Anheuser-Busch InBev shares surged the most in more than three years as the key US beer market showed signs of recovery, with increased marketing driving sales of its biggest brands.

Revenues climbed 3.4% in Q4 and 2.7%, to $59.8bn (£47.3bn) in FY24, with growth in Mexico, the US, Colombia, Brazil, South Africa and Europe helping to offset sales declines in China. Revenue per hl, meanwhile, rose by 5.5% in the quarter and 4.3% across FY24.

Beer giant Anheuser-Busch InBev reported fourth-quarter operating profit that was well ahead of analyst forecasts.

Beer giant Anheuser-Busch InBev has today reported fourth-quarter operating profit that was well ahead of analyst forecasts, even as a slowdown in the Chinese beer market dragged volumes down.

The world’s largest brewer sold less beer than analysts expected in the fourth quarter, dragged by lingering weakness in China, but said it gained market share in the U.S.

Beer giant Anheuser-Busch InBev reported fourth-quarter operating profit on Wednesday that was well ahead of analyst forecasts, helped by record revenues and cost management even as volumes fell more than expected.