Galapagos NV (GLPG) experienced a significant decline in its Q4 2024 earnings, with the company reporting an adjusted loss of 77 cents per share for the quarter ended September 30, 20241. This was a notable decrease from the same quarter the previous year, when the company reported earnings per share (EPS) of 39 cents2. The Q4 2024 EPS also fell short of the expectations of two analysts who had forecasted a loss of 49 cents per share1. Additionally, the revenue reported for the quarter was €59.85 million, which marked a 50.1% decrease from the previous year's revenue of €69.44 million12. This decline in revenue was largely due to reduced sales of the company's key product, Jyseleca, which was affected by the transition to a new distribution model in the Netherlands3. Overall, Galapagos' Q4 2024 earnings fell below market expectations, with a notable miss in EPS and a significant decline in revenue.