Oddity Tech Ltd

Oddity Tech Ltd. has issued a notice for its Annual General Meeting of Shareholders (AGM) to be held on July 29, 2026. Shareholders of record as of June 22, 2026, are eligible to vote. The agenda includes the re-appointment of auditors, re-election of directors Oran Holtzman and Ohad Chereshniya, and approval of employment terms for Lihi Holtzman. The Board of Directors recommends a 'FOR' vote on all proposals. Shareholders are encouraged to vote by proxy or in person.

Oddity Tech Ltd.'s indirect wholly-owned subsidiary, Oddity Finance LLC, entered into privately negotiated agreements to repurchase $50 million in aggregate principal amount of its 0% Exchangeable Senior Notes due 2030. The repurchase is expected to close on June 17, 2026, for an aggregate purchase price of $35 million. Following the closing, $550 million in principal amount of the Existing Notes will remain outstanding.

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.