ODDITY Tech Revises FY24 EPS Outlook From $1.49-$1.54 To $1.57-$1.62 Vs $1.51 Est.; Revenue From $620M-$630M To $626M-$635M Vs $627.08M Est.
Author: Benzinga Newsdesk | May 07, 2024 05:07pm
ODDITY expects to deliver 2024 financials ahead of its long-term growth algorithm of 20%-plus revenue growth and 20%-plus adjusted EBITDA margin. ODDITY's 2024 outlook incorporates accelerated investments in future growth initiatives, which are expected to have a disproportionate negative impact on adjusted EBITDA margin in the second half of 2024.
ODDITY is revising its guidance for the full year ending December 31, 2024:
Net revenue between $626 million and $635 million, representing year-over-year growth between 23% and 25%.
Gross margins of approximately 71.0%.
Adjusted EBITDA between $139 million and $143 million.
Adjusted diluted EPS between $1.57 and $1.62. This assumes a tax rate of approximately 25.0% and average fully diluted shares of approximately 64.0 million.
