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Anheuser-Busch Inbev Sa (BUD)
NYSE:BUD
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Anheuser-Busch Inbev Sa (BUD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Oct 30, 2025
Before Open (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
1
Last Year’s EPS
0.98
Same Quarter Last Year
Based on 7 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Jul 31, 2025|
% Change Since: 6.38%|
Earnings Call Sentiment|Neutral
The earnings call highlighted solid financial performance, particularly in EBITDA growth, non-alcohol beer, and digital marketplace expansion. However, volume declines in key markets like China and Brazil, alongside challenges in specific channels, pose significant concerns. The company is investing heavily in their brands and strategic initiatives, which may counterbalance some of these challenges.
Company Guidance -
Q3 2025
During the AB InBev Second Quarter 2025 Earnings Conference Call, the company reported a 6.5% increase in EBITDA and highlighted continued margin expansion. Revenue per hectoliter grew by 4.9% compared to the previous year, driven by strategic revenue management and a strong performance from premium brands. The non-alcohol beer portfolio experienced a revenue increase of 33%, while GMV for the BEES marketplace grew by 63% to reach $785 million. Despite a 1.9% decline in overall volumes, the company saw a 0.7% growth in markets representing two-thirds of their business. The U.S. portfolio gained industry share, with Michelob ULTRA and Busch Light leading volume share gains. Free cash flow improved by $0.5 billion, and underlying U.S. dollar EPS increased by 8.7%. The company remains confident in achieving its 2025 EBITDA growth outlook of 4% to 8%, supported by strong performance in developed markets and strategic investments in megabrands.
EBITDA Growth and Margin Expansion
EBITDA increased by 6.5% with continued margin expansion. The strategic revenue management drove an increase in revenue per hectoliter growth by 4.9% versus last year.
Non-Alcohol Beer Revenue Growth
The non-alcohol beer portfolio continued to outperform globally, with revenues increasing by 33%.
BEES Marketplace Growth
The growth of the BEES marketplace accelerated, increasing GMV by 63% versus last year to reach $785 million.
U.S. Market Share Gains
In the U.S., the portfolio is gaining share of the industry, led by Michelob ULTRA and Busch Light. Spirits-based RTDs grew volumes by low teens.
EPS and Free Cash Flow Improvement
Underlying U.S. dollar EPS increased by 8.7% and free cash flow increased by $0.5 billion.
Strong Brand Investments
Invested $3.6 billion in sales and marketing in the first half of the year, reinforcing the strength of the portfolio. Eight of the top 10 most valuable beer brands are owned by AB InBev.
Net Debt Reduction
Net debt-to-EBITDA ratio improved to 3.27x from 3.42x year-over-year.

Anheuser-Busch Inbev Sa (BUD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

BUD Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Oct 30, 2025
2025 (Q3)
1.00 / -
0.98
Jul 31, 2025
2025 (Q2)
0.96 / 0.98
0.98.89% (+0.08)
May 08, 2025
2025 (Q1)
0.74 / 0.81
0.758.00% (+0.06)
Feb 26, 2025
2024 (Q4)
0.69 / 0.88
0.827.32% (+0.06)
Oct 31, 2024
2024 (Q3)
0.92 / 0.98
0.8613.95% (+0.12)
Aug 01, 2024
2024 (Q2)
0.85 / 0.90
0.7225.00% (+0.18)
May 08, 2024
2024 (Q1)
0.66 / 0.75
0.6515.38% (+0.10)
Feb 29, 2024
2023 (Q4)
0.77 / 0.82
0.98-16.33% (-0.16)
Oct 31, 2023
2023 (Q3)
0.83 / 0.86
0.816.17% (+0.05)
Aug 03, 2023
2023 (Q2)
0.68 / 0.72
0.73-1.37% (-0.01)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

BUD Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 31, 2025
$66.54$57.67-13.33%
May 08, 2025
$65.50$67.00+2.29%
Feb 26, 2025
$54.12$58.03+7.22%
Oct 31, 2024
$62.17$58.67-5.63%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Anheuser-Busch Inbev Sa (BUD) report earnings?
Anheuser-Busch Inbev Sa (BUD) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).
    What is Anheuser-Busch Inbev Sa (BUD) earnings time?
    Anheuser-Busch Inbev Sa (BUD) earnings time is at Oct 30, 2025, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is BUD EPS forecast?
          BUD EPS forecast for the fiscal quarter 2025 (Q3) is 1.

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