Anheuser-Busch, one of Americas most iconic companies and the undisputed leader of the U.S. beer industry, owns Bud Light. Anheuser-Busch is a subsidiary of Anheuser-Busch InBev SA/NV, the worlds largest brewing company, which owns multiple global brands. Despite a social media-driven boycott of Bud Light in the US, AB InBev, the parent company of Anheuser-Busch, beat profit expectations during a quarter that saw a decline in sales of Bud Light.