Peyton Manning in Bud Light's parachute ad. Bud Light Share on Facebook Share on X Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment For the perennial NFL sponsor Bud Light, Peyton Manning and a distinctly slapstick sense of humor appear to have brewed up a winning formula. The adult beverage brand, also one of the biggest advertisers in the U.S.