Oddity Tech boosts forecasts after record Q3 growth and new platform launch
Oddity Tech has raised its full-year sales and profit forecasts after reporting strong third-quarter results. The company, led by CEO Chris Hogg, also launched a news platform called Methodiq. Investors responded positively, pushing the share price higher following the announcement.
The company’s net revenue climbed 24% year over year, reaching $148 million. Online sales for its key brands—Il Makiage makeup and SpoiledChild skincare—grew by double digits, driving much of the increase.
The updated guidance reflects Oddity’s strong financial performance and optimism for the rest of the year. With rising profits, higher margins, and a new news today platform, the company has positioned itself for further expansion. Share prices have already reacted to the positive election results.
