ODDITY Tech Ltd. announced record financial results for the third quarter ended September 30, 2024, with net revenue reaching $119 million, marking a 26% increase year-over-year. The company also reported a significant rise in net income to $18 million, up 362% from the prior year, and adjusted net income of $20 million, a 53% increase.
The strong performance extended to profitability, with adjusted EBITDA reaching $25 million for the quarter. For the nine months ended September 30, 2024, net revenue grew 27% to $523 million, and adjusted EBITDA stood at $135 million, demonstrating consistent operational strength.
In light of these results, ODDITY raised its full-year 2024 revenue guidance, now expecting net revenue between $642 million and $644 million. The company's robust cash generation was also highlighted, with nine-month net operating cash flow of $122 million and free cash flow of $119 million, providing substantial financial flexibility.
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