AB Inbev rises after Q4 earnings beat, Latin America drives growth

Anheuser-Busch Inbev SA

12/02/2026 09:46

** Shares in AB Inbev ABI.BR are up 2.9%, touching their highest in 6 years, after company's Q4 organic EBITDA growth came in above expectations, supported by strong performance in key markets

** The Belgian brewer reports Q4 organic EBITDA growth of 2.3% surpassing consensus estimates of +1.4%, led by better-than-expected performance in Latin America

** Celine Pannuti of J.P. Morgan attributes the beat to strong volume recovery in key markets like Brazil and Mexico, with Brazil returning to growth in December as weather normalised

** Jefferies analyst Edward Mundy highlights the improved mix in Latin America and notes Q4 group organic volume (-1.5%) outperformed expectations (-2.7%), contributing to a 7% EPS beat

** Both J.P. Morgan and Jefferies maintain "Overweight" ratings on ABI, emphasising its consistent delivery and steady improvement in EBITDA amid easing cost pressures in 2026

** Stock sits at the top of Belgian BEL20 index .BEL20

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))