Anheuser-Busch InBev SA/NV - ADR

**Strong Third Quarter Performance**: AB InBev reported a third quarter EBITDA growth of 7.1% with margin expansion of 169 basis points, indicating robust operational execution and effective revenue management strategies. Total revenue grew by 2.1%, with revenue per hectoliter up by 4.6%. However, overall volumes declined by 2.4%, primarily due to a challenging consumer environment in China and Argentina.

**Full-Year EBITDA Outlook Raised**: Due to strong performance in the first nine months of 2024, AB InBev has raised its full-year EBITDA outlook to a growth range of 6% to 8%. This reflects optimism regarding their ongoing operational strategies and market conditions in many regions.

**$2 Billion Share Buyback Program Announced**: AB InBev announced a $2 billion share buyback program for the next 12 months, doubling last year's buyback. This demonstrates confidence in the company's cash flow generation and flexibility to return value to shareholders while still maintaining a focus on deleveraging.