ODDITY Tech Shares Soar 30% in 7-Day Winning Streak Trading Volume Ranks 273rd

Generado por agente de IAAinvest Market Brief
miércoles, 30 de abril de 2025, 8:01 pm ET1 min de lectura
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ODDITY Tech(ODD) shares surged 30.36% on April 30, 2025, marking the seventh consecutive day of gains, with a total increase of 50.59% over the past week. The company's trading volume reached 3.90 billion, ranking 273rd in the market.

ODDITY Tech reported strong financial results for the first quarter of 2025, with net revenue reaching $268 million, a 27% year-over-year increase. The company's adjusted EBITDA for the quarter was $52 million, and net income stood at $38 million. ODDITYODD-- also generated $87 million in free cash flow, highlighting its robust financial health.

CEO Oran Holtzman attributed the strong performance to the company's early investments in the transformation of the beauty industry, which has seen a shift towards online platforms and high-performance products. Holtzman emphasized that the structural changes in the industry, including the growth of online sales, have strengthened ODDITY's position.

ODDITY achieved several key objectives during the first quarter, including exceeding financial guidance across all metrics, achieving double-digit revenue growth for both IL MAKIAGE and SpoiledChild, and accelerating international expansion. The company is also progressing towards the launch of Brand 3 in the third quarter of 2025 and continues to develop its ODDITY LABS molecule discovery platform.

Looking ahead, ODDITY has raised its full-year outlook for 2025, expecting revenue growth ahead of its 20% long-term target. The company anticipates net revenue between $790 million and $798 million, representing year-over-year growth between 22% and 23%. ODDITY's strong balance sheet, with $257 million in cash and no outstanding debt, positions it well to continue investing in growth while navigating potential tariff and trade-related headwinds.

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