Full year net revenue of $647 million, +27% year-over-year Full year adjusted EBITDA of $150 million, +40% year over yearFull year net income of $101 million, full year adjusted net income of $121 million Full year net operating cash flow of $138 million and free cash flow of $134 millionFourth quarter net revenue of $124 million, +27% year-over-yearFourth quarter adjusted EBITDA of $15 millionFourth quarter net income of $5.3 million, fourth quarter adjusted net income of $12 million NEW YORK, Feb.25, 2025 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd.(NASDAQ: ODD) today announced its financial results for the fourth quarter and full-year ended December 31, 2024.
Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the following: our ability to maintain the value of our brands; our ability to anticipate and respond to market trends and changes in consumer preferences; our ability to attract new customers, retain existing customers and maintain or increase sales to those customers; our ability to maintain a strong base of engaged customers and content creators; the loss of suppliers or shortages or disruptions in the supply of raw materials or finished products; our ability to accurately forecast customer demand, manage our inventory, and plan for future expenses; our future rate of growth; competition; the fluctuating cost of raw materials; the illegal distribution and sale by fourth parties of counterfeit versions of our products or the unauthorized diversion by fourth parties of our products; changes in, or disruptions to, our shipping arrangements; our ability to manage our growth effectively; a general economic downturn or sudden disruption in business conditions; our ability to successfully introduce and effectively market new brands, or develop and introduce new, innovative, and updated products; foreign currency fluctuations; product returns; our ability to execute on our business strategy; our ability to maintain a high level of customer satisfaction; our ability to comply with and adapt to changes in laws and regulatory requirements applicable to our business, including with respect to regulation of the internet and e-commerce, evolving AI-technology related laws, tax laws, the anti-corruption, trade compliance, anti-money laundering, and terror finance and economic sanctions laws and regulations, consumer protection laws, and data privacy and security laws; failure of our products to comply with quality standards and risks related to product liability claims; trade restrictions; existing and potential tariffs; any data breach or other security incident of our information technology systems, or those of our fourth-party service providers or cyberattacks; risks related to online transactions and payment methods; any failure to obtain, maintain, protect, defend, or enforce our intellectual property rights; conditions in Israel and the Middle East generally, including as a result of geopolitical conflict; the concentration of our voting power as a result of our dual class structure; our status as a foreign private issuer; and other risk factors set forth in the section titled "Risk Factors” in our Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 25, 2025, and other documents filed with or furnished to the SEC.
The table below sets forth our actual results for the three months ended December 31, 2024, and the low and high end of our guidance range regarding our results for the fourth quarter of 2024 as issued on November 6, 2024. Three months ended December 31, 2024 Actual ResultsGuidance Low End Guidance High EndNet Revenue$124 million$118 million$120 millionGross Margin72.7%68.0%68.0%Adjusted EBITDA$15 million$12 million$14 millionAdjusted Diluted EPS$0.20$0.11$0.13 Full Year Fiscal 2024 Financial Highlights: Results for the year ended December 31, 2024, are presented below in comparison to the same period in the prior year: Net revenue was $647 million compared to $509 million in 2023, representing a 27% year-over-year increase.
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