Oddity Tech .(US:ODD) Businesswire·2026-03-26 17:22Core Viewpoint - ODDITY Tech Ltd. is facing a securities fraud lawsuit due to significant financial losses attributed to issues with its largest advertising partner, leading to a drastic decline in stock price and expected revenue [2][3]. Financial Performance - On February 25, 2026, ODDITY reported a 30% year-over-year decline in expected revenue for Q1 2026, primarily due to increased user acquisition costs resulting from algorithm changes by its largest advertising partner [2][3]. Stock Market Reaction - Following the financial disclosure, ODDITY's stock price plummeted by $14.28, or 49.2%, closing at $14.74 per share on February 25, 2026, which significantly impacted investors [3]. Lawsuit Details - The class action lawsuit alleges that ODDITY's management made materially false and misleading statements regarding the company's business operations and financial health, failing to disclose the adverse effects of the advertising partner's algorithm changes [3][4].