Key Takeaways
- ODDITY Tech reported Q1 2025 net revenue of US$268 million, a 27% increase from last year.
- Both beauty brands, IL MAKIAGE and SpoiledChild, achieved double-digit revenue growth.
- The company is set to launch a new beauty brand in Q4 2025 and continues to develop its innovation platform.
Financial Highlights
ODDITY Tech has announced significant financial results for the first quarter of 2025, attributing its success to strong performances from its beauty brands, IL MAKIAGE and SpoiledChild. For the quarter ending March 31, the company recorded a net revenue of US$268 million, reflecting a robust 27% year-over-year growth. Adjusted EBITDA stood at US$52 million, marking a 9% increase compared to the same quarter last year. The net income reached US$38 million, while operating cash flow soared to US$88 million.
In addition to impressive revenue figures, ODDITY holds a strong financial position with US$257 million in cash and no debt. This solid financial foundation has enabled the company to exceed its guidance across all key performance metrics.
Brand Growth and Future Plans
Both IL MAKIAGE and SpoiledChild have demonstrated notable double-digit revenue growth, contributing to ODDITY’s overall performance. The company is also poised to expand its portfolio further, confirming the development of a third beauty brand anticipated for a soft launch in Q3 2025, followed by a full-scale launch in Q4 2025.
In line with its commitment to innovation, ODDITY is actively developing its ODDITY LABS molecule discovery platform, which aims to enhance product innovation within the beauty sector.
Market Insights
ODDITY Tech’s strong performance underscores the ongoing consumer demand for high-quality beauty products. The company benefits from the strength of its direct-to-consumer model, which has allowed it to maintain momentum amidst market fluctuations. With continued investment in research and development, along with international expansion efforts, ODDITY anticipates a full-year revenue growth between 22% and 23%. This projection comes despite expected challenges related to tariffs, demonstrating the company’s resilience and strategic planning in navigating potential industry hurdles.
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