11th Consecutive Quarter of Growth
Revenue increased by 3% to $4.5 billion, adjusted EBITDA grew 6%, and non-GAAP EPS rose 14% compared to Q3 2024.
Strong Performance of Innovative Products
Innovative products reached over $800 million for the quarter, growing 33% year-on-year. AUSTEDO grew 38%, UZEDY was up 24%, and AJOVY increased by 19%.
AUSTEDO's Impressive Growth and Future Outlook
AUSTEDO grew 38% year-over-year to $618 million, with future revenue targets confirmed at $2.5 billion for 2027 and peak sales over $3 billion.
Successful Debt Reduction
Net debt to EBITDA is now below 3x for the first time since 2016, with a target of 2x by 2027.
Improvement in Non-GAAP Gross Margin
Non-GAAP gross margin increased by 120 basis points year-over-year to 55.3%.