Anheuser-Busch InBev Q4 2025 Earnings Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6h ago
0mins
Should l Buy BUD?
Source: seekingalpha
- Earnings Beat: Anheuser-Busch InBev reported a Q4 2025 non-GAAP EPS of $0.95, exceeding expectations by $0.07, indicating sustained profitability improvements that bolster investor confidence.
- Revenue Growth: The company achieved $15.55 billion in revenue for Q4, a 4.8% year-over-year increase that surpassed market expectations by $90 million, showcasing strong performance and brand strength in a competitive market.
- EBITDA Performance: Normalized EBITDA rose 2.3% to $5.473 billion in Q4 2025, despite a 10bps margin contraction to 35.2%, reflecting the company's efforts in cost management and operational efficiency.
- Future Outlook: The company anticipates EBITDA growth of 4-8% in 2026, with planned capital expenditures ranging from $3.5 to $4.0 billion, indicating a proactive approach to capitalize on market opportunities.
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Analyst Views on BUD
Wall Street analysts forecast BUD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BUD is 75.00 USD with a low forecast of 75.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 75.720
Low
75.00
Averages
75.00
High
75.00
Current: 75.720
Low
75.00
Averages
75.00
High
75.00
About BUD
Anheuser-Busch Inbev SA is a Belgium-based company. The Company is primarily engaged in the manufacturing of beer. The Company operates through six segments: North America, Middle Americas, South America, EMEA, Asia Pacific, Global Export and Holding companies. The Company's brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck's, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler. The Company's soft drinks business consists of both own production and agreements with PepsiCo related to bottling and distribution arrangements between its various subsidiaries and PepsiCo. Ambev, which is a subsidiary of the Company, is a PepsiCo bottler. Brands that are distributed under these agreements are Pepsi, 7UP and Gatorade.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Anheuser-Busch InBev Set to Release Q4 Earnings
- Earnings Announcement Schedule: Anheuser-Busch InBev is set to announce its Q4 2023 earnings on February 12 before market open, with consensus EPS estimated at $0.88 and revenue expected to reach $15.43 billion, reflecting a 4% year-over-year growth.
- Historical Performance Review: Over the past two years, BUD has consistently beaten EPS estimates 100% of the time, while achieving a 50% beat rate on revenue estimates, indicating a strong track record of profitability.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and two downward adjustments, while revenue estimates have faced four downward revisions with no upward changes, suggesting a cautious market outlook for the company.
- Market Environment Analysis: Despite facing challenges, Anheuser-Busch InBev demonstrates strong cash flow and growing profitability, highlighting its competitive position in the global beer market, particularly as it seeks growth opportunities outside of alcohol.
See More
Analysis of Major Premarket Trading Moves by Companies
- Restaurant Brands Performance: Restaurant Brands reported fourth-quarter earnings of $0.96 per share, exceeding expectations by $0.01, with revenue of $2.47 billion surpassing the $2.41 billion consensus, leading to a 1.3% stock increase, indicating strong financial performance and market confidence.
- Anheuser-Busch Growth: Anheuser-Busch's fourth-quarter earnings reached $0.95 per share, beating the $0.90 analyst estimate, with revenue of $15.56 billion exceeding the $14.95 billion consensus, resulting in a 2.6% stock rise, reflecting robust growth in a competitive beer market.
- Cisco Decline: Cisco's non-GAAP gross margin of 67.5% fell short of the 68.1% expectation, despite second-quarter results exceeding estimates, causing a stock drop of about 7%, highlighting market concerns over its profitability.
- Cloud Computing Surge: Fastly's stock surged 44% after reporting adjusted earnings of $0.12 per share and revenue of $172.6 million, both exceeding expectations, with full-year revenue guidance of $700 million to $720 million far surpassing the $668 million market estimate, showcasing strong demand and growth potential.
See More
Anheuser-Busch InBev Reports Q4 Revenue Growth
- Revenue Growth: Anheuser-Busch InBev reported a 2.5% year-over-year revenue increase in Q4, with revenue per hectoliter rising by 4.0%, despite a 1.5% decline in overall volumes, indicating resilience and pricing power in the market.
- Regional Performance Variance: Organic sales fell by 1.5% globally, with declines of 4.0% in South America and 3.5% in North America, while the Middle Americas was the only region to achieve positive growth, reflecting varying consumer trends and demand shifts.
- Market Share Gains: In the U.S. market, Anheuser-Busch's beer performance was robust, with Michelob Ultra becoming the leading brand by volume and achieving significant share gains, while Busch Light ranked as the second-largest volume share gainer, further solidifying the company's market position.
- Strong Financial Performance: Normalized EBITDA increased by 2.3% to $5.47 billion, beating consensus expectations, while underlying EPS rose by 7.5% to $0.95, surpassing the estimate of $0.88, demonstrating ongoing profitability improvements, with free cash flow totaling $11.3 billion enhancing future investment capacity.
See More
Anheuser-Busch Proposes €1.00 Dividend for 2025, Subject to Approval
- Dividend Proposal: Anheuser-Busch's board proposes a €1.00 annual dividend for 2025, pending approval at the shareholder meeting on April 29, 2026, indicating the company's confidence in future cash flows.
- Yield Insight: The forward yield of 1.54% reflects the company's stability and attractiveness in the current market environment, potentially drawing more investor interest.
- Dividend Timeline: The ex-dividend date is set for May 8, 2026, with the record date on the same day and payment scheduled for June 5, 2026, allowing investors to plan their investment strategies accordingly.
- Multi-Market Payments: The dividend will be paid across multiple markets, including Euronext, MEXBOL, JSE, and NYSE (ADR program), showcasing Anheuser-Busch's extensive global reach and commitment to shareholder returns.
See More
Stock Movers: Cisco, AppLovin, Micron, Fastly, Equinix, Rollins, Novocure, and Others
- Stock Market Trends: Stock futures were rising on Thursday as investors reacted to recent economic data.
- Economic Data Impact: The rise in stock futures comes in the wake of a delayed U.S. monthly jobs report and other economic indicators.
See More
Anheuser-Busch InBev Q4 2025 Earnings Highlights
- Earnings Beat: Anheuser-Busch InBev reported a Q4 2025 non-GAAP EPS of $0.95, exceeding expectations by $0.07, indicating sustained profitability improvements that bolster investor confidence.
- Revenue Growth: The company achieved $15.55 billion in revenue for Q4, a 4.8% year-over-year increase that surpassed market expectations by $90 million, showcasing strong performance and brand strength in a competitive market.
- EBITDA Performance: Normalized EBITDA rose 2.3% to $5.473 billion in Q4 2025, despite a 10bps margin contraction to 35.2%, reflecting the company's efforts in cost management and operational efficiency.
- Future Outlook: The company anticipates EBITDA growth of 4-8% in 2026, with planned capital expenditures ranging from $3.5 to $4.0 billion, indicating a proactive approach to capitalize on market opportunities.
See More
Anheuser-Busch InBev Set to Release Q4 Earnings
- Earnings Announcement Schedule: Anheuser-Busch InBev is set to announce its Q4 2023 earnings on February 12 before market open, with consensus EPS estimated at $0.88 and revenue expected to reach $15.43 billion, reflecting a 4% year-over-year growth.
- Historical Performance Review: Over the past two years, BUD has consistently beaten EPS estimates 100% of the time, while achieving a 50% beat rate on revenue estimates, indicating a strong track record of profitability.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and two downward adjustments, while revenue estimates have faced four downward revisions with no upward changes, suggesting a cautious market outlook for the company.
- Market Environment Analysis: Despite facing challenges, Anheuser-Busch InBev demonstrates strong cash flow and growing profitability, highlighting its competitive position in the global beer market, particularly as it seeks growth opportunities outside of alcohol.
See More
Analysis of Major Premarket Trading Moves by Companies
- Restaurant Brands Performance: Restaurant Brands reported fourth-quarter earnings of $0.96 per share, exceeding expectations by $0.01, with revenue of $2.47 billion surpassing the $2.41 billion consensus, leading to a 1.3% stock increase, indicating strong financial performance and market confidence.
- Anheuser-Busch Growth: Anheuser-Busch's fourth-quarter earnings reached $0.95 per share, beating the $0.90 analyst estimate, with revenue of $15.56 billion exceeding the $14.95 billion consensus, resulting in a 2.6% stock rise, reflecting robust growth in a competitive beer market.
- Cisco Decline: Cisco's non-GAAP gross margin of 67.5% fell short of the 68.1% expectation, despite second-quarter results exceeding estimates, causing a stock drop of about 7%, highlighting market concerns over its profitability.
- Cloud Computing Surge: Fastly's stock surged 44% after reporting adjusted earnings of $0.12 per share and revenue of $172.6 million, both exceeding expectations, with full-year revenue guidance of $700 million to $720 million far surpassing the $668 million market estimate, showcasing strong demand and growth potential.
See More
Anheuser-Busch InBev Reports Q4 Revenue Growth
- Revenue Growth: Anheuser-Busch InBev reported a 2.5% year-over-year revenue increase in Q4, with revenue per hectoliter rising by 4.0%, despite a 1.5% decline in overall volumes, indicating resilience and pricing power in the market.
- Regional Performance Variance: Organic sales fell by 1.5% globally, with declines of 4.0% in South America and 3.5% in North America, while the Middle Americas was the only region to achieve positive growth, reflecting varying consumer trends and demand shifts.
- Market Share Gains: In the U.S. market, Anheuser-Busch's beer performance was robust, with Michelob Ultra becoming the leading brand by volume and achieving significant share gains, while Busch Light ranked as the second-largest volume share gainer, further solidifying the company's market position.
- Strong Financial Performance: Normalized EBITDA increased by 2.3% to $5.47 billion, beating consensus expectations, while underlying EPS rose by 7.5% to $0.95, surpassing the estimate of $0.88, demonstrating ongoing profitability improvements, with free cash flow totaling $11.3 billion enhancing future investment capacity.
See More
Anheuser-Busch Proposes €1.00 Dividend for 2025, Subject to Approval
- Dividend Proposal: Anheuser-Busch's board proposes a €1.00 annual dividend for 2025, pending approval at the shareholder meeting on April 29, 2026, indicating the company's confidence in future cash flows.
- Yield Insight: The forward yield of 1.54% reflects the company's stability and attractiveness in the current market environment, potentially drawing more investor interest.
- Dividend Timeline: The ex-dividend date is set for May 8, 2026, with the record date on the same day and payment scheduled for June 5, 2026, allowing investors to plan their investment strategies accordingly.
- Multi-Market Payments: The dividend will be paid across multiple markets, including Euronext, MEXBOL, JSE, and NYSE (ADR program), showcasing Anheuser-Busch's extensive global reach and commitment to shareholder returns.
See More
Stock Movers: Cisco, AppLovin, Micron, Fastly, Equinix, Rollins, Novocure, and Others
- Stock Market Trends: Stock futures were rising on Thursday as investors reacted to recent economic data.
- Economic Data Impact: The rise in stock futures comes in the wake of a delayed U.S. monthly jobs report and other economic indicators.
See More
Anheuser-Busch InBev Q4 2025 Earnings Highlights
- Earnings Beat: Anheuser-Busch InBev reported a Q4 2025 non-GAAP EPS of $0.95, exceeding expectations by $0.07, indicating sustained profitability improvements that bolster investor confidence.
- Revenue Growth: The company achieved $15.55 billion in revenue for Q4, a 4.8% year-over-year increase that surpassed market expectations by $90 million, showcasing strong performance and brand strength in a competitive market.
- EBITDA Performance: Normalized EBITDA rose 2.3% to $5.473 billion in Q4 2025, despite a 10bps margin contraction to 35.2%, reflecting the company's efforts in cost management and operational efficiency.
- Future Outlook: The company anticipates EBITDA growth of 4-8% in 2026, with planned capital expenditures ranging from $3.5 to $4.0 billion, indicating a proactive approach to capitalize on market opportunities.
See More
