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Moderna sees sales boost as Covid-19 shots beat expectations

Gerry Smith / Bloomberg
Gerry Smith / Bloomberg • 2 min read
Moderna sees sales boost as Covid-19 shots beat expectations
The results are a sign that Moderna’s business could be starting to stabilise
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(Jan 12): Moderna Inc said its US Covid-19 business did better than expected last year, a rare bright spot for the vaccine maker, which has struggled with the decline of people getting its shot.

The number of people in the US getting Covid-19 shots fell 26% in 2025, according to chief financial officer Jamey Mock. The company had predicted this would drop between 20% and 40%. As a result, Moderna generated 2025 revenue of about US$1.9 billion, up US$100 million from the midpoint of its previous guidance and in line with analysts’ expectations.

“The US performed well,” Mock said in an interview.

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