Oddity FY2024: Report breaking yr with income up 27 %

THE WHAT? Oddity has introduced its outcomes for the fourth quarter and full yr ended December 31, 2024. The tech agency noticed full yr gross sales soar 27 % to US$647 million, whereas adjusted EBITDA of US$150 million, up 40 % yoy.

THE DETAILS The tech agency mentioned that it hopes to extend internet income to between US$776 million and US$785 million by the continued worthwhile development of its current portfolio, accelerating funding in Oddity Labs and constructing Model 4, to steer in a lovely class within the magnificence and wellness market.

THE WHY? Oran Holtzman, Oddity co-founder and CEO, feedback, “2024 was a record-breaking yr for Oddity. We delivered excellent outcomes and exceeded our monetary steering each single quarter of the yr, simply as we’ve previously 7 quarters since our IPO, whereas concurrently making large investments in our future.

“We as soon as once more proved the facility of on-line. The power of our direct-to-consumer mannequin actually stands out on this backdrop the place others discuss weaker gross sales and extra stock, but we delivered internet income development of 27 % for the yr at a 23.3 % adjusted EBITDA margin and with glorious free money technology.”