NASDAQ$MNST
Monster Beverage Corp · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Monster Beverage Q4 2024 Earnings Report
Monster Beverage reported Q4 2024 revenue of $1.81 billion, up 4.7% YoY. GAAP EPS decreased to $0.28, while non-GAAP EPS remained at $0.38. Net income fell 26.2% to $270.7 million, while operating income declined 12.2% to $381.2 million. The Monster Energy Drinks segment continued to grow, while the Alcohol Brands segment saw a slight decline in sales.
- Total revenue increased 4.7% YoY to $1.81 billion.
- GAAP EPS dropped to $0.28, while non-GAAP EPS held at $0.38.
- Net income fell 26.2% to $270.7 million.
- Monster Energy Drinks segment grew by 4.5% to $1.67 billion.
Headline financials
Revenue & EPS history
Monster Beverage · Revenue · Quarterly
$1.81B
Revenue by segment
Monster Beverage · $1.86B total across 4 segments · Q3 2023
- Monster Energy Drinks$1.71B+14.0%92.0%
- Strategic Brands$98.8M+11.3%5.3%
- Alcohol Brands$42.3M+57.8%2.3%
- Other$6.7M+4.7%0.4%
Forward guidance
Monster Beverage expects continued revenue growth in 2025, driven by product innovation and international expansion. However, the Alcohol Brands segment remains a challenge due to impairments and inventory reserves.
Tailwinds
- Expected strong international sales growth in 2025.
- New product launches, including Monster Energy Ultra Vice Guava.
- Price increases of 5% on most products, excluding Reign and Bang.
- Continued leadership in global energy drink market share.
- Expansion into new distribution channels and international markets.
Headwinds
- Alcohol Brands segment continues to struggle with declining sales.
- Foreign currency exchange rates remain a headwind.
- Rising input costs may pressure margins despite price increases.
- Higher marketing and selling expenses expected in 2025.
- Potential impact of regulatory changes in certain markets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+1.2%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+2.1%
Avg return
30 days after
58%
40 / 69 earnings
Positive
+15.7%
Q1 2016
Best reaction
-19.9%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.6% | +9.6% | +16.1% | |
| Q4 2025 | +1.5% | -9.3% | -17.1% | |
| Q3 2025 | +5.1% | +6.3% | +11.2% | |
| Q2 2025 | +0.0% | -0.8% | -2.6% | |
| Q1 2025 | +1.5% | +1.4% | +5.4% | |
| Q4 2024 | +5.3% | +6.6% | +11.4% | |
| Q3 2024 | -0.6% | +2.9% | -4.0% | |
| Q2 2024 | -11.4% | -9.7% | -4.2% | |
| Q1 2024 | +2.7% | +2.1% | -3.0% | |
| Q4 2023 | +5.3% | +4.3% | +5.6% | |
| Q3 2023 | +7.6% | +8.4% | +6.9% | |
| Q2 2023 | -4.4% | -0.4% | -1.9% | |
| Q1 2023 | +2.3% | +0.6% | +1.9% | |
| Q4 2022 | -3.0% | -0.3% | +2.6% | |
| Q3 2022 | +6.8% | +6.7% | +13.4% | |
| Q2 2022 | -4.9% | -7.5% | -8.0% | |
| Q1 2022 | +0.0% | -2.9% | +2.5% | |
| Q4 2021 | +6.5% | +4.8% | -0.9% | |
| Q3 2021 | +4.9% | +5.1% | -4.1% | |
| Q2 2021 | +5.4% | +7.4% | +6.1% | |
| Q1 2021 | -3.4% | -3.1% | +1.0% | |
| Q4 2020 | -0.6% | -1.5% | +3.9% | |
| Q3 2020 | +0.7% | -1.4% | +5.7% | |
| Q2 2020 | +6.8% | +6.9% | +6.2% | |
| Q1 2020 | +7.3% | +8.0% | +17.8% | |
| Q4 2019 | -5.3% | -3.2% | -14.4% | |
| Q3 2019 | +3.9% | +4.3% | +7.2% | |
| Q2 2019 | +3.3% | -6.1% | -5.0% | |
| Q1 2019 | +8.9% | +6.3% | +6.8% | |
| Q4 2018 | +8.7% | +10.7% | -7.1% | |
| Q3 2018 | -1.2% | -0.1% | +4.8% | |
| Q2 2018 | +2.0% | +1.1% | +0.9% | |
| Q1 2018 | -7.9% | -7.6% | -0.9% | |
| Q4 2017 | -15.5% | -13.1% | -10.8% | |
| Q3 2017 | +1.3% | +7.4% | +9.2% | |
| Q2 2017 | -1.6% | +1.8% | +6.6% | |
| Q1 2017 | +5.6% | +6.8% | +14.1% | |
| Q4 2016 | +14.3% | +13.4% | +11.4% | |
| Q3 2016 | -6.3% | -5.7% | -7.6% | |
| Q2 2016 | +3.0% | +0.9% | -2.5% | |
| Q1 2016 | +15.7% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | +13.1% | — | — | |
| Q2 2015 | -3.2% | — | — | |
| Q1 2015 | -8.5% | — | — | |
| Q4 2014 | +14.0% | — | — | |
| Q3 2014 | +9.3% | — | — | |
| Q2 2014 | +5.2% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +4.2% | — | — | |
| Q3 2013 | -4.7% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q1 2013 | -5.6% | — | — | |
| Q4 2012 | -1.3% | — | — | |
| Q3 2012 | +1.8% | — | — | |
| Q2 2012 | -19.9% | — | — | |
| Q1 2012 | +9.6% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q3 2011 | -4.7% | — | — | |
| Q2 2011 | +11.0% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2008 | -3.7% | — | — | |
| Q4 2010 | -3.7% | — | — | |
| Q3 2010 | -2.8% | — | — | |
| Q3 2009 | -2.8% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q2 2009 | +1.6% | — | — | |
| Q4 2009 | +1.6% | — | — |
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