11.08.23
Oddity, the parent company of Il Makiage and SpoiledChild, reported net revenue of $94 million in the third quarter ended Sept. 30, 2023 compared to $69 million in the prior-year.
Net income was $3.8 million for the Happi Top Company, up from $2.8 million.
“Our third quarter is our best third quarter ever, exceeding our guidance,” said Oran Holtzman, Oddity cofounder and CEO. “Our large investments in technology and data capabilities over the past five years are enabling us to continue to grow fast without damaging our high margins and strong profitability.”
For 2023 as a whole, the company anticipates net revenue between $493 million and $497 million, above its prior expectation for $475 to $480 million.
SpoiledChild is on track to hit $100 million and is already profitable, company officials said.