Like other Michelob Ultra products, the Light Cider is a calorie bargain compared to other hard ciders or regular beer. Most hard ciders pack in anywhere from 190 to 250 calories per 12-ounce bottle and a regular beer is about 150 calories. The Michelob Ultra Light Cider has 120 calories. It also has just 10 grams of carbohydrates (40 calories) and its remaining calories come from the alcohol (4% alcohol by volume.) The cider is made similarly to beer, but the hops and barley are replaced with apples.