Portnoy Law Firm Announces Class Action on Behalf of Oddity Tech Ltd. Investors

Core Viewpoint - A class action lawsuit has been initiated against Oddity Tech Ltd. due to alleged misleading statements and undisclosed issues that negatively impacted the company's financial performance during the specified class period [1][3]. Group 1: Class Action Details - The class action is on behalf of investors who purchased Oddity securities between February 26, 2025, and February 24, 2026, with a deadline for filing a lead plaintiff motion set for May 11, 2026 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Allegations Against Oddity Tech - The lawsuit claims that Oddity Tech's largest advertising partner made algorithm changes that diverted advertisements to lower quality auctions, resulting in abnormally high costs [3]. - This change significantly increased customer acquisition costs, adversely affecting Oddity Tech's business and financial outlook [3]. - The lawsuit alleges that the defendants overstated the strength and sustainability of Oddity Tech's digital operating model and market position [3]. Group 3: Financial Impact - On February 25, 2026, Oddity Tech reported financial results indicating a dislocation with its largest advertising partner due to algorithm changes, which led to significant increases in user acquisition costs [4]. - Following this announcement, Oddity Tech's Class A ordinary shares experienced a decline of over 49% [4].