Anheuser-Busch InBev (NYSE:BUD) reported mixed fourth quarter results on Thursday, with earnings topping analyst expectations but revenue coming in slightly below the consensus estimate amid ongoing volume declines. For the fourth quarter, the world's largest brewer posted underlying earnings of $0.95 per share, up 7.5% from a year earlier and above the $0.92 per share consensus estimate.
The headline numbers for Anheuser-Busch Inbev (BUD) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The world's largest brewer said it is confident of continued earnings growth after beer sales volumes fell 1.5%, less than expected.
Beyond analysts' top-and-bottom-line estimates for Anheuser-Busch Inbev (BUD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2025.
BUD heads into Q4 earnings with expectations for revenue and EPS growth, but volume pressures, costs and macro headwinds could test investor optimism.
Powered by premium brands, pricing discipline and digital platforms, BUD is driving solid revenue growth across key global markets.
BUD and SAM highlight contrasting growth paths as premiumization, digital scale and category headwinds shape brewer fundamentals.
BUD's premium push and digital platforms like BEES are lifting margins and sales, with B2B channels driving about 70% of third-quarter 2025 revenues.
Anheuser-Busch InBev remains cautiously bullish, rebounding 42.75% over 12 months and maintaining undervaluation relative to beverage peers. BUD's premiumization, brand strength, and cost discipline drive profitability, with organic EBITDA growth guidance of 4–8% for FY2025. Despite flat revenue growth and high debt, BUD generates robust free cash flow ($10.16B TTM) and steadily reduces leverage.
Anheuser-Busch InBev , will invest $30 million in its U.S. brewery as part of its strategy to create and sustain manufacturing jobs in the country, the world's top brewer said on Tuesday.
The beer giant agreed to repurchase a minority stake in its U.S.-based metal container plants, taking back its share of the facilities that boost supply security.
BUD's Latin America strength offsets U.S. beer softness, delivering EBITDA growth and margin gains despite volume pressure.