Record-Breaking Revenue and Growth
Total revenue for the quarter was $326 million, representing a 41% increase over the second quarter of the prior year. Royalty revenue grew by 65% year-over-year to $206 million. Adjusted EBITDA increased by 65% over the prior year second quarter to $226 million.
Increased Financial Guidance
Halozyme raised its 2025 financial guidance for the second time this year, projecting total revenue of $1.275 billion to $1.355 billion, representing 26% to 33% growth over 2024. Full year royalty revenue guidance increased to $825 million to $860 million, representing growth of 44% to 51%.
Successful Share Repurchase Program
Completed the second $250 million share repurchase tranche of the authorized $750 million share repurchase plan and initiated the third $250 million share repurchase program under the approved $750 million plan.
Strong Performance in Key Products
DARZALEX revenue increased almost 22% to $3.5 billion in the quarter. Phesgo revenue grew by 55% year-over-year. VYVGART Hytrulo sales increased by 97% year-over-year.
Pipeline and New Growth Catalysts
14 catalysts have occurred or are expected throughout the year, with 11 already realized. New product approvals and indication expansions are driving significant revenue growth potential.