Anheuser-Busch Inbev, the world's largest brewer, has reported better-than-expected profits despite a social media boycott of its Bud Light beer in the US. The Belgium-based company saw a 7.2% increase in revenue globally, driven by price hikes. Although volumes fell by 1.4%, organic growth in earnings before interest, taxes, depreciation, and amortization (EBITDA) was 5%, beating consensus forecasts of 0.4%. AB InBev also reaffirmed its full-year profit outlook. The company faced criticism for a sponsorship partnership with a transgender influencer, which led to a decline in sales and a reported suspension of the marketing executive involved.

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