India, June 2 -- ODDITY Tech Ltd. (ODD), a consumer-tech company, reported Tuesday a loss in the first quarter of 2026, compared to a profit in the previous year, attributable to higher expenses and lower revenue.
Looking ahead for the second quarter of 2026, ODDITY expects net revenue to decline between 25 and 30 percent year-over-year, and adjusted EBITDA to be between $8 and $10 million.
Further for fiscal 2026, the company expects adjusted EBITDA to be positive.
In pre-market activity on Nasdaq, the shares were trading at $10.66, 23.75 percent lower.
In the first quarter, net loss was $21.36 million, compared to a profit of $37.83 million in the same quarter last year. Loss per share was $0.38, in comparison with the earnings per sh...