ABInBevReportsFullYearandFourthQuarter2025Results
===2026/2/12 18:06:46===
%
3.4
%
AB InBev Worldwide
575 706
(1 265
)
(13 341
)
561 100
(2.3
)%
(2.6
)%
Key Markets Performance
United States: Building momentum and gaining market share in beer and spirits driven by Michelob Ultra and Cutwater
Operating performance:
4Q25: Revenue declined by 1.4% with revenue per hl increasing by 2.6% driven by revenue management and premiumization. Sales-to-retailers (STRs) declined by 3.5%, estimated to have outperformed a soft industry. Sales-to-wholesalers (STWs) declined by 3.9%. EBITDA decreased by 6.2%, impacted by phasing of sales and marketin
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