Anheuser-Busch InBev (AB InBev), the world's largest brewer, reported fourth-quarter 2024 financial results with revenue of $14.84 billion, exceeding the estimated $14.46 billion. Organic revenue growth reached 3.4%, surpassing the forecasted 2.53%, while adjusted earnings per share (EPS) stood at $0.88, beating the $0.76 estimate. Normalized EBITDA rose 10.1% to $5.245 billion, supported by premiumization and cost efficiencies. In China, AB InBev faced a 19% sales decline and an 18.9% drop in volumes, with Budweiser APAC reporting a 20.1% revenue decrease. The company cited weak consumer demand and reduced activity in key channels such as bars and restaurants as primary factors. Meanwhile, the U.S. market showed positive performance, with increased market share driven by brands like Michelob Ultra and Busch Light. The company also achieved record free cash flow of $11.3 billion in 2024. For fiscal year 2025, AB InBev projects organic adjusted EBITDA growth between 4% and 8%. CEO Michel Doukeris expressed confidence in the company's ability to navigate challenges and capitalize on strategic opportunities.