Royalty Pharma sees FY24 revenue $2.8B, consensus $2.65B

Based on preliminary unaudited fourth quarter 2024 results, Royalty Pharma (RPRX) now expects to deliver Portfolio Receipts for full year 2024 of approximately $2,800 million, which is at the upper end of its previous guidance range of $2,750 million to $2,800 million. This represents anticipated underlying growth of approximately 13% year-over-year in Royalty Receipts, our recurring cash inflows, and reflects the strong performance of Royalty Pharma’s diversified royalty portfolio. “Royalty Pharma delivered another year of strong performance in 2024,” said Pablo Legorreta. “We expect to achieve Portfolio Receipts of approximately $2.8 billion, based on continued double-digit growth in Royalty Receipts. We deployed approximately $2.8 billion of capital in royalty transactions, including another record year for synthetic royalty deals. We strengthened our development-stage pipeline, which now has the potential to add over $1 billion in new royalties from innovative therapies across a diverse range of therapeutic categories.”