ODDITY Tech Posts 25% Revenue Growth to $810M, $163M Adjusted EBITDA
ODDITY Tech Ltd. reported record 2025 net revenue of $810 million, up 25% year-over-year, with full-year adjusted EBITDA of $163 million and free cash flow of $84 million. The company flagged a 30% year-over-year revenue decline forecast for Q1 2026 due to elevated acquisition costs from an advertising partner’s algorithm changes.
1. Record Full Year and Q4 Financial Results
ODDITY Tech Ltd. delivered net revenue of $810 million in 2025, marking a 25% increase year-over-year, and achieved full-year adjusted EBITDA of $163 million. In the fourth quarter, net revenue rose 24% to $153 million, adjusted EBITDA was $13 million, net income was $6 million, and free cash flow totaled $84 million for the year.
2. Advertising Cost Headwind and 2026 Outlook
The company identified an algorithm-driven dislocation with its largest advertising partner, which inflated new user acquisition costs and prompted guidance for approximately 30% year-over-year revenue decline in Q1 2026. Management expects meaningful cost normalization and revenue recovery in Q3 or Q4 2026, with no change to its long-term growth strategy.
3. Strong Balance Sheet and Share Repurchase Program
ODDITY Tech ended 2025 with $776 million in cash, equivalents and marketable securities and secured $350 million in credit facilities in January 2026. The company has $103 million remaining under its $150 million share repurchase authorization, valid through June 30, 2027.