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

$2.99B

P/E (TTM)

-127.2

47.6

Dividend Yield

52W High

$50.50

52W Low

$38.67

52W Range

76%

Rank50Top 68.9%

3.1

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.1 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$61.30M+0.00%

4-Quarter Trend

EPS

-$0.66+0.00%

4-Quarter Trend

FCF

-$74.67M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Up 10.5% Total revenue reached $732.5M in 2025, up 10.5% from $662.7M in 2024, driven by segment growth.

Mixed-Use Revenue Surges Mixed-Use Development revenue increased $30.1M to $97.4M, driven by new leases from the April 2025 Acquisition.

Adjusted OIBDA Significantly Improved Consolidated Adjusted OIBDA increased $68.1M to $107.8M in 2025, reflecting strong operational performance across segments.

Net Loss Narrowed Net loss improved $8.0M to $(23.3M) in 2025 compared to $(31.3M) loss in the prior year period.

Risk Factors

Local Broadcasting Agreement Terminated Braves Broadcast Agreement terminated in January 2026; new BravesVision platform may yield less revenue than prior deal.

Dependence on On-Field Success Financial results heavily rely on achieving on-field success; team missed 2025 postseason play, impacting revenue potential.

Significant Long-Term Debt Total debt stands at $738.6M as of December 31, 2025; future financing flexibility may be limited post-Split-Off.

Real Estate Development Risks Mixed-Use segment faces risks from tenant defaults, interest rate changes, and potential cost overruns in development projects.

Outlook

Corporate Governance Transition Complete Fully assumed responsibility for administrative functions previously provided by Liberty Media as of October 31, 2025.

New Local TV Platform Launch BravesVision multimedia platform announced to become official local television home starting with the 2026 season.

Future Employment Contract Payments Significant future cash obligations exist, with $285.8M payable under long-term employment contracts scheduled for 2026.

Real Estate Asset Integration Continued integration of April 2025 Acquisition assets, including Pennant Park office complex, expected to boost rental income.

Peer Comparison

Revenue (TTM)

$3.79B

-6.9%

CNK

$3.12B

+2.1%

LION

$2.80B

-12.5%

Gross Margin (Latest Quarter)

76.0%

-4.1pp

MGNI

66.2%

-0.0pp

IAC

65.0%

-3.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
SPHR	$3.81B	112.9	1.5%	22.8%
CNK	$3.03B	21.8	25.8%	85.3%
BATRA	$2.99B	-127.2	-4.5%	51.8%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

9.1%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:May 11, 2026

EPS:-$0.76

Revenue:$63.02M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data