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AB InBev Reports Record Revenue Growth Despite Decline in Beer Volumes

The world's largest brewer saw strong sales of premium brands offsetting weaker demand in key markets like China and Argentina.

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A booth of Bohemia beer produced by Brazil-based Ambev, is mounted in front of the stadium of the Mane Garrincha National Stadium in Brasilia, Brazil June 9, 2021. REUTERS/Ueslei Marcelino/File Photo
Matt Damon and David Beckham advertising Stella Artois
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Overview

  • AB InBev's revenue for 2024 reached $59.8 billion, a 2.7% increase compared to the previous year, exceeding analyst expectations.
  • Fourth-quarter revenue rose by 3.4% to $14.8 billion, driven by strong sales of premium brands such as Corona and Michelob Ultra.
  • Total volumes declined by 1.4% for the year, with beer volumes down 1.9%, attributed to weak demand in China and Argentina due to economic challenges.
  • The company's operating earnings grew by 8.2% for the year, with a notable 10.1% increase in the final quarter.
  • AB InBev forecasts organic operating profit growth of 4% to 8% in 2025, citing confidence in global beer demand and long-term growth opportunities.