NASDAQ$BNTX

BioNTech SE-ADR · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

BioNTech reported a decline in Q4 2024 revenue due to lower COVID-19 vaccine demand, but maintained a strong financial position with significant oncology pipeline advancements.

BioNTech's Q4 2024 revenue declined to €1.19 billion from €1.48 billion in Q4 2023, primarily due to reduced COVID-19 vaccine demand. Net profit also decreased to €259.5 million from €457.9 million in the prior year quarter. The company continues to advance its oncology pipeline, with multiple Phase 3 trials initiated. Cash and cash equivalents, including investments, remained strong at €17.4 billion.

  • Q4 2024 revenue decreased 19.5% year-over-year to €1.19 billion.
  • Net profit declined to €259.5 million from €457.9 million in Q4 2023.
  • R&D expenses increased due to ongoing oncology pipeline investments.
  • Cash and cash equivalents stood at €9.76 billion, ensuring strong liquidity.

Headline financials

Total Revenue

$1.24B

Previous: $1.59B-22.3%
EPS (adj)

$1.12

Previous: $2.04-45.2%
Capital Expenditures

-$100M

Previous: $292M-134.4%
Free Cash Flow

-$602M

No prior period
Net Income

$270M

Previous: $492M-45.3%
Operating Income

$154M

Previous: $641M-75.9%
Gross Profit

$983M

Previous: $1.4B-29.7%
R&D Expense

$653M

Previous: $621M+5.0%

Revenue & EPS history

BioNTech SE · Revenue · Quarterly

$1.24B

Q4 2024-22.3%vs Q4 2023
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

BioNTech expects 2025 revenue between €1.7 billion and €2.2 billion, driven by continued COVID-19 vaccine demand, pandemic preparedness contracts, and oncology developments.

Tailwinds

  • Expected 2025 revenue between €1.7 billion and €2.2 billion.
  • Continued investment in oncology with multiple Phase 3 trials initiated.
  • Strong liquidity position with €17.4 billion in cash and securities.
  • Strategic acquisitions to enhance R&D capabilities.
  • Expansion of mRNA vaccine pipeline beyond COVID-19.

Headwinds

  • COVID-19 vaccine demand remains uncertain.
  • Ongoing legal disputes may impact financial performance.
  • Significant increase in R&D expenses may weigh on profitability.
  • Potential negative revenue impact from Pfizer’s inventory write-downs.
  • Company does not expect to report a positive net income in 2025.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.4%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+5.7%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+13.8%

Q4 2020

Best reaction

-14.6%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025-3.7%-5.3%-9.9%
Q2 2025+2.5%+4.0%-6.4%
Q4 2024-3.2%-8.6%-13.5%
Q3 2024-0.5%-0.8%+2.9%
Q1 2024-2.0%-1.1%+10.5%
Q4 2023-2.3%-1.2%-7.8%
Q3 2023+6.9%+3.9%+5.8%
Q2 2023-4.4%+0.4%+12.8%
Q1 2023-3.5%-2.9%+0.9%
Q4 2022-4.1%-2.8%-13.7%
Q3 2022+4.3%+0.1%+5.4%
Q2 2022-14.1%-12.4%-21.3%
Q4 2021-1.1%+16.6%+18.8%
Q1 2022+6.1%+16.6%+18.8%
Q3 2021-3.0%-1.8%+17.2%
Q2 2021+7.1%-3.0%-13.6%
Q1 2021+7.8%+4.9%+31.5%
Q4 2020+13.8%+10.8%+38.9%
Q3 2020+4.4%+1.1%+23.6%
Q2 2020-6.5%-7.2%-17.2%
Q1 2020-3.0%-1.0%-2.8%
Q4 2019-14.6%-14.9%-23.4%
Q3 2019+3.7%+9.6%+74.9%
Q2 2019
Q1 2019
Q4 2018
Q3 2018

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