ODDITY Tech shares surged Wednesday in premarket trading after the company reported better-than-expected results in the second quarter and outlook for the third.

Shares traded 34% higher ahead of the morning bell at $17.43.

The consumer tech platform had second-quarter revenue of $180.5 million, a decline of 25%, but ahead of analyst expectations for $178.2 million, and at the high end of its own target for $168.8 million to $180.9 million.

Net income fell to $12.9 million, or 24 cents a share, from $49.3 million, or 79 cents a share, a year earlier. On an adjusted basis, earnings of 20 cents a share beat expectations of 14 cents a share, and its own guidance of between 11 cents and 13 cents a share.

"So far in the third quarter, we are seeing an improved year-over-year net revenue trend, driven by growth at SpoiledChild and METHODIQ and a moderating impact from the IL MAKIAGE account dislocation," said Chief Financial Officer Lindsay Drucker Mann.

Looking ahead to the third quarter, the company expects its revenue decline to moderate. ODDITY expects a 5% decline from prior-year revenue of $147.9 million. Analysts expected a greater decline to $121.8 million, which would represent about a 18% drop.

"As a result, we now expect third quarter net revenue to decline approximately 5% year-over-year, a meaningful sequential improvement from the first half," Drucker Mann said.