ODDITY Tech Reports First Quarter 2026 Results, Makes Progress Toward Normalization

<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <ul> <li><strong>First quarter net revenue of $197.9 million, down approximately 26% year-over-year</strong></li> <li><strong>First quarter adjusted EBITDA of $(7.0) million</strong></li> <li><strong>First quarter net loss of $(21.4) million and first quarter adjusted net loss of $(9.8) million</strong></li> <li><strong>Strong </strong><strong>liquidity position </strong><strong>including cash, cash equivalents and investments of $667</strong><strong>.4</strong><strong> million, and aggregate credit facilities of $350 million which remain undrawn </strong></li> </ul> <p>NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ODD" rel="nofollow">ODD</a>) today announced its financial results for the first quarter ended March 31, 2026.</p> <p>"We continue to implement our recovery plan to address the account dislocation with our largest advertising partner and we remain hopeful that we are on track for normalization in the second half of this year," said Oran Holtzman, ODDITY co-founder and CEO. "For many years, our CPA was very stable, with only gradual increases aligned with our industry. In Q1 2026, we saw a severe step-function discontinuity, comparing to historical first quarters, with CPA in some cases reaching levels 2x higher than what we expected. While we continue to navigate this dislocation, we have been working closely with our advertising partner on remediation and we are encouraged by an improvement in IL MAKIAGE CPA this May, wh