ODDITY Tech Reports First Quarter 2026 Results, Makes Progress Toward Normalization
ODDITY Tech reported Q1 2026 revenue of $197.9 million, a 26% year-over-year decline, missing the prior year's profitability but beating its own guidance which anticipated a ~30% drop. The results were driven by a severe 'step-function' spike in customer acquisition costs (CPA) due to a technical dislocation with its largest advertising partner, causing a swing to a net loss of $21.4 million and adjusted EBITDA of $(7.0) million. Management highlighted a positive inflection in May with CPA declining 28% sequentially, and the board authorized a $200 million share buyback, having already repurchased $82.3 million in Q1.
Key figures
- Revenue
- 197940000
- Guidance
- Q2 2026 net revenue to decline 25-30% YoY; Adjusted EBITDA $8-10M; Full year 2026 Adjusted EBITDA expected to be positive.
- Revenue Yoy
- -26%
- Gross margin
- 69.7%
- Buyback spend q1
- 82300000
- Cash and investments
- 667358000
- Buyback authorization
- 200000000
- Shares repurchased q1
- 6100000
- Credit facilities undrawn
- 350000000
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.