Anheuser-Busch InBev SA/NV Q2 2025 Earnings Recap

AB InBev delivered solid Q2 2025 results, characterized by a 6.5% increase in EBITDA and strategic growth in premium segments driving robust revenue expansion, despite a slight volume decline.

Key Takeaways

• EBITDA increased 6.5%, with revenue per hectoliter growing 4.9%, reflecting effective revenue management strategies.
• Non-alcohol beer revenues soared by 33%, highlighting strong performance in alternative alcohol categories.
• Free cash flow rose by $0.5 billion, supported by ongoing business optimization initiatives.
• Revenue grew in 70% of markets, with top and bottom line growth across four of five operational regions.
• Continued investment in core brands, particularly in North America, led to significant market share gains.