Monster Beverage Corporation ($MNST) reported its fourth-quarter earnings for 2024, revealing a record revenue of $1.81 billion, which represents a 4.7% increase year-over-year and exceeds analysts' expectations by $17 million. However, the company's adjusted earnings per share (EPS) of $0.38 fell short of the forecasted $0.40, remaining flat compared to the previous year. The adjusted operating income for the quarter was $517.9 million, up 7.9% year-over-year. The revenue growth was driven by strong demand for its energy drinks, with the Monster Energy® drinks segment alone generating $1.67 billion in sales, an increase of 4.5% year-over-year. The results indicate a positive trend in the energy drink market, despite the slight dip in volume for Monster energy products, which saw a 0.9% decrease but was offset by a 6.2% increase in average price.