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Atlanta Braves Holdings Inc Class A (BATRA)
NASDAQ:BATRA
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Atlanta Braves Holdings Inc Class A
(NASDAQ:BATRA)
Select Model
Select Model
Rating:58Neutral
Price Target:
$44.00
▲(2.21% Upside)
The overall stock score of 58 reflects strong revenue growth and positive sentiment from the earnings call, but is weighed down by ongoing profitability challenges, high leverage, and bearish technical indicators. The negative P/E ratio and lack of dividend yield further impact the valuation negatively.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.
Mixed-Use Development
Growth in mixed-use development diversifies revenue streams, reducing reliance on baseball operations and enhancing financial resilience.
Media Partnerships
Strong media partnerships expand audience reach and brand visibility, potentially increasing future revenue and fan engagement.
Negative Factors
Profitability Challenges
Ongoing profitability issues can limit reinvestment opportunities and affect long-term growth and shareholder returns.
High Leverage
High leverage increases financial risk, potentially impacting the company's ability to fund operations and growth initiatives.
Failure to Make Playoffs
Missing the playoffs can affect team morale and fan engagement, potentially impacting future ticket sales and revenue.
Atlanta Braves Holdings Inc Class A (BATRA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.52B
Dividend YieldN/A
Average Volume (3M)45.26K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth6.62%
EPS Growth97.35%
CountryUS
Employees1,450
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.47
Shares Outstanding10,318,187
10 Day Avg. Volume55,584
30 Day Avg. Volume45,264
Financial Highlights & Ratios
PEG Ratio1.08
Price to Book (P/B)4.87
Price to Sales (P/S)3.85
P/FCF Ratio-36.77
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue4.89
Enterprise Value/Gross Profit16.64
Enterprise Value/Ebitda31.49
Forecast
1Y Price Target
$67.00Price Target Upside55.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.16
Revenue Forecast (FY)$767.29M
Atlanta Braves Holdings Inc Class A Business Overview & Revenue Model
Company DescriptionAtlanta Braves Holdings, through its wholly-owned subsidiary Braves Holdings, LLC, indirectly owns the Atlanta Braves Major League Baseball club and the associated mixed-use development project, The Battery Atlanta.
How the Company Makes MoneyThe company generates revenue through multiple streams, primarily from ticket sales for home games, which is a significant portion of its income. Additional revenue comes from broadcasting rights, which include local and national television deals that provide substantial financial support. Merchandise sales, including team apparel and memorabilia, also contribute to revenue. Furthermore, Atlanta Braves Holdings benefits from sponsorship and advertising partnerships with various businesses, which enhance brand visibility and provide additional income. The operation of Truist Park for events beyond baseball season, such as concerts and community events, also adds to the revenue streams, showcasing the company's multifaceted approach to generating earnings.
Atlanta Braves Holdings Inc Class A Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down total revenue into specific business segments, revealing which areas are driving growth and where there might be challenges or opportunities.
Breaks down total revenue into specific business segments, revealing which areas are driving growth and where there might be challenges or opportunities.
Data provided by:
The Fly
The FlyAtlanta Braves Holdings Inc Class A Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Positive
The call highlighted strong financial performance and strategic growth in mixed-use development and media partnerships, despite the disappointment of not making the playoffs and challenges with player injuries. The sentiment is positive, with a focus on future growth and strengthening the team.Q3-2025 Updates
Positive Updates
Rookie Drake Baldwin's Breakout Season
Rookie Drake Baldwin hit .274 with 19 home runs and 80 RBIs, becoming the first Braves' catcher to debut as an opening day starter and a top contender for Rookie of the Year.
Record-Breaking Ticket Sales and Sponsorship Revenue
Despite on-field challenges, the Braves delivered record-breaking ticket sales and sponsorship revenue, with the fourth highest number of tickets sold in the past 25 years.
Mixed-Use Development Revenue Surge
The mixed-use development revenue saw a 56% increase compared to the prior year period, reaching $27 million, driven by the performance of the Pennant Park acquisition and strong leasing activity.
Overall Revenue Growth
Total revenue for Q3 2025 was $312 million, up over 7% from $291 million in Q3 2024, with baseball revenue at $284 million and mixed-use development revenue at $27 million.
Strong Media Partnerships and Ratings
Partnerships with FanDuel Sports Networks and Gray Media resulted in strong ratings, with extended broadcast opportunities allowing more fans to watch games.
Gold Glove Award for Matt Olson
Matt Olson was awarded his first Gold Glove as a Brave and third in his MLB career, representing the Braves in the Home Run Derby during the All-Star week.
Negative Updates
Failure to Make Playoffs
In a rare year, the Braves did not make the playoffs, despite the strong brand and fan support.
Attendance Moderation
Attendance moderated in late August and September, primarily from lower single-game tickets, although demand for season, group, and hospitality package offerings remained robust.
Player Injuries Impact Performance
The team saw significant time lost by pitchers due to injuries, affecting on-field performance, although this did provide opportunities to assess young talent.
Company Guidance
During the Atlanta Braves Holdings Third Quarter Earnings Call, management provided several key metrics and updates. Rookie Drake Baldwin had a standout season, batting .274 with 19 home runs and 80 RBIs, making him a strong contender for Rookie of the Year. Chris Sale reached a milestone, becoming the fastest MLB pitcher to achieve 2,500 strikeouts. Matt Olson played all 162 games, led the team with a 6.1 WAR, and won a Gold Glove Award. The Braves sold over 2.9 million tickets in 2025, ranking them in the top ten in MLB for the fifth consecutive year. The organization also saw a 56% increase in mixed-use development revenue, generating $27 million in the third quarter, primarily due to the acquisition of Pennant Park and strong leasing activity. Adjusted OIBDA rose by 113% to $67 million from the previous year, with total revenue reaching $312 million, up 7% from 2024. The Braves also announced a 10-year extension with Delaware North for food and beverage services and remain focused on optimizing ticket pricing and enhancing the fan experience.Atlanta Braves Holdings Inc Class A Financial Statement Overview
Summary
Atlanta Braves Holdings Inc Class A is experiencing strong revenue growth, particularly in the latest TTM period, but profitability remains a challenge with negative net income margins. The balance sheet shows high leverage, which poses a risk, although the asset base is stable. Cash flow generation has improved significantly, which is a positive sign for future financial stability.Income Statement
The company has shown significant revenue growth, particularly in the TTM period with a 113.08% increase. However, profitability remains a concern with negative net profit margins and fluctuating EBIT and EBITDA margins. The gross profit margin has improved over time, indicating better cost management.65
Positive
Balance Sheet
The debt-to-equity ratio has improved slightly but remains relatively high, indicating leverage risk. The return on equity is negative, reflecting ongoing profitability challenges. However, the equity ratio is stable, suggesting a solid asset base.60
Neutral
Cash Flow
The company has achieved impressive free cash flow growth in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is positive, showing better cash conversion, although the free cash flow to net income ratio suggests room for improvement.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 723.31M | 662.75M | 640.67M | 588.56M | 563.72M | 178.00M |
| Gross Profit | 212.81M | 148.84M | 149.44M | 152.06M | 187.37M | 178.00M |
| EBITDA | 112.45M | 20.14M | 22.05M | 42.58M | 90.27M | -59.00M |
| Net Income | -1.04M | -31.27M | -125.29M | -34.17M | -13.01M | -78.00M |
Balance Sheet | ||||||
| Total Assets | 1.67B | 1.52B | 1.50B | 1.49B | 1.64B | 1.57B |
| Cash, Cash Equivalents and Short-Term Investments | 82.24M | 110.14M | 125.15M | 150.66M | 142.00M | 151.00M |
| Total Debt | 867.98M | 720.97M | 672.86M | 649.19M | 697.00M | 670.00M |
| Total Liabilities | 1.10B | 987.62M | 963.69M | 1.19B | 1.34B | 1.28B |
| Stockholders Equity | 560.29M | 524.18M | 528.60M | 299.51M | 296.00M | 291.00M |
Cash Flow | ||||||
| Free Cash Flow | -28.33M | -69.38M | -67.41M | 35.68M | 27.00M | -136.00M |
| Operating Cash Flow | 27.73M | 16.63M | 1.63M | 53.35M | 62.00M | -55.00M |
| Investing Cash Flow | -149.76M | -86.31M | -69.05M | 52.57M | -25.00M | -77.00M |
| Financing Cash Flow | 120.63M | 44.56M | 32.33M | -177.22M | 22.00M | 105.00M |
Atlanta Braves Holdings Inc Class A Technical Analysis
Positive
43.05
Price Trends
42.92
Positive
43.40
Positive
44.79
Negative
Market Momentum
0.19
Negative
64.80
Neutral
95.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BATRA, the sentiment is Positive. The current price of 43.05 is below the 20-day moving average (MA) of 43.05, above the 50-day MA of 42.92, and below the 200-day MA of 44.79, indicating a neutral trend. The MACD of 0.19 indicates Negative momentum. The RSI at 64.80 is Neutral, neither overbought nor oversold. The STOCH value of 95.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BATRA.
Atlanta Braves Holdings Inc Class A Risk Analysis
Atlanta Braves Holdings Inc Class A disclosed 45 risk factors in its most recent earnings report. Atlanta Braves Holdings Inc Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
As we begin transitioning away from services previously provided by Liberty, we may fail to replicate or replace certain functions, systems and infrastructure in a timely fashion, or at all, and may lose benefits from Liberty's global contracts. Q3, 2024
Atlanta Braves Holdings Inc Class A Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $2.92B | 88.28 | ― | ― | 0.68% | -80.73% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $2.52B | -1,654.89 | -0.19% | ― | 6.62% | 97.35% | |
58 Neutral | $2.78B | 23.03 | 32.60% | 1.45% | 9.70% | -31.62% | |
52 Neutral | $650.95M | -542.49 | 0.17% | ― | -4.07% | -100.72% | |
51 Neutral | $6.82B | -288.13 | ― | ― | -1.16% | -133.74% | |
45 Neutral | $3.05B | -56.79 | -23.63% | ― | 5.69% | 52.32% |
* Communication Services Sector Average
BATRA
Atlanta Braves Holdings Inc Class A
44.02
0.11
0.25%
CNK
Cinemark Holdings
23.68
-5.12
-17.78%
MANU
Manchester United
17.70
1.91
12.10%
PLAY
Dave & Busters Entertainment
18.77
-8.91
-32.19%
MSGS
Madison Square Garden Sports
283.55
65.32
29.93%
MSGE
Madison Square Garden Entertainment Corp.
61.87
25.75
71.29%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.