NYSE$ABEV
Ambev ADR · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Ambev reported a 4.2% revenue increase and solid financial performance for Q4 2024.
Ambev reported Q4 2024 revenue of R$27.04 billion, net income of R$5.02 billion, and normalized EBITDA of R$9.62 billion. Normalized EPS was R$0.31, reflecting a 7.8% increase compared to the same period in 2023. Strong revenue growth was driven by positive performances in Brazil NAB and Central America and the Caribbean.
- Revenue increased by 4.2% to R$27.04 billion.
- Net income for Q4 2024 was R$5.02 billion.
- Normalized EBITDA grew by 9.7% to R$9.62 billion.
- Normalized EPS was R$0.31, up 7.8% from Q4 2023.
Headline financials
Revenue & EPS history
Ambev · Revenue · Quarterly
$4.37B
Forward guidance
Ambev expects continued growth driven by digital transformation, premiumization, and revenue management initiatives.
Tailwinds
- Revenue management initiatives to drive revenue growth.
- Continued focus on premiumization across key markets.
- Ongoing digital transformation initiatives.
- Focus on operational efficiencies.
- Expansion in key geographic regions.
Headwinds
- Potential cost pressures from inflation.
- Continued challenges in Argentina due to inflation.
- Volume declines in some markets.
- Supply chain disruptions.
- Uncertainty in global economic conditions.
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
-0.5%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+0.7%
Avg return
30 days after
46%
26 / 56 earnings
Positive
+11.8%
Q1 2021
Best reaction
-10.2%
Q4 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.4% | +13.4% | +7.2% | |
| Q3 2025 | +5.1% | +9.6% | +16.5% | |
| Q1 2025 | +0.8% | +0.8% | -0.4% | |
| Q4 2024 | +5.3% | +10.1% | +20.6% | |
| Q3 2024 | -5.3% | -2.2% | -6.6% | |
| Q1 2024 | -4.9% | -5.3% | -11.8% | |
| Q3 2023 | +6.2% | +11.1% | +12.8% | |
| Q1 2023 | +0.3% | -0.7% | +0.7% | |
| Q4 2022 | -2.3% | -0.4% | +9.3% | |
| Q2 2022 | -0.4% | -3.5% | +7.1% | |
| Q1 2022 | -9.3% | -8.7% | +0.0% | |
| Q4 2021 | +0.0% | -4.7% | +1.4% | |
| Q2 2021 | -4.5% | -2.1% | -2.7% | |
| Q1 2021 | +11.8% | +17.2% | +38.7% | |
| Q4 2020 | -6.6% | -7.7% | -1.8% | |
| Q2 2020 | -7.6% | -12.8% | -17.9% | |
| Q1 2020 | +2.4% | -3.8% | +34.3% | |
| Q4 2019 | -10.1% | -8.1% | -29.7% | |
| Q2 2019 | +10.8% | +12.5% | -6.6% | |
| Q1 2019 | +0.2% | -3.7% | -0.2% | |
| Q4 2018 | -10.2% | -10.4% | -12.1% | |
| Q3 2018 | -1.9% | +1.9% | -1.0% | |
| Q2 2018 | +3.7% | +1.0% | -8.4% | |
| Q1 2018 | -2.6% | -5.0% | -18.7% | |
| Q4 2017 | +1.9% | +4.7% | +7.7% | |
| Q3 2017 | -1.4% | -2.3% | -1.5% | |
| Q2 2017 | +1.9% | +2.9% | +5.2% | |
| Q1 2017 | +1.4% | +1.7% | -2.9% | |
| Q4 2016 | -3.7% | -6.4% | +0.2% | |
| Q3 2016 | -4.2% | -9.9% | -19.5% | |
| Q2 2016 | +0.0% | — | — | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | -3.4% | — | — | |
| Q3 2015 | -1.8% | — | — | |
| Q2 2015 | +2.6% | — | — | |
| Q1 2015 | +2.6% | — | — | |
| Q4 2014 | -4.5% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | -3.1% | — | — | |
| Q1 2014 | -3.1% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q3 2013 | -0.5% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q3 2012 | +1.9% | — | — | |
| Q2 2012 | -0.2% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q3 2011 | -5.2% | — | — | |
| Q2 2011 | +2.9% | — | — | |
| Q1 2011 | +4.4% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q3 2010 | +1.9% | — | — | |
| Q2 2010 | -2.2% | — | — | |
| Q1 2010 | -0.6% | — | — |
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