ODDITY Tech Reports Q2 Revenue Decline but Forecasts Sequential Growth

Key Facts

1ODDITY Tech reported Q2 net revenue of $181 million, a decrease of approximately 25% year-over-year.

2Adjusted EBITDA reached $13 million with a strong liquidity position of $561 million in cash and investments.

Amid a period of recalibration for consumer technology growth, ODDITY Tech released its Q2 2026 financial results, revealing a mix of year-over-year declines and forward-looking recovery signals. According to reports, the company generated net revenue of $181 million, marking an approximate 25% decrease compared to the previous year. Despite the drop, management is projecting a sequential improvement in revenue for the upcoming third quarter.

Regarding profitability and financial health, adjusted EBITDA reached $13 million, bolstered by a robust liquidity position of $561 million in cash and investments. The company also engaged in strategic capital allocation, repurchasing and retiring $50 million in exchangeable notes for $35 million in June 2026. Furthermore, ODDITY repurchased approximately 5.6 million Class A ordinary shares during the second quarter for roughly $80 million under its authorized buyback plan.

Looking ahead, market participants are focused on the company's ability to deliver on its sequential growth guidance, though specific price levels for ODD are currently unavailable. In the broader economic context, recent data showed the Bank of Canada holding interest rates steady at 2.25% in early September, while investors continue to monitor upcoming consumer sentiment and employment data for potential impacts on the tech-driven consumer sector.