Pomerantz files securities class action against Oddity Tech Ltd. over alleged misleading statements

Reuters03-18

Pomerantz files securities class action against Oddity Tech Ltd. over alleged misleading statements

A securities class action has been filed against Oddity and certain officers in the U.S. District Court for the Southern District of New York under docket 26-cv-02046. The suit covers investors who purchased or acquired Oddity securities between Feb. 26, 2025 and Feb. 24, 2026. The complaint alleges the company misled investors about the impact of an algorithm change by its largest advertising partner that diverted ads to lower-quality auctions at higher costs, increasing customer acquisition costs. Oddity disclosed the issue in connection with its results for the fourth quarter and full year ended Dec. 31, 2025, and said it expected first-quarter 2026 revenue to decline about 30% year over year. Oddity shares fell $14.28, or 49.21%, to $14.74 on Feb. 25, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oddity Tech Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603171545PRIMZONEFULLFEED9673809) on March 17, 2026, and is solely responsible for the information contained therein.

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The suit covers investors who purchased or acquired Oddity securities between Feb. 26, 2025 and Feb. 24, 2026. The complaint alleges the company misled investors about the impact of an algorithm change by its largest advertising partner that diverted ads to lower-quality auctions at higher costs, increasing customer acquisition costs. Oddity disclosed the issue in connection with its results for the fourth quarter and full year ended Dec. 31, 2025, and said it expected first-quarter 2026 revenue to decline about 30% year over year. Oddity shares fell $14.28, or 49.21%, to $14.74 on Feb. 25, 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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