THE WHAT? Oddity has introduced its outcomes for the fourth quarter and full 12 months ended December 31, 2024. The tech agency noticed full 12 months gross sales soar 27 % to US$647 million, whereas adjusted EBITDA of US$150 million, up 40 % yoy.
THE DETAILS The tech agency stated that it hopes to extend web income to between US$776 million and US$785 million by the continued worthwhile progress of its present portfolio, accelerating funding in Oddity Labs and constructing Model 4, to steer in a horny class within the magnificence and wellness market.
THE WHY? Oran Holtzman, Oddity co-founder and CEO, feedback, “2024 was a record-breaking 12 months for Oddity. We delivered excellent outcomes and exceeded our monetary steerage each single quarter of the 12 months, simply as we have now previously 7 quarters since our IPO, whereas concurrently making huge 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 speak about weaker gross sales and extra stock, but we delivered web income progress of 27 % for the 12 months at a 23.3 % adjusted EBITDA margin and with glorious free money era.”
