Anheuser-Busch InBev posts slight revenue miss for Q4 amid declining beer volumes

Anheuser-Busch InBev (NYSE:BUD) reported mixed 4th fourth results connected Thursday, with net topping expert expectations but gross coming successful somewhat beneath the statement estimation amid ongoing measurement declines.

For the 4th quarter, the world’s largest brewer posted underlying net of $0.95 per share, up 7.5% from a twelvemonth earlier and supra the $0.92 per stock statement estimate.

Revenue roseate 4.8% twelvemonth implicit twelvemonth to $15.56 billion, compared with Wall Street expectations of $15.58 billion, representing a humble miss.

Beer volumes declined 1.9% successful the quarter, contributing to a full measurement diminution of 1.5%, portion non-beer volumes roseate 0.6%.

For the afloat year, Anheuser-Busch InBev reported EPS of $3.73, up 6% from $3.53 successful 2024. Full-year reported gross decreased 0.8% to $59.32 billion, weighed down by unfavorable currency translation, portion integrated gross accrued by 2%, driven by a 4.4% emergence successful gross per hectoliter.

Total volumes declined 2.3% for the year, with brew volumes down 2.6% and non-beer volumes down 0.4%. The company’s results highlighted continued unit connected brew consumption, partially offset by pricing and premiumization strategies.

Management has pointed to large planetary sporting events successful 2026 arsenic a imaginable catalyst for demand, though measurement trends stay a cardinal absorption for investors heading into the caller year.

“In 2025, we executed our strategy, made disciplined superior allocation choices and delivered maturation wrong our outlook for the year, adjacent arsenic we navigated a dynamic user environment,” AB InBev CEO Michel Doukeris said successful a statement. “We exit 2025 with improved momentum and participate 2026 well-positioned to prosecute consumers with our megabrands and an unparalleled lineup of mega platforms.”

Shares of AB InBev traded up 5% post-earnings astatine astir $81 arsenic investors shrugged disconnected the flimsy gross miss.