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With second quarter sales up 55% YoY, tech beauty company estimates full year net revenue will rise 46-48%.
August 10, 2023
By: Christine Esposito
Editor-in-Chief
With its IPO complete, Oddity Tech Ltd. is on a roll. For the second quarter ended June 30, 2023, net revenues were $151.3 million compared to $97.7 million in the second quarter of 2022, representing a 55% year-over-year increase. Net revenue exceeded the midpoint of the preliminary estimates by $11.8 million, or 8%, according to the tech-driven beauty company. “We delivered our strongest second quarter and year-to-date financial results ever, beating our plan on revenue and all key profi...
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