)
Edge1 Nov 2024
Unleash the Beast: The Juicy Origins of Monster Beverage
Starting as a family-run juice business in the 1930s, Monster has transformed through bold, innovative branding and marketing into a global energy drink leader.
Anheuser-Busch InBev (ABI) investor relations material
Anheuser-Busch InBev Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
EBITDA grew 3.3% in 3Q25 with margin expansion and low single-digit underlying EPS growth, driven by megabrand momentum, innovation in no-alcohol and Beyond Beer portfolios, and market share gains in key markets despite headwinds in China and unseasonable weather in Brazil.
Revenue increased 0.9% in 3Q25, with revenue per hectoliter up 4.8%, but volumes declined 3.7% due to softness in China and Brazil.
Announced a $6 billion share buyback over 24 months, a $2 billion bond redemption, and an interim dividend of €0.15 per share, reflecting improved capital allocation flexibility and deleveraging progress.
BEES Marketplace GMV grew 66% year-over-year, approaching $1 billion in quarterly GMV.
Continued investments in brands, innovation, and digital initiatives led to strong performance in premium, non-alcohol, and Beyond Beer segments.
Financial highlights
3Q25 revenue was $15,133 million (+0.9% year-over-year), with normalized EBITDA up 3.3% to $5,594 million and margin expanding 85bps to 37.0%.
Underlying EPS increased 1.0% to $0.99 in 3Q25; underlying profit was $1,970 million, nearly flat year-over-year.
Gross margin improved to 56.4% in 3Q25, up 58bps year-over-year.
Net revenue per hectoliter rose 4.8% year-over-year.
Beyond Beer portfolio grew 27% and now represents 2% of total volume, with higher profitability per hectoliter than beer.
Outlook and guidance
Confident in delivering FY25 EBITDA growth of 4–8%, supported by strong mega brands, premiumization, and digital initiatives.
Net finance costs projected at $190–220 million per quarter; average gross debt coupon around 4%.
Normalized effective tax rate expected at 26–28% for FY25; net capital expenditure guidance is $3.5–4.0 billion.
FIFA World Cup in North America in 2026 expected to provide a significant boost to the beer category.
Rationale for $6B buyback and $2B bond redemption?
Plan to address global volume decline drivers?
BEES Marketplace: How does it monetize the ecosystem?
China: Outline strategy to reverse volume decline
BEES Marketplace: Drivers of 66% GMV growth?
Capital allocation: Buyback's role in deleveraging?
China turnaround strategy details?
Capital allocation beyond 2x leverage?
Beyond Beer: key growth drivers & profitability?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Anheuser-Busch InBev earnings date
Q4 202525 Feb, 2026
Next Anheuser-Busch InBev earnings date
Q4 202525 Feb, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
America's Leading Brewer
Anheuser-Busch is a giant of the American beer industry and a significant player in global brewing. Founded in the 1800s in Missouri, the company has grown from humble beginnings into a household name recognized worldwide. The brewing company has contributed to shaping America's beer culture and plays a prominent role in the international beer market as they export their beers worldwide, even if the US continues to be an incredibly important market for the company.
Founded by German Immigrants
The origins of Anheuser-Busch date back to the mid-19th century. German immigrants Eberhard Anheuser and Adolphus Busch set up a small brewing business in St. Louis, Missouri, and in 1876 they introduced the now iconic Budweiser. This beer quickly found favor with the public, and its success was a significant milestone for the company, establishing Anheuser-Busch as a critical player in the brewing sector and paving the way for its expansion.
Over 100 Different Beers
Currently, Anheuser-Busch's operations extend beyond Budweiser, with a diverse range of over 100 beers produced in 12 major breweries across the United States. The product line-up includes mainstream beers like Bud Light and a variety of specialty craft beers such as Goose Island and Blue Point. The brewing process is carefully controlled to maintain the distinctive characteristics of each brand. An essential aspect of Anheuser-Busch's business model is its multifaceted brand structure. The company is the umbrella under which a host of distinct beer brands coexist, each with its unique identity and target audience. These brands range from internationally recognized names such as Stella Artois and Corona to local favorites like Elysian and Wicked Weed. Other key players in the global beer and spirits market include names such as Carlsberg, Diageo, and Heineken.
One of the Biggest Brewers in the World
The brewing giant is an international powerhouse with its products reaching consumers in over 100 countries. The firm's vast distribution network ensures that regardless of whether a consumer wants a bottle of Budweiser in Sweden, a can of Stella Artois in Japan, or a pint of Goose Island in Australia, Anheuser-Busch is there to meet the demand. This global reach underlines the company's strong position in the international beer market and reflects its successful export strategies and the recognition its brands have worldwide.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage