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ABInBev Regulated and inside information¹ Total Volume + 3.4 % Anheuser - Busch InBev Reports Third Quarter 2021 Results Momentum continues with top- and bottom - line growth ahead of pre - pandemic levels " During the third quarter , we delivered top- and bottom - line growth versus both 2020 and pre - pandemic levels of 2019 driven by relentless execution , investment in our brands and accelerated digital transformation . As a result of our performance and our continued momentum we are raising the bottom - end of our EBITDA guidance . " - Michel Doukeris , CEO In 3Q21 , total volumes grew by 3.4 % , with own beer volumes up by 2.8 % and non - beer volumes up by 7.8 % . In 9M21 , total volumes grew by 11.9 % with own beer volumes up by 12.1 % and non - beer volumes up by 10.7 % . Total Revenue + 7.9 % In 3Q21 , revenue grew by 7.9 % with revenue per hl growth of 4.3 % . In 9M21 , revenue grew by 17.0 % with revenue per hl growth of 4.7 % . Global Brands Revenue + 9.3 % ( outside their home markets ) In 3Q21 , combined revenues of our three global brands , Budweiser , Stella Artois and Corona , increased by 5.0 % globally and by 9.3 % outside of their respective home markets . In 9M21 , the combined revenues of our global brands increased by 18.0 % globally and by 22.7 % outside of their respective home markets . Normalized EBITDA + 3.0 % Normalized EBITDA increased by 3.0 % in 3Q21 and by 14.5 % in 9M21 . Normalized EBITDA margin was 36.5 % in 3021 and 35.7 % in 9M21 . The 9M21 Normalized EBITDA figures include an impact of 226 million USD from tax credits in Brazil . For more details , please see page 11 . Press release Brussels / 28 October 2021 / 7.00am CET ab-inbev.com Underlying Profit 1 699 million USD Underlying profit ( normalized profit attributable to equity holders of AB InBev excluding mark - to - market gains and losses linked to the hedging of our share based payment programs and the impact of hyperinflation ) was 1 699 million USD in 3Q21 compared to 1 601 million USD in 3Q20 and was 4 290 million USD in 9M21 compared to 3 407 million USD in 9M20 . Normalized profit attributable to equity holders of AB InBev was 1 002 million USD in 3Q21 versus 1 578 million USD in 3Q20 and 3 926 million USD in 9M21 versus 1 654 million USD in 9M20 . Underlying EPS 0.85 USD Underlying EPS ( Normalized EPS excluding mark - to market gains and losses linked to the hedging of our share - based payment programs and the impact of hyperinflation ) was 0.85 USD in 3Q21 , an increase from 0.80 USD in 3Q20 and was 2.14 USD in 9M21 , an increase from 1.71 USD in 9M20 . Normalized EPS in 3Q21 was 0.50 USD , a decrease from 0.79 USD in 3Q20 . Normalized EPS in 9M21 was 1.96 USD , an increase from 0.83 USD in 9M20 . ¹The enclosed information constitutes inside information as defined in Regulation ( EU ) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse , and regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market . Press release – 28 October 2021