Oddity Tech .(US:ODD) Businesswire·2026-03-25 19:07Core Viewpoint - ODDITY Tech Ltd. is facing a class action lawsuit due to significant financial losses attributed to issues with its largest advertising partner, leading to a sharp decline in stock price and increased customer acquisition costs [2][3]. Financial Performance - On February 25, 2026, ODDITY reported its fourth quarter and full year 2025 financial results, indicating a 30% expected decline in revenue year-over-year for the first quarter of 2026 [2]. - The company's stock price plummeted by $14.28, or 49.2%, closing at $14.74 per share following the announcement of these results [3]. Lawsuit Details - The class action lawsuit alleges that ODDITY made materially false and misleading statements regarding its business operations and financial health during the class period from February 26, 2025, to February 24, 2026 [3]. - Key allegations include failure to disclose the impact of an algorithm change by its largest advertising partner, which led to higher customer acquisition costs and negatively affected the company's market position [3].