Oddity Tech, the parent company of Il Makiage and Spoiled Child, announced Tuesday that the business had raised its full year outlook after posting first quarter revenue earnings of $268 million, a 27 percent year-over-year increase.
The company âexceeded expectations across all metrics,â said Oran Holtzman, Oddity co-founder and CEO, and posted an adjusted EBITDA of $52 million. Both brands under the companyâs umbrella posted double-digit revenue growth. A feat made possible by accelerated international expansion and the growth of Oddity Labs, the companyâs biotechnology arm.
Oddity now expects full year revenue to land between $790 million and $798 million, with an adjusted EBITDA of between $157 million and $161 million. The outlook incorporates the tariff-related headwinds, which the company expects to be âmanageable.â The majority of Oddityâs products are made in Israel.
Oddity plans to soft launch a new brand by the third quarter with a formal launch slated for the fourth quarter.
Learn more:
Il Makiage Owner Reports Double-Digit Revenue Growth
Oddity, the parent company of beauty labels SpoiledChild and Il Makiage, reported a revenue surge of 27 percent in its 2024 earnings, alongside plans to invest in its biotech division and develop two new brands.