3 Reasons to Keep an Eye on the Cosmetics Company Oddity Right Now!
Oddity achieved a record revenue in Q4 and expects Q1 revenue to be $260 million, which represents more than a doubling compared to Q4.
With the brands IL MAKIAGE and SpoiledChild alone, a market worth $600 billion can be served.
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Oddity achieved a record revenue in Q4, with sales increasing by 27% year-over-year. The EPS, which rose by 33%, was above expectations, just like the revenue. In Q1, revenue is expected to be between $258 million and $262 million, representing more than a doubling compared to Q4. The growth was driven by double-digit gains in the brands IL MAKIAGE and SpoiledChild. Since these two brands alone can serve a market worth $600 billion, the growth is likely to accelerate further. Oddity continues to invest in AI-driven algorithms and vision technologies...
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