Oddity Tech Reports Record 2024 Fourth Quarter and Full Year Results

Core Insights - ODDITY Tech Ltd. reported a record-breaking year in 2024, achieving net revenue growth of 27% and exceeding financial guidance every quarter since its IPO [2][4][5] - The company demonstrated strong performance in its direct-to-consumer model, contrasting with industry trends of weaker sales and excess inventory [2][5] - ODDITY's strategic focus includes investments in technology products and new brands to capture growth in the beauty and wellness sectors [2][5] Financial Performance - Full year net revenue reached $647 million, a 27$150 million, reflecting a 40% year-over-year growth [4][13] - Fourth quarter net revenue was $124 million, also a 27$101 million, compared to $59 million in 2023, with an adjusted net income of$121 million [4][13] Key Initiatives and Future Outlook - ODDITY plans to leverage its platform model for future growth through new brands and products [12][17] - The company is focused on developing Brand 3, a telehealth platform, and Brand 4 in the beauty and wellness market [12][17] - For 2025, ODDITY projects net revenue between $776 million and$785 million, with an adjusted EBITDA of $155 million to$158 million [14][17] Shareholder Returns and Financial Health - ODDITY repurchased 2.35 million shares for approximately $100 million in Q4 2024, totaling$147 million for the year [5][12] - As of December 31, 2024, the company had a strong balance sheet with $169 million in cash and no outstanding debt [5][12]