BATRA
Atlanta Braves Holdings, Inc.43.71
-0.17-0.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A evasive, reaffirms media shift
Q&A added little beyond prepared remarks, reaffirming Braves Vision's launch amid strong ticket sales and mixed-use growth. Management evaded opex/capex specifics for the platform, promising Q2 details, while clarifying streaming blackouts permit nationwide in-territory access for subscribers. Terry noted national rights renew only in 2029, with MLB eyeing aggregation. On cash flows and star-player tax deductibility under 162(m), Jill stressed reinvesting profits into team and real estate; Derek acknowledged the issue but stayed mum. Details stayed light. Investors will eye media execution and cash timing.
Key Stats
Market Cap
2.75BP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
10-K
FY2025 results
Atlanta Braves Holdings posted FY2025 revenue of $732M, up 10% y/y, with Baseball at $635M (up 7%) on stronger broadcasting but softer attendance (26,633 avg per home game vs 28,469), while Mixed-Use Development soared 45% to $97M post-April acquisition. Operating loss narrowed to $14M from $40M, boosted by 20% drop in player salaries, though $30M broadcasting contract impairment hit Q4; Adjusted OIBDA jumped to $108M. Q4 momentum faltered without postseason (unlike prior years), attendance dipped, and local broadcast deal terminated—launching in-house BravesVision for 2026. Debt stands at $739M with $100M cash; no buybacks or dividends. Poor on-field play crimps ticket sales.
8-K
Revenue up 11%, OIBDA soars 172%
Atlanta Braves Holdings reported 2025 revenue of $732M, up 11% year-over-year, with baseball at $635M (7% growth) and mixed-use surging 45% to $97M after an April acquisition. Adjusted OIBDA rocketed 172% to $108M, fueled by cost cuts in player salaries. Operating loss narrowed to $(14)M. Q4 hit by broadcasting impairment.
8-K
Braves launch owned TV network
Atlanta Braves Holdings launched BravesVision, its exclusive television network, on February 24, 2026, for the 2026 season. The team now controls production, sales, marketing, and distribution of over 140 local games across six states via providers, MLB streaming without blackouts, and OTA simulcasts. Braves seize broadcast reins. Forward-looking risks include distributor deal uncertainties and broadcasting revenue volatility.
8-K
Q3 revenue up 7%, OIBDA doubles
Atlanta Braves Holdings posted Q3 revenue of $312 million, up 7% year-over-year, with baseball at $284 million (up 4%) and mixed-use surging 56% to $27 million on new leases and an April acquisition. Adjusted OIBDA doubled to $67 million, fueled by lower player salaries and costs. Debt climbed $57 million on revolver draws. Cash dipped $14 million.
10-Q
Q3 FY2025 results
Atlanta Braves Holdings posted Q3 revenue of $311.5M, up 7.1% y/y, driven by baseball revenue climbing 4.0% to $284.4M on stronger broadcasting and events while mixed-use jumped 56.1% to $27.2M. Operating income vaulted to $38.9M from $6.4M, thanks to baseball costs dropping 6.9% y/y on lower player salaries, yet net earnings edged to $30.1M after higher interest and taxes; diluted EPS of $0.47 reconciles to 63.8M shares. Closed April 2025 real estate acquisition for $93.7M (cash), adding $68.0M tangible assets and $25.7M intangibles (5.8-6.8 years). Cash sits at $82.2M with $90M TeamCo revolver availability amid $760M total debt; operating cash flow swung to use of $1.2M (9M YTD). Revenue sharing hikes loom.
IPO
Employees
Sector
Industry
AMC
AMC Entertainment Holdings, Inc
1.93-0.04
BREA
Brera Holdings PLC
25.20+0.48
BRVO
Bravo Multinational Incorporate
0.07-0.01
GTN
Gray Media, Inc.
5.21+0.08
HOFV
Hall of Fame Resort & Entertain
0.41+0.01
KWM
K Wave Media, Ltd.
0.48-0.05
LLYVA
Liberty Live Holdings, Inc. Series A Liberty Live Group Common Stock
82.09-0.88
MDIA
Mediaco Holding Inc.
0.66-0.07
PLAY
Dave & Buster's Entertainment,
18.49-1.04
WBD
Warner Bros. Discovery, Inc. -
28.90-0.81