Oddity has announced its fourth quarter results, which showed net revenue was $97 million, as compared to $67 million in the previous year. Full-year results showed net revenue was $509 million, as compared to $324 million in the previous year.
Q4
Gross profit was $67 million, as compared to $44 million in the previous year.
Full-year
Gross profit was $358 million, as compared to $218 million in the previous year.
2024 Outlook
Net revenue is projected to be between $620 million and $630 million, representing year-over-year growth between 22% and 24%.
Oran Holtzman, Oddity co-founder and CEO, said, "Our fourth quarter delivered an outstanding finish to a record breaking year. We continued to deliver as promised. We achieved net revenue growth of 57% with adjusted EBITDA of $107 million, representing 21% adjusted EBITDA margin for the full year, exceeding guidance on every metric. Our large investments in technology and product over the past five years are yielding significant returns and allow the rare combination of scale, growth, and profitability. I truly believe there is no limit to what we can build at Oddity. We are playing in a huge TAM that is being transformed. And we have positioned our business to lead in two pillars of this transformation. First, the consumer shift online, where we believe we are already the largest direct-to-consumer platform in the market. Second, the shift to science-backed, NEW high-performance products, where we are ALL-IN, building the industry’s largest and most advanced platform for new molecule discovery. If we do it right, Oddity Labs will change our industry and our company."
