [2] - The company operates primarily through its technology platform, with over 95% of its business being online and direct-to-consumer [2] Company Overview - The company currently has two brands, with plans to expand to three [2] - The first brand, IL MAKIAGE, is highlighted as a key component of the company's portfolio [2] Industry Trends - The beauty industry has experienced an increase in online penetration over recent years, which has influenced the company's operational strategies [1]

Group 1 - The session is part of the Global Credit Bureau Forum, featuring presentations from Experian's senior business leaders and showcasing their products [1] - The agenda includes an overview from the Group CFO, followed by presentations on North America Consumer Services, U.K. Consumer Services, and Brazil Consumer Services [2] - The session will conclude with a Q&A involving the senior leadership team, allowing for audience interaction [3]

Company Overview - ODDITY is positioned as the largest direct-to-consumer business in the global beauty industry, with over 95% of its revenue generated from its fully online technology platform, avoiding sales through third-party marketplaces, retailers, or wholesalers [2][3] - The company emphasizes a culture of innovation, characterized by rapid decision-making, a willingness to fail, and a commitment to challenging conventional norms [1][2] Brand Development - ODDITY currently operates two brands, with plans to expand to three. The first brand, IL MAKIAGE, was launched in the U.S. in 2018 and achieved over $500 million in revenue last year, establishing itself as one of the largest beauty brands in the United States [3]

Core Viewpoint - The article discusses the investment potential of ODD, highlighting the author's positive outlook based on personal investment positions and analysis [1]. Group 1 - The author holds a beneficial long position in ODD shares, indicating confidence in the company's future performance [1]. - The article expresses personal opinions and analysis without external compensation, suggesting an independent viewpoint [1]. - There is no business relationship with any company mentioned, reinforcing the objectivity of the analysis [1]. Group 2 - The article does not provide specific financial data or performance metrics related to ODD or the broader industry [2]. - No recommendations or advice are given regarding investment suitability, emphasizing a neutral stance on investment decisions [2]. - The authorship includes both professional and individual investors, indicating a diverse range of perspectives in the analysis [2].

Core Insights - ODDITY Tech Ltd. reported strong Q2 2025 results, with net sales and earnings exceeding estimates and showing year-over-year growth [1][3] - The company raised its full-year outlook, driven by robust top-line growth and strategic investments in innovation [2] Financial Performance - Adjusted EPS for Q2 was 92 cents, beating the estimate of 88 cents, and increased by 12.2% year-over-year [3] - Net sales reached $241.1 million, surpassing the estimate of $239 million, and grew by 25.1% from $192.8 million in the prior year [3] - Online DTC sales rose by 29.6% to $235.2 million, constituting 98% of total sales, up from 94% in the previous year [4] Margin and Cost Analysis - Gross profit was $174.4 million, a 25.3% increase from $139.1 million last year, with a gross margin of 72.3% [5] - SG&A expenses increased by 36.3% to $117.3 million, representing 48.6% of net sales, up 200 basis points year-over-year [5] - Operating income was $57.1 million, a 7.6% increase, while the operating margin declined to 23.7% [6] Strategic Developments - ODDITY's core brands, IL MAKIAGE and SpoiledChild, achieved double-digit online sales growth, supported by AI-driven personalization [10] - The company is on track to launch Brand 3 in Q4 2025, targeting the medical-grade dermatology segment, and Brand 4 is expected to launch in 2026 [11] - ODDITY raised $600 million through its first exchangeable note offering, indicating strong investor confidence [12] Future Guidance - For FY25, ODDITY expects net sales between $799 million and $804 million, reflecting 23-24% year-over-year growth [13] - Adjusted EBITDA is projected between $160 million and $162 million, with adjusted EPS expected between $2.06 and $2.09 [14] - For Q3 2025, net sales are anticipated to be between $144 million and $146 million, indicating year-over-year growth of 21-23% [14] Financial Health - As of June 30, 2025, ODDITY had cash and cash equivalents of $656.8 million, no long-term debt, and shareholders' equity of $351.2 million [9]