ODDITY Tech Ltd. (ODD) stock surged 5.51% in pre-market trading on Thursday, fueled by the company's impressive 2024 financial results and optimistic 2025 guidance.
According to the Q4 2024 earnings report, ODDITY Tech achieved remarkable growth, with revenue rising 27% year-over-year to $647 million and adjusted EBITDA soaring 40% to $150 million. The company also generated a strong free cash flow of $134 million, highlighting its solid financial position.
ODDITY Tech's brands, Il Makiage and Spoiled Child, both experienced double-digit revenue growth, with Il Makiage surpassing $500 million in revenue. The company is expanding its international presence, eyeing promising markets like the UK, Germany, and Australia.
Furthermore, ODDITY Tech's management set an ambitious target for 2025, projecting a 20% revenue growth and an adjusted EBITDA margin of 20%. This outlook, coupled with the company's consistent earnings beat and plans to launch a new telehealth brand, Brand 3, has bolstered investor confidence.
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