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AB InBev beat earnings forecasts in Q4 2025 with slower beer volume decline and strong EBITDA growth, citing zero-alcohol sales and global events.
Anheuser-Busch InBev reported stronger-than-expected fourth-quarter 2025 results, with beer volumes declining only 1.5%—better than the 2.7% drop analysts forecasted.
Revenue rose 2.5% in the quarter, reaching $59.32 billion for the year, while adjusted EBITDA grew nearly 5% to $21.22 billion.
The company credited growth in zero-alcohol beers like Corona Cero and upcoming global sporting events for improved momentum.
Despite ongoing volume declines, AB InBev maintained its 4%-8% annual EBITDA growth target and expressed long-term confidence in beer’s social role, outpacing European peers in outlook.
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AB InBev superó las previsiones de ganancias en el cuarto trimestre de 2025 con una disminución más lenta del volumen de cerveza y un fuerte crecimiento del EBITDA, citando ventas sin alcohol y eventos globales.