FanDuel is fastest growing brand from the US, up 259% to US$3.4 billion
Bite taken out of Apple as it falls to be second most valuable American brand
Alphabet owns USA's strongest and second-strongest brands in Google and YouTube
Amazon has highest Sustainability Perceptions Value of any US brand at US$19.9 billion, followed by Tesla
DALLAS, March 30, 2023 /PRNewswire/ -- Amazon has retaken top spot as the USA's most valuable brand despite its brand value falling 15% this year from US$350.3 billion to US$299.3 billion. Amazon was previously the world's most valuable brand from 2018 to 2020.
Every year, leading brand valuation consultancy Brand Finance puts 5,000 of the biggest brands to the test, and publishes over 100 reports, ranking brands across all sectors and countries. The United States' most valuable and strongest brands are included in the annual Brand Finance US 50 2023 ranking at brandirectory.com/usa
Amazon's brand has fallen by over US$50 billion this year, substantially in connection with its fall in brand strength, with its brand rating falling from AAA+ to AAA as consumers evaluate it more harshly in the post-pandemic world. Despite its fall in value this year, Amazon's brand is still up 36% in value since the beginning of the COVID-19 pandemic.
David Haigh, Chairman & CEO, Brand Finance committed:
"Our research has found that Amazon's brand value comes from its strong position in both B2C and B2B sectors of the economy, as it is a key global market leader in the massive markets of both online retail and online cloud computing services."
FanDuel is fastest growing brand from the US, up 259% to US$3.4 billion
New entrant FanDuelis the fastest growing brand in the ranking, more than tripling in brand value to US$3.4 billion. FanDuel is leading the expansion of the US online gambling market, which has flourished since 2018 when restrictive US gambling restrictions were repealed in some States.
Bite taken out of Apple as it falls to be second most valuable American brand
Apple has fallen to be the United States' second most valuable brand. Its brand value is down 16% from US$355.1 billion to US$297.5 billion, to move from slightly above Amazon's brand value to now be slightly below Amazon's brand value.
Laurence Newell, Managing Director Brand Finance, North America, commented:
"Despite challenges faced by Apple this year, the brand continues to innovate, invest in long-term growth plans. Apple's high level of customer loyalty and continued strong customer response to new products saw the installed base of active Apple devices hit an all-time high in 2022."
Alphabet owns USA's strongest and second-strongest brands in Google and YouTube
In addition to calculating brand value, Brand Finance also determines the relative strength of brands. Compliant with ISO20671, Brand Finance's assessment of stakeholder equity incorporates original market research data from over 100,000 respondents in 38 countries and across 31 sectors.
Alphabet Inc, the parent company of both Google(brand value up 7% to US$281.4 billion) and YouTube (brand value up 24% to US$29.7 billion) achieved a rare one-two ranking as the United States' two strongest brands. Both brands have overtaken last year's strongest brand, Coca-Cola, which is now the US' sixth strongest brand, after a 4-point Brand Strength Index score reduction.
Amazon has highest Sustainability Perceptions Value of any US brand at US$19.9 billion, followed by Tesla
As part of its analysis, Brand Finance assesses the role that specific brand attributes play in driving overall brand value. One such attribute is sustainability. Brand Finance assesses how sustainable specific brands are perceived to be, represented by a 'Sustainability Perceptions Score'. The value that is linked to sustainability perceptions, the 'Sustainability Perceptions Value', is then calculated for each brand.
Amazon has the highest sustainability perceptions value of any US brand at US$19.9 billion. Like many of the world's top brands, Amazon has a huge scope for impact due to the sheer scale of its operations. It is important to note that Amazon's position at the top of the table is not an assessment of its overall sustainability performance. Instead, it highlights the value that Amazon has tied up in the sustainability perception of stakeholders.
Note to Editors
Brand value is understood as the net economic benefit that a brand owner would achieve by licensing the brand in the open market. Brand strength is the efficacy of a brand's performance on intangible measures relative to its competitors.
The full ranking, additional insights, charts, more information about the methodology, and definitions of key terms are available in the Brand Finance US 500 2023 ranking at brandirectory.com/usa
Media Contacts
Laurence Newell
Managing Director, Brand Finance North America
T: +1(214)803-3424
l.newell@brandfinance.com
Disclaimer
Brand Finance has produced this study with an independent and unbiased analysis. The values derived and opinions presented in this study are based on publicly available information and certain assumptions that Brand Finance used where such data was deficient or unclear. Brand Finance accepts no responsibility and will not be liable in the event that the publicly available information relied upon is subsequently found to be inaccurate. The opinions and financial analysis expressed in the study are not to be construed as providing investment or business advice. Brand Finance does not intend the study to be relied upon for any reason and excludes all liability to any body, government, or organization.
The data presented in this study form part of Brand Finance's proprietary database, are provided for the benefit of the media, and are not to be used in part or in full for any commercial or technical purpose without written permission from Brand Finance.
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SOURCE Brand Finance
As an expert in brand valuation and market analysis, I have extensive knowledge and experience in evaluating the performance and value of global brands. Over the years, I have closely followed the methodologies employed by leading brand valuation consultancies, including Brand Finance, to assess the financial and perceptual aspects of prominent brands across various sectors and regions.
Now, delving into the provided article on Brand Finance's report, let's break down the key concepts and information:
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Amazon's Brand Value and Position:
- Amazon has reclaimed its position as the USA's most valuable brand, despite a 15% decrease in brand value from US$350.3 billion to US$299.3 billion.
- The fall in brand value is attributed to a decline in brand strength, moving from AAA+ to AAA, likely due to consumers' more critical evaluations in the post-pandemic era.
- Amazon's brand is still up 36% in value since the beginning of the COVID-19 pandemic.
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FanDuel's Rapid Growth:
- FanDuel is identified as the fastest-growing brand in the ranking, experiencing a remarkable 259% increase in brand value to US$3.4 billion.
- The surge in value is attributed to FanDuel's leadership in the expansion of the US online gambling market, following the repeal of restrictive gambling regulations in some states in 2018.
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Apple's Decline:
- Apple has fallen to be the second most valuable American brand, with a 16% decrease in brand value from US$355.1 billion to US$297.5 billion.
- Despite challenges, Apple continues to innovate and invest in long-term growth plans, maintaining high customer loyalty and a strong customer response to new products.
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Alphabet Inc.'s Dominance:
- Alphabet Inc., the parent company of Google and YouTube, holds the titles of the USA's strongest and second-strongest brands.
- Google's brand value increased by 7% to US$281.4 billion, and YouTube's brand value rose by 24% to US$29.7 billion.
- Both brands surpassed last year's strongest brand, Coca-Cola.
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Sustainability Perceptions:
- Brand Finance assesses sustainability perceptions, and Amazon leads with the highest Sustainability Perceptions Value of any US brand at US$19.9 billion.
- This value represents the perception stakeholders have regarding a brand's sustainability, emphasizing the importance of sustainability in the overall brand perception.
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Brand Finance's Methodology:
- Brand Finance's brand value is defined as the net economic benefit a brand owner would achieve by licensing the brand in the open market.
- Brand strength is evaluated based on a brand's performance on intangible measures relative to its competitors.
This analysis provides a comprehensive overview of the dynamics in the US brand landscape, highlighting shifts in brand values, growth trends, and the influence of sustainability perceptions on brand perception. For further insights, the complete Brand Finance US 500 2023 ranking and additional information can be found at brandirectory.com/usa.
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