AB InBev Reports Strong Profit Growth Amidst Revenue Dip
Anheuser-Busch InBev (NYSE: BUD), the world’s largest brewer, announced a 16.8% surge in net attributable profits to $6.837 billion for the full year 2025, despite a slight 0.7% decrease in total revenues to $59.32 billion compared to the previous year . This performance highlights the company’s ability to maintain profitability in a dynamic consumer environment and amidst evolving beverage consumption patterns.
Q4 Performance and Revenue Details
In the fourth quarter of 2025, AB InBev’s revenue reached $15.555 billion, a 4.8% increase year-over-year . Quarterly net profits saw a substantial rise, increasing by 60.6% to $1.959 billion . Yet, full-year reported revenue decreased 0.8% to $59.32 billion .
Strategic Focus and Market Dynamics
Despite the overall revenue decline, AB InBev achieved organic revenue growth of 2% for the year, driven by a 4.4% rise in revenue per hectoliter . The company attributes its success to a focus on its leading brands, strategic investments in marketing and distribution, and disciplined capital allocation .
Total volumes declined 2.3% for the year, with beer volumes down 2.6% and non-beer volumes down 0.4% . The company noted continued pressure on beer consumption, partially offset by pricing and premiumization strategies .
Looking Ahead to 2026
CEO Michel Doukeris emphasized the company’s positive momentum heading into 2026, citing major global sporting events as potential catalysts for demand . AB InBev is well-positioned to connect with consumers through its established brands and diverse platforms . The company’s stock is currently trading at $78.21 as of February 19, 2026 .
Key Financial Highlights
- 2025 Total Revenue: $59.32 billion
- 2025 Net Attributable Profits: $6.837 billion
- Q4 2025 Revenue: $15.555 billion
- Q4 2025 Net Profits: $1.959 billion