Performance Brand-Building Case Studies

The industry thinks what we’re doing is wrong. These six case studies prove it’s not — and that no one else is getting results like this because no one else is doing this.

Performance Brand-Building Drives Better Results in the Long Term AND the Short Term

Contribution margin (total revenue − product costs − ad spend) measures the dollars your business actually keeps. It’s the clearest measure of whether growth is profitable — and it’s how we hold ourselves accountable.

We're Operators, Not Theorists

  • Losing money for six months while waiting for brand to "kick in" is not a luxury any business owner has
  • In every case where we've taken over, we've seen immediate improvement — not loss
  • We start brand conservatively and expand as results confirm

Better Allocation, Not Added Budget

  • Right-size retargeting and reduce over-serving to existing customers
  • Orient spend toward incremental new customer growth
  • Contribution dollars and margin growth have improved within the first month across our clients

Brand IS Better Performance

  • These results come from a proprietary brand-building playbook — not traditional direct response
  • Brand campaigns drive stronger incremental ROAS than anything on the DR side
  • Measurement infrastructure captures brand campaign impact in real time — not quarterly. Every campaign is optimized as data comes in, which is why the results are both large and repeatable
  • The data below proves it across every customer, in both short and long term

Results at a Glance — by Brand

Every result below was driven by top-of-funnel brand-building campaigns — not traditional direct response. Replicated across multiple brands and categories. This is the proprietary brand-building playbook replicated across every Marathon customer.

Short-Term Results

Premium Denim (~$75M)
Contribution Margin +68% YoY

In six weeks: contribution margin grew +68% year-over-year on a multimillion-dollar weekly base. YoY comp accelerated from +22% to +68%. New customer revenue flipped from six consecutive weeks negative to positive by week four.

Better-for-You Wellness CPG
Brand Search +78%

Pre-campaign avg 497/day → week of Mar 9 avg 883/day. Steady growth every month since campaign start. YoY reversed from -50% to +70%. Follower growth 341x.

Heritage Footwear Brand (~$50M)
Brand Search 2.25x

~6K→~14K organic branded search impressions per day in under two months. CM +37% YoY. Revenue +20% YoY.

Long-Term Incrementality Test Results

~$40M Food & Bev
1.93x Incremental ROAS

6-month causal holdout. Platform showed 0.91x blended ROAS for DR during the same period. Revenue lift over 2x higher than all of direct response. Brick-and-mortar lift 2x larger than e-commerce.

Outdoor Gear (Wholesale)
2.5x Incremental

Causal holdout at major retailer proves brand building materially drives wholesale. 2.5x incremental ROAS in brick and mortar on brand media alone.

Beauty & Skincare (~$100M)
2.39x Incremental

97% confidence across Shopify, Amazon, and TikTok Shop. Higher incremental return than every DR tactic tested in the same period. Brand searches +129% YoY.

What We Heard From the Industry — and What the Data Actually Shows

What the Industry Says

  • Brand investment means adding budget on top of what you’re already spending
  • There will be months of losses before any payoff materializes — it’s a long-term play
  • Performance media means direct response — top-of-funnel doesn’t drive measurable returns
  • No one has proven this works at scale — results like these are a one-off that cannot be replicated

What the Data Actually Shows

  • Top-of-funnel brand campaigns drive stronger incremental ROAS than direct response — proven across multiple brands by rigorous causal holdout tests
  • Contribution margin improves in weeks because the least efficient DR dollars are reallocated first — no budget added
  • Brand searches, new customer acquisition, and community growth respond in days and weeks, not months
  • The results have been replicated across multiple brands, categories, and channels — it is not a one-off

Every incrementality result below was measured by direct response standards — the hardest standard there is. The brand perspective upside is additive: while driving incremental revenue, these campaigns simultaneously build audience, brand searches, and baseline. A 2x return on brand spend is fundamentally more valuable than a 2x return on DR spend — the brand version compounds.

The Evidence, Brand by Brand

Every metric is sourced. Every claim is verified.

Case Study 1  ·  Premium Performance Denim Brand  ·  ~$75M Revenue  ·  DTC + Retail + Wholesale
Where They Started

The Starting Point

Total Revenue
Volatile

Up and down week to week — inconsistent YoY comps with no clear growth trajectory

New Customer Revenue
Down YoY

Significant negative comps on new customer acquisition — the engine of future growth was stalled

Contribution Margin %
~18%

A lot of wasted ad spend — heavy investment across Google brand keywords, CTV, podcast, and Reddit with diminishing returns

Decision Framework
Gut Feel

No contribution margin visibility, no incrementality measurement, budget decisions made on platform ROAS

“It’s not formulaic. It’s a gut decision.” — VP Marketing, December 2025

What We Changed

Smart Reallocation, Not Added Budget

Increasing Reach to New Audiences

Right-sized retargeting and retention spend (diminishing returns) and reallocated into campaigns designed to reach new people who don't know the brand yet. More top-of-funnel reach, less recycling the same audience.

Brand-Centric Creative Across the Whole Funnel

Creative that reinforces who the brand is at every stage — not generic direct response ads that could have come from any brand.

Systematic Brand Campaigns, Measured by Business Results

Launched systematic brand campaigns held accountable by contribution margin, brand searches, and new customer revenue — not in-platform ROAS. Weekly measurement from day one, with clear thresholds for scaling.

Same budget, better allocation. The top-of-funnel brand-building campaigns replaced the least efficient DR dollars — not supplemented them. And because these are performance brand-building campaigns, the returns don’t stop when the ad does. They compound through brand searches and baseline revenue that no direct response campaign can build.

Results Since Takeover

+68% CM$ YoY — Biggest Positive Comp on Record

Weekly Contribution Margin $
+68% YoY

+68% year-over-year growth on a multimillion-dollar weekly contribution base — the biggest positive comp on record.

Contribution Margin %
18% → 25.9%

From 18% (prior year) to 25.92% — the highest CM% for any week on record. CM% YoY growth went from roughly flat in January to +44% in March.

New Customer Revenue
Negative → Positive

6 straight weeks negative YoY (Jan 19 – Feb 23). Flipped positive Mar 02 (+11% YoY, $226.53K) and Mar 09 (+4.7%, $220.34K) — both above $220K for the first time since December.

DTC Revenue
Up Every Week

Every single week of DTC e-commerce revenue has been up YoY since Marathon took over. Last week was the biggest positive comp of the year.

CM$ Trend (Weekly)
No WoW Decline

Seven consecutive weeks of CM$ growth with no meaningful week-over-week decline across the entire engagement period.

CM$ YoY Growth
~15% → ~65%

Monthly average CM$ YoY growth accelerated from ~15% in January to ~65% in March — a 4x acceleration in growth rate

No trough. No revenue drop. These results came from top-of-funnel brand-building campaigns — not more direct response spend. From the first week, the negative new customer revenue comp started closing. By week four it was positive. Contribution margin has grown every single week — because the dollars reallocated into brand campaigns were already the least efficient in the account. Not a launch-and-hope approach. Every other agency said this doesn’t work. This is what actually happened.

Case Study 2  ·  Better-for-You Wellness CPG Brand  ·  DTC + Retail

Brand Search Up 78% Since January

Daily Branded Searches
497 → 883/day

Pre-campaign baseline (Jan 1–21): 497/day. Week of Mar 9: 883/day (+78%). Steady upward trend every week since campaign start. YoY reversed from -50% to +70%.

Social Following
341x Growth

From ~2 new followers/day in January to 683/day by March

Daily Social Shares
+629%

22 shares/day → 161 shares/day in two months

Brand search is the leading indicator of a sustainable growth engine. These results came from top-of-funnel performance brand-building campaigns. The brand was trending -50% YoY on branded search when we started. Ten weeks of brand-building campaigns later: +70%. Not a launch-and-hope approach. DR spend buys a click that disappears tomorrow. Performance brand-building builds compounding search volume that keeps lowering acquisition cost long after the campaign ends.

Case Study 3  ·  Heritage Footwear Brand  ·  ~$50M Revenue  ·  DTC

Brand Search More Than Doubled Since Mid-January

Brand Search Volume
2.25x

Organic branded search impressions grew from ~6K/day (mid-January) to ~14K/day (mid-March) — a 125% increase in under two months

Contribution Margin YoY
+37%

Contribution margin dollars growing at +37% year-over-year while the brand campaigns scale

Weekly Revenue
+20% YoY

$1.49M weekly revenue, trending up every week since engagement start

This engagement started in mid-January 2026 — less than two months ago. These results came entirely from top-of-funnel brand-building campaigns. Organic branded search has more than doubled in under two months. Contribution margin is up 37% YoY. These are current results — not projections. Unlike direct response, these brand search gains persist and compound. Every search is a customer who finds you without being targeted.

Case Study 4  ·  ~$40M Multichannel Lifestyle Food & Beverage Brand  ·  DTC + Major Retailer

$720K Incremental Revenue — Proven by Causal Holdout

Adjusted Incremental ROAS
1.93x

Every $1 of brand spend returned $1.93 in proven incremental revenue. 90% CI: 1.45x – 2.41x — entire range above breakeven.

vs. Direct Response
2.1x Higher

Brand incremental ROAS was 2.1x higher than the blended in-platform DR ROAS (0.91x) during the same period. Brand outperformed DR by every measure.

Retail vs. E-Commerce
2x Larger in Retail

Brand is profitable in e-commerce, but twice as profitable in building wholesale. Incremental retail lift was 2x larger than DTC — revenue you cannot reach with direct response ads.

This is a 6-month causal geo-holdout — the most rigorous test available. These were exclusively top-of-funnel brand-building campaigns. The platforms said 0.91x. The real return was 1.93x. And here’s what makes this fundamentally different from DR: while generating that 1.93x incremental return, these brand campaigns were also building brand searches, growing the audience, and lifting retail sales in channels with zero ad targeting. No direct response campaign does that. This is the proprietary brand-building playbook — and it outperformed everything on the DR side by every measure.

Case Studies 5 & 6  ·  Cross-Channel Validation

The Results Replicate Across Categories and Channels

Both results below came from top-of-funnel brand-building campaigns only — no DR. Both outperformed direct response by every measured standard. Two more data points proving this is not a one-off. More case studies are being added continuously.

Global Outdoor Gear Brand  ·  Wholesale + DTC
Causal Revenue Lift at Major Retailer
2.5x

Geo-holdout test measuring brand campaign impact on wholesale sell-through at a major outdoor retailer, excluding all DTC channels. Brand building materially drives wholesale — revenue you cannot reach with direct response.

~$100M Beauty & Skincare Brand  ·  Multi-Channel
Adjusted Incremental ROAS
2.39x

6-month geo-holdout across Shopify, Amazon, and TikTok Shop. 97% statistical confidence that spend is profitable.

vs. Direct Response
Higher Than All DR

Marathon’s brand holdout generated a higher incremental return than every DR tactic they ran incrementality studies against. Four independent tests — Marathon holdout, Meta test, two CTV lift studies. Brand outperformed DR across the board.

How We Get Started

Weeks 1–2
Foundation
  • Pixel & data audit — validate billing, tracking, and everything passing to ad platforms. No conflicts or under-firing.
  • Validate and define all audience segments optimized for incremental new customer growth
  • Campaign structure custom-tailored to your business category, stage, and channel mix
Weeks 2–4
Launch
  • Top & upper-mid funnel campaigns live across Meta, YouTube, and TikTok
  • 30-day model trainer with holdout data completes the tuning of the Marathon brand model with causal data
  • Brand-building creative across the whole funnel — memory structures and creative diversity from day one
Day 30
Model Live
  • Marathon model goes live — fully populated with causal and statistical data, retraining weekly, updated daily
  • Brand budgets start conservatively and scale as they earn more budget — backed by the data to support every dollar
  • Creative feedback loop on what drives incrementality and brand value at every funnel stage
Day 30+
Scale & Capture
  • Scale what works — validated by volume growth, organic sessions, and behavioral confirmation
  • Creative iteration with true diversity — more shots on goal, not just DR variations
  • Larger funnel ready to capture demand — more people who already know and trust the brand

By day 60, you’re less dependent on the auction — because you’ve built a fundamentally larger body of people who proactively seek you out before they ever see a direct response ad. And the data is clear: this isn’t a sacrifice. Across every client, contribution margin improves in weeks, not months. The full funnel performs better than bottom-funnel spend alone — immediately.

The Information Is Public. The Execution Isn't.

The Research
Decades of Evidence

The case for brand-building is not new. Binet & Field, Les Binet, Byron Sharp — the academic evidence has existed for decades. Share of search predicts share of market. Brand investment compounds. The research is public.

  • Top-of-funnel reach drives brand search, and brand search drives revenue
  • Brands that stop building eventually pay more to acquire the same customers
The Gap
Knowing vs. Doing

Most brands know brand matters. Almost none can measure it in a way that justifies the investment to a CFO — so they keep defaulting to what's measurable: direct response. The measurement gap is the execution gap.

  • Without measurement, brand budgets are defended by opinion, not data
  • Without measurement, no one knows whether it's working until it's too late
The Difference
Proof at Every Step

Marathon closes the measurement gap. Every campaign is held accountable by contribution margin, brand searches, and causal incrementality — not in-platform ROAS. That's what makes the execution different.

  • Results are visible in weeks, not quarters — because we measure what moves first
  • Every dollar scales because the data says it should, not because someone thinks it will

This is better performance — not a tradeoff. The measured incrementality on brand campaigns consistently exceeds DR in every account we manage. Creative diversity brings in full-price brand buyers instead of discount shoppers and builds a compounding demand engine that no direct response campaign can replicate. Marathon built a proprietary playbook to execute this at scale — and your business performs better because of it, today and long-term.

What This Builds

What We Measure

We are triangulators. That’s our job.

  • Brand Value & Incrementality — iROAS on new audiences, conversion lift, holdout vs. exposed
  • Reach & New Audiences — spend to new audiences, cost per thousand accounts reached, reach growth
  • Brand Searches — branded organic search volume, the leading indicator of compounding demand
  • Engagements Across the Funnel — brand actions, community growth, engagement rate by funnel stage

Creative That Compounds

Immediate signal on what drives both incrementality and brand value. More toward brand value at the top, more toward demand capture at the bottom — but we want both working at every stage.

The Compounding Effect

Every dollar of brand investment creates people who come to you without ever seeing or clicking a direct response ad. They search the brand. They memorize the URL. They come directly.

This stream of revenue grows and compounds over time — reducing dependence on the auction, increasing optionality, and growing owned audiences.

One client saw contribution dollars up 60% in 80 days. Another hit seven consecutive weeks of CM$ growth with no decline. This isn't a long-term bet — it pays out in weeks.

What Success Looks Like

A fundamentally larger funnel of people who already know and trust your brand — less dependence on the auction, more control over your own growth.

That means: More demand to capture, less cost to capture it, higher margins, and a growth engine that keeps compounding after the holiday.

The Results Are in the Data.

Across every Marathon customer — denim, wellness, footwear, food & beverage, outdoor gear, beauty — the pattern is the same. Top-of-funnel performance brand-building campaigns drive stronger incremental ROAS than anything on the DR side. No short-term loss. No trough. Results in weeks. These results were not accidents — they were produced by a proprietary brand-building playbook built on rigorous measurement and real-time optimization. The opposite of the traditional "launch and check back in six months" approach. More case studies are being added continuously.

Immediate Improvement

Every brand saw contribution margin, revenue, and new customer acquisition improve from the first weeks — driven by top-of-funnel brand campaigns, not more DR spend

No Short-Term Loss

Zero brands experienced a revenue drop or contribution margin decline. Not one. This is what no other agency believes — and what this data proves.

Brand Outperforms DR — Every Time

1.93x–2.39x incremental return on brand campaigns alone — higher than every DR tactic tested in the same accounts, proven by 6-month causal holdout tests at 90–97% confidence