AB InBev: non-beer drinks offset a slide in beer volumes in Q3
AB InBev's third-quarter revenue rose 4.9% to $16.51 billion while beer volumes slipped 0.1%. The brewer kept its 2026 EBITDA outlook, Dow Jones reported.
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what happened
Anheuser-Busch InBev said a shift toward other drinks helped offset weaker beer sales in the third quarter. The company reported that beer volumes for the three months through September fell 0.1% organically, while a 4% rise in non-beer volumes lifted total volumes by 0.4%.
Revenue grew 4.9% year on year to $16.51 billion. Analysts polled by the company had expected volumes to rise 0.3% and revenue 4.1%. The quarter reversed a first-half beer recovery, which included a 1.1% volume gain in the second quarter, helped by sunny summer weather and the soccer World Cup.
Beer volumes fell in North America and Asia Pacific in the latest quarter but grew in other markets. Chief Executive Michel Doukeris said the growth "reflects the strength of our diversified footprint." The company kept its full-year outlook, expecting EBITDA to grow 4% to 8% from a year earlier, in line with its midterm targets.
why it matters
Two points matter for investors: revenue beat consensus and the outlook was held. Beer remains the weak spot, so growth now depends more on non-beer drinks and other markets, making diversification a key factor in judging the business.
market impact
AB InBev: revenue above forecasts and a held outlook support the company's shares
- AB InBev shares pressure up — revenue and volumes beat analyst estimates and the outlook was confirmed
tags
instruments
sources
- Budweiser Brewer AB InBev's Alternative Drinks Help Steady Slide in Beer Volumes — Dow Jones Newswires, 29 October 2026 at 06:25 UTC
- Budweiser Brewer AB InBev's Alternative Drinks Help Steady Slide in Beer Volumes — Dow Jones Newswires, 29 October 2026 at 06:40 UTC
- Bud Light Brewer AB InBev Says Alternative Drinks Help Steady Slide in Beer Volumes — Update, 29 October 2026 at 06:54 UTC
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