D
+8
MNST: Valuation in Overdrive — How Long Can the Honeymoon Last?
A standout set of results, powered by a banner year for product innovation
+8
MonsterFinancial Analysis
Monster
D
MNST (Trans): Net sales top $2.5bn; U.S. price hike in Q4
Q2 net sales topped $2.5bn, reaching $2.54bn (+20.2% YoY) with double-digit growth across all regions. However, higher freight and stepped-up marketing lifted the selling expense ratio to 10.6%, and Adj. OP rose only 13.3%, lagging revenue. The company plans selective price increases in the U.S. in Q4 2026.
MonsterConference Minutes
D![MONSTER ENERGY]()
![Monster 1Q26Financial Performance (in US$100 million) Calendar Year 1Q23A 2Q23A]()
MNST (Trans): Zero-sugar lineup remains a key U.S. growth driver
Below is Dolphin Research's Trans of MNST's FY26 Q1 earnings call.
For the earnings analysis, cf. 'Monster: product cycle tailwinds, Intl markets ignite — a 'sweet' pivot?'MonsterConference Minutes
D![MONSTER ENERGY]()
![Monster 1Q26Financial Performance (in US$100 million) Calendar Year 1Q23A 2Q23A3]()
![Monster Beverage business overview Business segment Business composition Notes C]()
![Monster's net sales in 100 millions ，USD 25 ohinResearch nResear Net sales yoy%]()
+8
MNST: New product cycle fuels demand, intl ignites—sweet turnaround?
Revenue growth hit its highest quarterly pace in nearly four years
MonsterFinancial Analysis
D![MONSTER ENERGY]()
![Monster 4Q25Financial Performance (in US$100 million) Calendar Year 1Q23A 2Q23A3]()
![ZERO SUGAR LRT 花 FLRT ZERO SUGAR 0 Berry Tempting Guava VIBRANT ENERGY VIBRANT L]()
![Monster's net sales in 100 millions ，USD 25 esearch ce 25% 22.1% phinResear Net]()
+8
MNST: New product cycle ahead; another 'evolution' year?---
Monster Beverage will kick off a new product cycle in 2026.
A fresh lineup will begin rolling out that year.MonsterFinancial Analysis
D![MON5TER ENERGY]()
![Monster 3Q25Financial Performance (in US$100 million) Calendar Year 1Q23A 2Q23A3]()
Monster Beverage (Minutes): In 2026, a female-targeted energy drink brand FLRT will be launched.
Ultra (Zero Sugar) series performs outstandingly
MonsterConference Minutes
D![MON5TER ENERGY]()
![Monster 3Q25Financial Performance (in US$100 million) Calendar Year 1Q23A 2Q23A3]()
![Celsius C4 AlaniNu Ghost √ 零糖，天然咖啡因 √ 零糖，天然咖啡因 零糖，天然咖啡因 零糖，天然咖啡因 核心成分为经过临床验 核心成分]()
![怪兽饮料(Monster)业务介绍 业务部门 业务构成 备注 包含了所有以"Monster"品牌命名的饮料系列矩阵。核心系 cN 列包括Monster Ener]()
+9
Monster: Evolution of the Beast! Will the Frenzy Begin Again?
$Monster Beverage(MNST.US) Monster Beverage (MNST), the leading energy drink company, released its Q3 2025 financial results (ending September 2025) after US market hours on 7 November 2025 Beijing time. 1. Revenue growth reached its highest quarterly level in three years. Monster achieved revenue of $2.2 billion in 3Q25, representing a 16.8% year-on-year increase that exceeded market expectations. Analysing volume and price dynamics, Monster's unit case sales grew by 17.8% year-on-year, maintaining the robust growth momentum observed in the second quarter...
MonsterFinancial Analysis
D![MON5TER ENERGY]()
![Share changes of different energy drink companies in US Monster Red Bull ---Cels]()
![Celsius C4 AlaniNu Ghost √ 零糖，天然咖啡因 √ 零糖，天然咖啡因 零糖，天然咖啡因 零糖，天然咖啡因 核心成分为经过临床验 核心成分]()
![in 100 millions. USD 300 250 海豚投研 200 DolphinResearch 150 100 50 15.8 19.3 0 30.]()
+7
Monster: Besieged on All Sides, Will the Former 'Monster' Turn into a 'Sick Cat'?
In the cross-market comparison of beverages between China and the United States, Dolphin Research recently selected Monster Beverage ("Monster") as a comparison to introduce the upcoming peer research on Dongpeng Beverage. In the previous study, we focused on how Monster, as a follower, achieved surpassing its predecessors through differentiated positioning, community marketing, and leveraging giant channels. However, past success does not guarantee a smooth future, as demonstrated by Lululemon, a typical counterexample previously covered by Dolphin Research. As the earnings season concludes, Dolphin Research is swiftly moving to study the next truly critical core proposition, looking at the present: 1. What will drive Monster's future growth? Are its wings stable? 2. Will it be a good investment target? How is its current cost-effectiveness?
MonsterDeep Research
D![图片 1，共 23 张]()
![图片 2，共 23 张]()
![图片 3，共 23 张]()
![图片 4，共 23 张]()
+19
Monster: How did the 'Monster' achieve a 100-fold increase in 20 years by taking on Red Bull?
In the analysis of Monster, we explore the following three questions:
1. What is Monster's business model?2. In the years when Red Bull dominated the U.S. energy drink market, how did Monster manage to "tear apart" the Red Bull empire?3. From the current standpoint, how should we assess Monster's investment value?MonsterDeep Research