Quarterly ResultJun 2, 2026, 07:16 AM
Oddity Tech Q1 Revenue Down 26% to $197.9M; Net Loss $21.4M
AI Summary
Oddity Tech reported its first quarter 2026 results, with net revenue decreasing 26% year-over-year to $197.9 million and a net loss of $21.4 million. The company cited account dislocation with its largest advertising partner as a primary driver for the performance decline. Despite the challenging quarter, Oddity Tech maintained a strong liquidity position and announced a new $200 million share buyback program, of which $82.3 million was utilized in Q1. The company expects continued revenue decline in Q2 2026 but anticipates sequential improvement in the second half of the year.
Key Highlights
- Oddity Tech Q1 2026 net revenue of $197.9 million, down 26% year-over-year.
- Q1 2026 net loss of $21.4 million, compared to net income of $37.8 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was a loss of $7.0 million, down from $52.4 million in Q1 2025.
- Company repurchased approximately 6.1 million Class A ordinary shares for $82.3 million in Q1 2026.
- Board of Directors approved a new share buyback program authorizing up to $200 million.
- Q1 2026 diluted loss per share was $0.38, compared to diluted earnings per share of $0.63 in Q1 2025.
- Company expects Q2 2026 net revenue to decline between 25% and 30% year-over-year.
- Strong liquidity position with $667.4 million in cash, cash equivalents, and investments.
Price Impact
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