Oddity Tech Q2 2026 Results Overview
Oddity Tech Ltd (NASDAQ:ODD) announced its second‑quarter 2026 financial results, which beat analyst expectations and triggered a pre‑market share surge of 23.99% (approximately 24%). The company posted adjusted earnings per share of $0.20, surpassing the consensus estimate of $0.19. Revenue for the quarter was $181 million, exceeding the $176.48 million forecast, yet representing a 25% year‑on‑year decline from $241 million in the comparable period of the prior year, a drop attributed to ongoing advertising algorithm issues at its IL MAKIAGE brand.
CEO and co‑founder Oran Holtzman highlighted strong performance from the SpoiledChild and METHODIQ brands and expressed optimism that IL MAKIAGE will normalize as the firm works closely with its largest advertising partner to resolve the technical challenges.
Adjusted EBITDA for Q2 amounted to $13 million, down sharply from $70 million a year earlier. Net income was $13 million versus $49 million in the prior year, and gross margin contracted to 68.7% from 72.3% year‑on‑year.
The company retained a robust liquidity position, reporting $561 million in cash, cash equivalents and investments. During the quarter, Oddity repurchased approximately 5.6 million Class A ordinary shares for $80 million and retired $50 million of exchangeable notes.
Looking ahead, Oddity projects third‑quarter revenue to decline roughly 5% year‑on‑year, indicating sequential improvement, and guides adjusted EBITDA to a range of $18 million to $20 million, with a midpoint of $19 million. For the full fiscal year 2026, the firm expects revenue to fall about 19% year‑on‑year and adjusted EBITDA to lie between $30 million and $31 million.