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GlobeNewswire·

ODDITY Tech Reports Second Quarter 2026 Results, Expects Sequential Revenue Improvement in the Third Quarter

ODD
  • ODDITY Tech Ltd. reported second quarter 2026 net revenue of $181 million, a 25% decrease year-over-year.
  • Second quarter adjusted EBITDA was $13 million, while net income was $13 million and adjusted net income was $11 million.
  • The company maintains strong liquidity with $561 million in cash, equivalents, and investments, plus $350 million in undrawn credit facilities.
  • SpoiledChild achieved double-digit revenue growth in the quarter and is on track for at least 35% growth in 2026.
  • METHODIQ showed strong early results, with expectations for first-year net revenue to exceed SpoiledChild's first-year performance.
  • ODDITY repurchased $80 million of Class A ordinary shares and retired $50 million of zero-coupon 2030 exchangeable notes during the quarter.
  • Total share count was reduced by approximately 20% year-to-date, with $87 million remaining under the 2026 buyback plan.
  • The company continues working with its largest advertising partner to resolve technical issues affecting the IL MAKIAGE account.
  • Third quarter 2026 net revenue is expected to decline approximately 5% year-over-year, driven by growth at SpoiledChild and METHODIQ.
  • Full year 2026 net revenue guidance is set to decline approximately 19% year-over-year.
  • Full year 2026 adjusted EBITDA is guided between $30 million and $32 million.
  • Gross margin for the second quarter was 68.7%, down from 72.3% in the same period in 2025.
  • Diluted earnings per share for the quarter were $0.24, compared to $0.79 in the prior year period.
  • ODDITY operates brands including IL MAKIAGE, SpoiledChild, and METHODIQ with over 70 million users on its AI-driven platform.