UFC president reacts to making Bud Light UFC5's official beer after the beer giant faced intense backlash as a result of its partnership with trans activist Dylan Mulvaney on "Hannity."
Anheuser-Busch InBev on Tuesday reported a staggering 13.5% decline in U.S. revenue in the third quarter as the company's Bud Light brand continues to suffer in the country after a controversial partnership with transgender activist Dylan Mulvaney in the spring.
Sales of Bud Light began to tumble in the U.S. in April, not long after the brand created and sent custom beer cans to Mulvaney to mark her "365 days of girlhood." That move and comments from Bud Light's marketing vice president at the time sparked calls for beer drinkers to shun the brand, and the boycott took hold.
The global brewing conglomerate also reported a 17.1% decline in North American sales volume during the third quarter. Its North American sales fell 14.5% in the prior quarter, when the Bud Light brand lost its long-standing title as the best-selling beer in the U.S. after being eclipsed by Modelo Especial, which is owned by Constellation Brands.
Anheuser-Busch InBev's North American sales fell by double digits for the second consecutive quarter. (Jakub Porzycki / NurPhoto / Getty Images)
Outside North America, AB InBev experienced growth in roughly 80% of its markets, including the Middle Americas and Africa. Total volumes fell by 3.4%, mostly due to the significant drop in U.S. sales.
Anheuser-Busch InBev SA
As AB InBev attempts to rehabilitate the Bud Light brand's image in the North American market, the company recently scored a victory of its own over Modelo after replacing the Mexican lager as the official beer partner of the UFC.
Constellation Brands Inc.
UFC CEO Dana White announced last week that the mixed martial arts organization inked a six-year deal with Anheuser-Busch that will involve the Bud Light brand having a heavy presence in UFC's content in its broadcasts and online beginning in 2024.
PublicSq. and RedBalloon have received resumes from laid-off Bud Light employees after the conservative companies offered to help them find new jobs.
Sources close to the UFC's deal with Anheuser-Busch reportedly told ESPN it is the largest sponsorship agreement in UFC history, but White told FOX News' Sean Hannity that money was not the deciding factor in the move to bring Bud Light back as UFC's official beer sponsor.
UFC CEO Dana White (Louis Grasse / PxImages / Icon Sportswire / Getty Images)
"They were the first beer company that we really did business with. They were our first real big sponsor when we were getting started, and now we're back with them," White said. "I know all the controversy and everything else, but for myself, going into a long-term deal with another sponsor, I want to be with somebody that I'm actually aligned with."
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The UFC CEO noted, "They employ 65,000 Americans. They have thousands of vets that work for them. They spend $700 million a year with U.S. farmers, using their crops to make their products, and many, many other great things that Anheuser-Busch has done in this country."
FOX Business' Joseph Wulfsohn and Kristen Altus contributed to this report.
Bud Light parent Anheuser-Busch InBev's sales tumble further in US - Fox Business
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