Oddity Tech Q2 Revenue Falls 25%, Guides Q3 Decline of Only 5% as IL MAKIAGE Recovers
ODD sits 74% above its 52-week low of $9.25.
Summary
Oddity Tech reported Q2 revenue down 25% year-over-year to $181 million, but guided Q3 revenue to decline only 5%, signaling the IL MAKIAGE advertising dislocation is moderating. Adjusted EBITDA beat guidance, and the company continued aggressive buybacks.
Key Events · Earnings and Guidance · ODD
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Q2 Revenue Down 25%
Net revenue of $181 million vs $241 million in Q2 2025, driven by the IL MAKIAGE advertising algorithm dislocation. Gross margin fell to 68.7% from 72.3%.
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Adjusted EBITDA Beat Guidance
Q2 adjusted EBITDA of $13 million exceeded the high end of guidance of $10 million. Net income was $13 million vs $49 million a year ago.
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Q3 Guidance Shows Improvement
Company expects Q3 net revenue to decline only 5% year-over-year, a meaningful sequential improvement from the 25% Q2 decline, with adjusted EBITDA between $18M and $20M.
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Full-Year Revenue to Decline 19%
Full-year 2026 guidance calls for net revenue to decline approximately 19% year-over-year, with adjusted EBITDA between $30M and $32M.
Analysis · ODD · Industrial Applications And Services
Oddity Tech reported Q2 net revenue of $181 million, down 25% year-over-year, driven by the IL MAKIAGE advertising algorithm dislocation. Adjusted EBITDA of $13 million beat the high end of guidance by $3 million. The company guided Q3 revenue to decline only 5% year-over-year, a meaningful sequential improvement, and full-year revenue to decline 19%. The company also repurchased $80 million of shares in Q2 and retired $50 million of exchangeable notes at a $15 million discount, while maintaining $561 million in cash and investments.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.8% of the 1706 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ODD was trading at $16.11 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $600.8M. The 52-week trading range was $9.25 to $64.23. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.