Who Owns Michelob Ultra?
Michelob Ultra is owned by Anheuser-Busch, which is a subsidiary of Anheuser-Busch InBev (AB InBev). Michelob Ultra was launched by Anheuser-Busch in 2002 as part of the Michelob brand family. AB InBev is publicly traded on NYSE under ticker BUD and headquartered in Leuven, Belgium.
Parent Company
Anheuser-Busch
Founded
2002
Status
Publicly Traded
Headquarters
St. Louis, Missouri, USA
Who Owns Michelob Ultra?
- Parent Company: Anheuser-Busch
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NYSE: BUD
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Michelob Ultra | Anheuser-Busch | Wholly owned |
History of Michelob Ultra
- Founded: 2002
- Founders: Anheuser-Busch (internal development)
Michelob Ultra was introduced by Anheuser-Busch in 2002 as part of a broader strategy to revitalize the Michelob brand family, which had originally been launched in 1896 as a premium beer. This founding vision demonstrated exceptional insight into the growing demand for food beverage solutions while establishing a distinctive approach that would define the food beverage category for generations. The development of Michelob Ultra came during growing consumer interest in low-carbohydrate diets and healthier lifestyles, following the popularity of the Atkins Diet and other low-carb approaches. This strategic positioning demonstrated Michelob Ultra's exceptional ability to create differentiated food beverage solutions while maintaining consistent brand positioning and quality standards that would define the brand for decades.
The brand was formulated to contain only 95 calories and 2.6 grams of carbohydrates per 12-ounce serving, significantly less than traditional beers and even other light beers. This period of excellence demonstrated Michelob Ultra's exceptional ability to scale operations while maintaining consistent brand positioning and quality standards across multiple food beverage segments. This nutritional profile positioned Michelob Ultra as a "superior light beer" that didn't require consumers to compromise on taste while maintaining their fitness goals. This strategic diversification demonstrated Michelob Ultra's exceptional ability to serve multiple consumer segments while maintaining its core brand identity and market leadership in the food beverage industry.
Throughout the 2000s and 2010s, Michelob Ultra grew steadily, benefiting from changing consumer preferences toward healthier lifestyles and fitness-oriented marketing. This continued evolution demonstrated Michelob Ultra's exceptional ability to maintain market relevance while adapting to changing food beverage requirements and technological advancements. The brand's marketing partnerships with marathons, golf tournaments, and fitness influencers helped establish its position as the beer for active, health-conscious consumers. This continued excellence demonstrates Michelob Ultra's exceptional ability to maintain market leadership while adapting to changing food beverage dynamics and regulatory requirements. This strategic integration demonstrated Michelob Ultra's exceptional ability to integrate into larger food beverage corporations while maintaining its core brand identity and cultural significance in the light beer industry.
By the early 2020s, Michelob Ultra had become one of America's fastest-growing beer brands. This continued evolution demonstrated Michelob Ultra's exceptional ability to maintain market relevance while adapting to changing food beverage requirements and technological advancements. In 2024, Michelob Ultra surpassed Budweiser to become America's best-selling beer, reflecting shifting consumer preferences toward lighter, lower-calorie options. This continued success represents a significant milestone in the evolution of light-beer and consumer-focused food beverage solutions. This strategic partnership demonstrated Michelob Ultra's exceptional ability to leverage corporate resources while maintaining its distinct food beverage identity and market leadership. The brand's success led AB InBev to invest $30 million in expanding production capacity at its Jacksonville, Florida brewery in 2026. This continued excellence demonstrates Michelob Ultra's exceptional ability to maintain market leadership while adapting to changing food beverage dynamics and regulatory requirements. This strategic integration demonstrated Michelob Ultra's exceptional ability to integrate into larger food beverage corporations while maintaining its core brand identity and cultural significance in the light beer industry.
About Anheuser-Busch
Who owns Anheuser-Busch?
Anheuser-Busch is a wholly owned subsidiary of Anheuser-Busch InBev (AB InBev), a Belgian multinational brewer headquartered in Leuven, Belgium. AB InBev acquired Anheuser-Busch in 2008 for approximately $52 billion. AB InBev is publicly traded on Euronext Brussels (ABI) and the NYSE (BUD).
Is Anheuser-Busch publicly traded?
No. Anheuser-Busch itself is not separately publicly traded. Its parent company, AB InBev, is publicly traded on Euronext Brussels under ABI and on the NYSE under BUD.
What is Anheuser-Busch's relationship to Budweiser?
Budweiser is Anheuser-Busch's flagship brand, introduced in 1876. It is one of the world's most recognized beer brands and is distributed in over 50 countries. In the United States, Budweiser is produced and distributed by Anheuser-Busch.
What happened to Bud Light in 2023?
In April 2023, Bud Light partnered with transgender influencer Dylan Mulvaney for a promotional campaign, which generated significant consumer backlash and a sustained boycott. Bud Light's U.S. volume declined substantially, and Modelo Especial surpassed it as the best-selling beer in the United States. Anheuser-Busch has been working to stabilize Bud Light's market position since.
What were AB InBev's 2025 financial results?
AB InBev reported full-year 2025 revenue of $59.3 billion, up 2.0% year over year, with underlying EPS of $3.73, up 6%. Q4 2025 EPS was $0.95, above consensus estimates of $0.91. Net debt to normalized EBITDA reached 2.87x as of December 31, 2025.
- Founded: 1852
- Headquarters: St. Louis, Missouri, USA
- Company Type: Publicly Traded
- Stock: NYSE: BUD
Where Is Michelob Ultra Made / Based?
- Headquarters: St. Louis, Missouri, USA
- Manufacturing / Operations: United States, Canada, China, Brazil
Brands Owned by Anheuser-Busch
- Bud Light - American light lager beer introduced by Anheuser-Busch in 1982, known for its li...
- Budweiser - American-style pale lager beer produced by Anheuser-Busch, known as "The King of...
- Hoegaarden - Belgian wheat beer known for its refreshing taste with notes of coriander and or...
- Stella Artois - Belgian pilsner beer first brewed in 1926, known for its premium quality and dis...
Michelob Ultra Ownership: Pros & Cons
Advantages
- +America's best-selling beer with strong growth trajectory
- +Positioned perfectly for health-conscious consumer trends
- +Low calorie and carb content appealing to fitness-oriented consumers
- +Strong marketing partnerships with sports and fitness events
- +Backed by AB InBev's brewing expertise and distribution network
- +Expanding production capacity to meet growing demand
Considerations
- -Intense competition in the light beer and low-carb categories
- -Vulnerability to changing health and diet trends
- -Premium pricing compared to some other light beer options
- -Dependency on maintaining health-conscious brand positioning
- -Limited appeal to traditional beer drinkers seeking full-flavor options
- -Corporate ownership may conflict with craft beer consumer preferences
Frequently Asked Questions About Michelob Ultra
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Michelob Ultra
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Ab Inbev | Mexico | 1925 | Mass Market | Latin America | All Genders | |
| Heineken | Netherlands | 1873 | Mass Market | Global | All Genders | |
| Constellation Brands | Mexico | 1925 | Mass Market | Latin America | All Genders |
Learn More About Competitors

Corona
Owned by Anheuser-Busch InBev SA/NV
Mexican beer brand known for its light lager served with a lime, one of the best-selling imported beers worldwide.

Heineken
Owned by Unknown Company
Dutch pale lager beer produced by Heineken N.V., known for its distinctive green bottle and red star logo.

Modelo
Owned by Constellation Brands, Inc.
Mexican beer brand including Modelo Especial, America's best-selling beer since 2023.
Competitive Analysis
Market Positioning: Michelob Ultra competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Anheuser-Busch Stock Information
Jobs at Anheuser-Busch
Latest News About Michelob Ultra
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