ODDITY Tech Ltd. announced record financial results for the first quarter ended March 31, 2025, surpassing its own expectations across all key metrics. Net revenue for the quarter reached $268.1 million, marking a 27% increase compared to the same period last year. Adjusted EBITDA stood at $52 million, and adjusted diluted EPS was $0.69, with GAAP net income of $37.8 million, or $0.63 per share.
The company's gross margin expanded to 74.9% in Q1 2025, demonstrating efficient operations. ODDITY's management highlighted that these results position the company to exceed its long-term financial algorithm of 20% revenue growth and 20% adjusted EBITDA margin for 2025.
Following this strong performance, ODDITY raised its full-year 2025 financial outlook. The company now expects net revenue between $790 million and $798 million, adjusted EBITDA between $157 million and $161 million, and adjusted diluted EPS between $1.99 and $2.04. The updated guidance also projects a gross margin of 71% for the full year.
ODDITY also provided guidance for the second quarter of 2025, anticipating net revenue between $235 million and $239 million, and adjusted diluted EPS between $0.85 and $0.89. The company noted that potential tariff and trade-related headwinds are expected to be manageable and largely offset by cost efficiencies.
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