What is AB InBev?
World-leading brewer behind more than 500 brands, including Budweiser, Corona, Michelob ULTRA, Stella Artois, Modelo, Brahma, Jupiler, Cutwater, and BEES.
- Category
- Beer and beverages
- Headquarters
- Leuven, Belgium
- Founded
- 2008 combination
- Employees
- ~137,000
- FY25 revenue
- $59.3B
- Status
- Public: ABI / BUD
What is AB InBev?
AB InBev is the world's largest brewer by scale, with a portfolio of more than 500 beer and beverage brands and a global route-to-market that reaches millions of retailers.
AB InBev is a global brewer and beverage company headquartered in Leuven, Belgium, legally organized as Anheuser-Busch InBev SA/NV. Its modern corporate form was created in 2008 when InBev combined with Anheuser-Busch, then expanded again in 2016 through the SABMiller combination. The heritage underneath the group is much older: AB InBev traces Stella Artois to the Den Hoorn brewery founded in Leuven in 1366 and Budweiser to Adolphus Busch's 1876 American lager in St. Louis.
The current operating profile is large and measurable. AB InBev reported FY25 net revenue of $59.3 billion, normalized EBITDA of $21.2 billion, total volume of 561.1 million hectoliters, and about 137,000 people. Its own investor materials say it has 20 billion-dollar beer brands and 8 of the 10 most valuable beer brands globally, with Corona and Budweiser ranked first and second in beer brand value. For account planning, treat AB InBev as both a consumer-brand powerhouse and a scaled digital route-to-market operator.
What does AB InBev offer?
AB InBev sells beer, no-alcohol beer, beyond-beer drinks, digital B2B commerce, direct-to-consumer delivery, and at-home draft experiences.
- Budweiser· Global beer brand
- Corona Extra and Corona Cero· Premium and no-alcohol beer
- Michelob ULTRA· Premium beer
- Stella Artois· Premium beer
- Modelo, Brahma, Jupiler, Quilmes, SKOL· Local megabrands
- Cutwater, NUTRL, Brutal Fruit· Beyond Beer
- BEES· B2B digital commerce
- Ze Delivery, TaDa Delivery, PerfectDraft· Direct-to-consumer
How does AB InBev make money?
AB InBev earns revenue by brewing, marketing, and distributing beer and adjacent beverages globally, then increasingly digitizing retailer ordering and consumer channels through BEES and DTC platforms.
AB InBev's core business model is branded beverage scale. It grows revenue through volume, revenue per hectoliter, brand mix, premiumization, pricing, and distribution reach across global, regional, and local brands. In FY25, the company reported organic revenue growth of 2.0% and revenue per hectoliter growth of 4.4%, while reported revenue was $59.3 billion. Premium and super-premium beer, no-alcohol beer, and Beyond Beer are important mix levers: the company said no-alcohol beer revenue grew 34% in FY25 and Beyond Beer revenue grew 23% to 3% of total revenue.
The second layer is route-to-market digitization. AB InBev's BEES B2B platform processed $52.5 billion in GMV in FY25 and captured 72% of company revenue through B2B digital platforms across 29 markets. Its BEES Marketplace third-party GMV reached $3.5 billion, and DTC products such as Ze Delivery, TaDa Delivery, and PerfectDraft generated $1.3 billion of revenue. For sellers, that makes AB InBev a hybrid buyer: consumer packaged goods, logistics, retail media, marketplace, payments, data, and enterprise technology priorities all sit inside the account.
Who leads AB InBev?
AB InBev is led by CEO Michel Doukeris, CFO Fernando Tennenbaum, and a global executive team spanning people, legal, communications, growth, marketing, supply, strategy, technology, B2B, DTC, and regional zones.
- Michel DoukerisChief Executive OfficerCEO as listed by AB InBev in June 2026Sets the brewer's global strategy across brands, markets, route-to-market digitization, productivity, and capital allocation.
- Fernando TennenbaumChief Financial OfficerCFO as listed by AB InBev in June 2026Finance owner for performance management, treasury, investor messaging, leverage, buybacks, and capital discipline.
- David AlmeidaChief Strategy and Technology OfficerCurrent leadership pageRelevant executive for enterprise technology, data, digital platforms, strategy, and transformation initiatives.
- Nick CatonChief B2B OfficerCurrent leadership pageKey executive for BEES, retailer digitization, route-to-market platforms, marketplace economics, and B2B commercial systems.
- Lucas HerscoviciChief Direct-to-Consumer OfficerCurrent leadership pageLeads DTC platforms such as Ze Delivery, TaDa Delivery, and PerfectDraft, connecting consumer commerce to the brewer's operating model.
- Ricardo MoreiraChief Supply OfficerCurrent leadership pageOwns the global supply, brewing, packaging, logistics, productivity, and sustainability operating agenda.
- Marcel MarcondesChief Marketing OfficerCurrent leadership pageOwns global brand building, creative effectiveness, category expansion, and consumer demand generation.
- John BloodChief Legal & Corporate Affairs OfficerCurrent leadership pageRelevant for legal, regulatory, corporate affairs, governance, risk, and policy-facing decisions.
How do you contact AB InBev's leadership?
AB InBev publishes functional investor, treasury, corporate-governance, and media contact addresses. Use those official routes first; executive direct emails should not be guessed.
first.last@ab-inbev.com- Ekaterina BaillieGlobal Director, Investor Relations - EMEA and Asia PacificEkaterina.baillie@ab-inbev.com
How is AB InBev funded?
AB InBev is a public company listed through ABI/BUD-related securities, so its capital profile is driven by operating cash flow, debt management, dividends, buybacks, and public-market access rather than venture funding rounds.
AB InBev is not venture-funded; it is a mature public company. The company reports under Anheuser-Busch InBev SA/NV and appears across major public listings, including Euronext Brussels and the New York Stock Exchange ADR. Its FY25 performance shows the scale of the capital base: $59.3 billion in net revenue, $21.2 billion in normalized EBITDA, $11.3 billion in free cash flow, and $6.8 billion in profit attributable to equity holders. Those metrics, not private rounds, are the useful signal for budget capacity.
Capital allocation matters because AB InBev is still actively optimizing the balance sheet after the large acquisitions that built the group. In FY25 materials, management highlighted bond repurchases and redemptions, shareholder returns, bolt-on acquisitions, and a $6 billion share buyback program announced in October 2025. For sellers, the practical read is that initiatives tied to margin expansion, working-capital discipline, procurement efficiency, digital revenue capture, and supply-chain productivity have clearer budget logic than broad transformation messaging.
How did AB InBev get here?
AB InBev's path combines centuries-old brewing assets with a modern sequence of mergers that created the world's largest brewer.
- 1366Den Hoorn brewery founded in LeuvenAB InBev traces the Stella Artois lineage to the Den Hoorn brewery, now part of its Belgian heritage.
- 1876Budweiser created in St. LouisAdolphus Busch co-created Budweiser, the American-style lager that became a global brand.
- 1987Interbrew formedBelgium's Brouwerij Artois and Piedboeuf Brewery combined to create Interbrew.
- 2004Interbrew and AmBev mergedThe Belgian and Brazilian brewers combined to create InBev.
- 2008Anheuser-Busch InBev createdInBev combined with Anheuser-Busch in the United States to become AB InBev.
- 2016SABMiller combination completedThe SABMiller combination made AB InBev the world's leading brewer by scale.
- 2025BEES reached $52.5B GMVAB InBev reported that BEES captured 72% of revenue through B2B digital platforms across 29 markets.
Who are AB InBev's competitors?
AB InBev competes with global brewers, regional beer groups, spirits and RTD companies, and local challenger brands across price tiers and geographies.
- HeinekenGlobal premium brewer and the clearest scale competitor across Europe, Latin America, Africa, and Asia.
- Carlsberg GroupInternational brewer with strength in Europe and Asia, competing in mainstream, premium, and no-alcohol beer.
- Molson CoorsNorth American and European brewer competing with brands such as Coors Light, Miller Lite, and Blue Moon.
- Asahi Group HoldingsJapanese beverage group with global premium beer assets including Asahi Super Dry and Peroni.
- Constellation BrandsU.S.-focused beer, wine, and spirits company whose Mexican beer portfolio competes strongly in premium U.S. beer.
- DiageoGlobal spirits and beer company relevant in stout, ready-to-drink, and broader alcohol occasion competition.
AB InBev — frequently asked questions
