ODDY Tech reports Q2 net revenue of $181 million

Oddity Tech Ltd (NASDAQ: ODD) reported second quarter 2026 net revenue of $181 million, a decrease of approximately 25% compared to the same period in 2025. The company adjusted EBITDA for the quarter totaled $13 million, and both net income and adjusted net income were $13 million and $11 million, respectively. Total cash, cash equivalents, and investments stand at $561 million, supported by $350 million in undrawn credit facilities. Co-founder and CEO Oran Holtzman noted strong performance for SpoiledChild and METHODIQ. He stated SpoiledChild aims to reach net revenue of $350 million in 2026 with growth exceeding 35% compared to 2025 levels. Holtzman also indicated METHODIQ expects to deliver first-year net revenue ahead of SpoiledChild's initial year. The company confirmed repurchasing $80 million of Class A ordinary shares and retiring $50 million of zero coupon bonds maturing in 2030. Holtzman added that technical issues involving its largest advertising partner for IL MAKIAGE remain unresolved.