Oddity (ODD) Q3 2024 earnings are in: Revenue came in at $119 million.
The company, which owns Il Makiage and SpoiledChild, saw net revenue come in at $119 million, compared to $94 million a year earlier and beating Wall Street forecasts for $116 million. Net income was $18 million, up from $3.8 million in the third quarter of 2023.
“We are pleased with our financial results for the third quarter, which beat our guidance across revenue, gross margin, adjusted EBITDA , and adjusted diluted EPS ,” said Lindsay Drucker Mann, Oddity Global CFO. “Our excellent Q324 and year-to-date results, combined with a strong start to Q4 and our sustained high repeat rates allow us to once again raise our full-year 2024 financial outlook across all metrics.
Oran Holtzman, cofounder and CEO at Oddity, added: “The strength and resilience of our direct-to-consumer model is on full display in this market backdrop, where some of our competitors are experiencing slowing sales, weaker foot traffic, and excess inventory conditions. In contrast, we are consistently delivering strong, profitable growth across brands, products, and categories in every environment.
New brands, numbers three and four, will launch in 2025. While few details are known, one is expected to be a medical-grade skin and body care brand targeting issues such as eczema and acne.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google
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