ODDITY Tech Ltd. (ODD) saw its shares surge 5.89% in afternoon trading on Tuesday following the company's report of record fourth quarter and full year 2024 financial results.
The beauty and wellness tech firm posted Q4 net revenue of $124 million, up 27% year-over-year, fueled by strong growth in its online direct-to-consumer sales. It was the eighth consecutive quarter that ODDITY exceeded its revenue guidance.
ODDITY's adjusted EBITDA for Q4 came in at $15 million, beating the high end of its guidance range. Adjusted net income rose 15.5% to $12 million, as the company continued to benefit from operating leverage and margin expansion.
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