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How Constellation Built Corona In The U.S.
- Constellation Brands bought US rights to Corona and Modelo after AB InBev acquired Grupo Modelo, then invested heavily in marketing.
- That licensing shift turned Corona into a dominant US brand and let Modelo Especial grow into a premium competitor.
Modelo's Number-One Spot Has Nuance
- Modelo Especial's rise to #1 reflected Bud Light's sales decline after a political backlash, not just Modelo growth.
- Modelo has concentrated state-level share and room to expand among younger and Hispanic drinkers across the U.S.
Nasdaq's Move To Stabilize Revenue
- Nasdaq bought Adenza to reduce revenue volatility by adding sticky, recurring software revenue.
- Adenza's 98% gross retention and 80% recurring revenue make it a stabilizing complement to Nasdaq's markets business.