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Atlanta Braves Holdings, Inc.

Atlanta Braves Holdings, Inc.

NASDAQ•BATRA
CEO: Mr. Terence Foster McGuirk
Sector: Communication Services
Industry: Entertainment
Listing Date: 2016-04-18
Atlanta Braves Holdings, Inc., through its subsidiary, Braves Holdings, LLC, owns and operates the Atlanta Braves Major League Baseball Club. It also owns the mixed-use real estate development, the Battery Atlanta, as well as operates the Atlanta Braves Major League Baseball Club's stadium, Truist Park. The company was incorporated in 2022 and is headquartered in Atlanta, Georgia.
Contact Information
Truist Park, 755 Battery Avenue, Atlanta, GA, 30339, United States
404-614-2300
www.bravesholdings.com
Market Cap
$2.67B
P/E (TTM)
-2552.6
51.4
Dividend Yield
--
52W High
$50.50
52W Low
$38.67
52W Range
34%
Rank57Top 72.6%
2.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$311.54M+7.18%
4-Quarter Trend

EPS

$0.48+200.00%
4-Quarter Trend

FCF

-$96.38M+731.42%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Nine Months Total revenue $671.2M, increasing $60.6M versus prior nine months period results reported.
Operating Income Reversal Operating income $36.3M, successfully reversing prior period $21.0M operating loss for nine months.
Net Earnings Achieved Net earnings attributable to shareholders $18.1M, shifting from $12.1M net loss year prior.
Positive Operating Cash Flow Cash flow from operations $18.2M, a significant improvement from $12.1M cash used in 2024.

Risk Factors

Long-Term Debt Increased Long-term debt grew $142.2M to $655.1M, increasing financial obligations substantially since year-end.
Revenue Highly Seasonal Majority of revenue is seasonal, concentrated in Q2 and Q3 aligning with the baseball schedule.
Real Estate Business Risks Real estate segment faces inherent risks including tenant defaults and liquidity of real estate investments.
Post-Transition Operations Full assumption of administrative functions post-Liberty services agreement termination effective October 31, 2025.

Outlook

Completed Asset Acquisition Closed $93.7M asset acquisition in April 2025, adding real estate assets to Mixed-Use portfolio.
Segment Performance Focus Performance evaluation centers on Baseball and Mixed-Use segments using Adjusted OIBDA metric.
Future Revenue Commitments Expecting $349.5M revenue recognition in 2026 from long-term undelivered performance obligations.
Sufficient Liquidity Expected Available liquidity sources deemed sufficient to cover projected future uses of cash requirements.

Peer Comparison

Revenue (TTM)

iQIYI, Inc.IQ
$3.76B
-10.6%
Cinemark Holdings, Inc.CNK
$3.15B
+9.7%
Lionsgate Studios Corp.LION
$2.78B
-6.7%

Gross Margin (Latest Quarter)

Manchester United plcMANU
100.0%
+0.0pp
Weibo CorporationWB
76.0%
-4.1pp
IAC Inc.IAC
64.8%
-7.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SPHR$3.39B33.34.5%24.2%
IAC$3.26B-14.1-4.5%19.9%
MANU$2.75B-47.0-22.4%43.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
81.5%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 25, 2026
|
EPS:-$0.74
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $311.54M+7.2%
    |
    EPS: $0.48+200.0%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $312.44M+10.5%
    |
    EPS: $0.47+0.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $47.21M+27.3%
    |
    EPS: $-0.85+2.4%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 3, 2025|
    Revenue: $662.75M+3.4%
    |
    EPS: $-0.50+75.4%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $290.67M+6.9%
    |
    EPS: $0.16-260.0%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $282.88M+4.7%
    |
    EPS: $0.47-200.0%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $37.08M+19.6%
    |
    EPS: $-0.83-13.5%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $640.67M+9.0%
    |
    EPS: $-2.03-262.5%
    Miss