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3mo ago

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.