Oddity Tech Shares Jump 23.8% on EBITDA Beat

[Oddity Tech Shares Jump 23.8% on EBITDA Beat]

Oddity Tech, a beauty and wellness technology company, saw its shares rise 23.8% in pre‑open trading on 9 September 2026 after releasing its second‑quarter 2026 results. The quarter delivered adjusted EBITDA of $13 million, surpassing the company’s own guidance range of $8 million to $10 million.

The firm also issued an improved outlook for the third quarter of 2026, expecting revenue to decline only about 5% year‑over‑year, a marked improvement from the roughly 25% decline recorded in the second quarter. Adjusted EBITDA for Q3 is now guided at $18 million to $20 million.

Capital return activity was a key driver of the rally: Oddity repurchased $80 million of its own shares during Q2 and $163 million year‑to‑date, reducing total ordinary shares outstanding by approximately 20%. In addition, the company retired $50 million of principal on its 2030 exchangeable notes.

At quarter‑end, Oddity held $561 million in cash, cash equivalents and investments, and retained $350 million of undrawn credit facilities, highlighting balance‑sheet resilience despite ongoing revenue pressure.

CEO Oran Holtzman noted that the subsidiary SpoiledChild is on track to grow at least 35% in 2026 and approach $350 million in net revenue, while the new brand METHODIQ is performing ahead of SpoiledChild’s first‑year expectations.

The stock had been under significant pressure earlier in 2026 after a sudden spike in customer acquisition costs, caused by an advertising algorithm disruption at IL MAKIAGE, pushed the share price from a 52‑week high of $64.23 down to a 52‑week low of $9.25. The combination of a profitability beat, a dramatically improved near‑term revenue outlook, a massive buyback programme, and early signs of advertising cost normalization prompted investors to reassess the pace and credibility of the company’s recovery, resulting in the strong rally.