Overview

• AB InBev posted a 1.9% year-on-year decline in global beverage volumes in Q2 2025, driven by significant drops in China and Brazil.
• North American volumes edged up 0.3%, marking a slight rebound after a first-quarter decline.
• Organic revenue climbed 3% to $15 billion while operating profit rose 6.5%, both exceeding analyst forecasts.
• Shares plummeted as much as 11.5%, representing the biggest daily drop for the brewer since 2020.
• The beer division saw volumes slide by 2.2% while the non-beer segment grew 0.3% as the company seeks to diversify its portfolio.