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BBIO — BridgeBio Pharma News Story

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BridgeBio Pharma's Q2 revenue beats on higher Attruby sales

BridgeBio Pharma's Q2 revenue beats on higher Attruby sales


Overview

  • US biopharma firm's Q2 revenue more than doubled yr/yr, beating analyst expectations

  • Company posted a narrower net loss per share compared to Q2 last yr

  • BridgeBio closed $1 bln preferred equity financing after quarter-end


Result Drivers

  • ATTRUBY SALES - Revenue growth was mainly driven by higher U.S. sales of Attruby, led by increased use in treatment-naïve patients

  • ROYALTY REVENUE - Higher royalty revenue, mainly from BEYONTTRA sales in the EU and Japan, contributed to revenue growth

  • OPERATING EXPENSES - Operating costs rose due to continued investment in commercialization of Attruby and pre-commercial activities for late-stage pipeline products


Company press release: ID:nGNX1ZSxmV


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$243.68 mln

$218.74 mln (17 Analysts)

Q2 Loss Per Share

$0.78

Q2 Net Loss

$155.89 mln

Q2 Operating Income

-$107.08 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for BridgeBio Pharma, Inc. is $101.50, about 20.1% above its August 7 closing price of $84.48


Reuters Recommended Reads

  • Aug 10 - Axsome Therapeutics Q2 revenue rises on AUVELITY growth

  • Aug 10 - Cogent Biosciences Q2 net loss widens on higher expenses

  • Aug 10 - Heron Therapeutics Q2 revenue rises on acute care growth, withdraws 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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