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Oddity Tech Raises Full-Year Growth Outlook

The strong results were attributed to profitable growth for both Il Makiage and SpoiledChild across regions and product categories.

Il Makiage — Il Makiage (Getty Images)

By

Liz Flora

07 November 2023

The parent company of makeup brand Il Makiage and Gen-Z skin care brand SpoiledChild reported $94 million in net revenue in the third quarter ending Sept. 30. Adjusted EBITDA for the quarter was $21 million, up 227 percent year-over-year.

The strong results were attributed to profitable growth for both Il Makiage and SpoiledChild across regions and product categories, with stronger repeat sales than its earlier outlook predicted.

Oddity Tech has increased its net revenue expectation for the year to a range of $493 million and $497 million, up from its previous estimation of $475 and $480 million.

Oddity’s stock rose 9 percent in after-hours trading.

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Oddity Expects Third Quarter Results to Surpass Guidance

The parent of Il Makiage and Spoiled Child expects to deliver net revenue growth of $89 million.

About the author

Liz Flora

Liz Flora is a Beauty Correspondent at Business of Fashion. She is based in Los Angeles and covers beauty and wellness.

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