BATRA
Atlanta Braves Holdings, Inc.43.71
-0.17-0.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.75BP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Q2 revenue up 10%
Atlanta Braves Holdings reported Q2 2025 revenue of $312 million, up 10% year-over-year, fueled by 8% baseball revenue growth to $287 million from broadcasting boosts and premium deals, while mixed-use development surged 49% to $25 million post-April real estate acquisition. Adjusted OIBDA climbed 44% to $66 million, outpacing expense rises. Cash dipped $148 million amid the buyout and capex. Revenue growth outran costs.
10-Q
Q2 FY2025 results
Atlanta Braves Holdings posted solid Q2 momentum, with total revenue climbing 10.4% y/y to $312.4M, driven by baseball event gains from premium seating and sponsorships alongside a 49.0% y/y surge in mixed-use development revenue to $25.1M, though attendance dipped slightly. Operating income swung to $41.8M from $24.9M y/y, lifting diluted EPS to $0.46 flat y/y on 63.5M shares, while YTD revenue rose 12.5% y/y to $359.7M but operating loss narrowed to $2.7M from $27.4M, with diluted EPS improving to -$0.19 from -$0.36. Cash from operations hit $87.6M YTD, funding $36.4M capex and a $93.7M real estate acquisition in April 2025 that added $68.0M in property and $25.7M intangibles amortized over 5.8-6.8 years, while free cash flow stood at $51.2M (derived). Debt totaled $703.1M with $150M revolver availability, but competition from rival teams pressures ticket pricing.
8-K
Executive PSU grants approved
Atlanta Braves Holdings' Compensation Committee approved performance stock unit awards on June 27, 2025, to key executives, including 150,000 PSUs for CEO Terence F. McGuirk, vesting from 0% to 200% based on revenue's compound annual growth rate over 2025-2027. McGuirk's compensation package sets his base salary at $1,200,000, short-term incentive target at $2,000,000, and long-term equity opportunity at $6,800,000 for 2025. These incentives tie executive rewards directly to revenue growth. Vesting requires continued employment.
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