Education
About Us
Working with TipRanks
Follow Us
Atlanta Braves Holdings Inc Class A (BATRA)
NASDAQ:BATRA
Top Page
Atlanta Braves Holdings Inc Class A
(NASDAQ:BATRA)
Select Model
Select Model
Rating:45Neutral
Price Target:
$45.00
▼(-1.12% Downside)
The overall stock score of 45 reflects significant challenges in financial performance, particularly in profitability and high leverage, which are the most impactful factors. Technical analysis indicates potential short-term weakness, while valuation metrics are unattractive due to negative earnings and lack of dividends. Despite positive guidance from the earnings call, the financial and technical challenges weigh heavily on the stock's overall score.
Positive Factors
Revenue Growth
Strong revenue growth indicates robust demand and successful monetization strategies, enhancing the company's market position and financial stability.
Broadcasting Revenue Growth
Increased broadcasting revenue from new agreements strengthens the company's recurring income streams and enhances its competitive edge in media rights.
Real Estate Development Success
Successful real estate developments diversify revenue sources and increase asset value, supporting long-term financial health and growth potential.
Negative Factors
High Leverage
High leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.
Profitability Challenges
Weak profitability metrics suggest challenges in cost management and operational efficiency, which could hinder long-term financial performance.
Injury Challenges
Injury challenges can impact team performance and fan engagement, potentially affecting revenue from ticket sales and merchandise.
Atlanta Braves Holdings Inc Class A (BATRA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.58B
Dividend YieldN/A
Average Volume (3M)47.58K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth6.51%
EPS Growth65.80%
CountryUS
Employees1,450
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.46
Shares Outstanding10,318,162
10 Day Avg. Volume73,219
30 Day Avg. Volume47,581
Financial Highlights & Ratios
PEG Ratio1.08
Price to Book (P/B)4.87
Price to Sales (P/S)3.85
P/FCF Ratio-36.79
Enterprise Value/Market Cap1.45
Enterprise Value/Revenue3.40
Enterprise Value/Gross Profit10.84
Enterprise Value/Ebitda-25.29
Forecast
1Y Price Target
$56.00Price Target Upside23.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
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 Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 31, 2025
Earnings Call Sentiment Positive
The earnings call highlighted positive financial growth and successful events, especially in real estate and broadcasting. However, the team faced significant challenges with injuries affecting performance and attendance. Despite these issues, the future outlook is positive with anticipated recovery of injured players and continued business model success.Q2-2025 Updates
Positive Updates
Increased Revenue
Total revenue for Q2 2025 was $312 million, up over 10% from $283 million in the second quarter of 2024.
Successful All-Star Event
Over 137,000 tickets were purchased for events inside Truist Park during All-Star Week, with over 250,000 visitors to the Battery.
Real Estate Development Success
Truist Securities headquarters and Shake Shack opened new locations at the Battery Atlanta, contributing to increased foot traffic and revenue.
Broadcasting Revenue Growth
Broadcasting revenue increased to $81 million in Q2 2025 compared to $71 million the prior year, due to a new local rights agreement.
Mixed-Use Development Revenue Increase
Mixed-use development revenue was $25 million in Q2 2025, up from $17 million in the same period last year.
Negative Updates
Injury Challenges
The team faced significant injuries, losing all 5 opening day starting pitchers and key players like Ronald Acuña Jr., impacting team performance.
Attendance Challenges
Show rates are down slightly compared to the previous year, and reductions in attendance are expected as school starts and due to team performance.
Company Guidance
During the Atlanta Braves Holdings second quarter 2025 earnings call, management provided guidance on several key metrics. The company reported total revenue of $312 million, marking a 10% increase from the $283 million recorded in the second quarter of 2024. Baseball revenue reached $287 million, up from $266 million the previous year, driven by increased event, broadcasting, and other revenues. Adjusted OIBDA rose to $66 million from $46 million in the same period last year, with operating income increasing to $42 million from $25 million. The mixed-use development segment generated $25 million in revenue, up from $17 million, partly due to the newly acquired Pennant Park. Additionally, broadcasting revenue climbed to $81 million, aided by a renegotiated local rights agreement and new streaming rights. The company emphasized strategic investments in real estate development, including the opening of Truist Securities headquarters and a flagship Shake Shack location, as well as ongoing tenant improvements at Pennant Park. Management expressed confidence in the business model's ability to deliver consistent results in a cyclical sports environment, while also highlighting operational strengths and fan engagement initiatives. Looking ahead, the company maintains a positive outlook for the 2026 season with the expectation of the return of key injured players.Atlanta Braves Holdings Inc Class A Financial Statement Overview
Summary
Atlanta Braves Holdings Inc Class A faces challenges in profitability and financial stability. While revenue growth is strong, profitability metrics are weak, and high leverage poses risks. Cash flow generation shows some positive signs, but volatility remains a concern. The company needs to focus on improving cost management and reducing debt levels to enhance financial health.Income Statement
The income statement shows a mixed performance. The company has experienced significant revenue growth, particularly in the TTM period, with a 22.59% increase. However, profitability remains a concern, as evidenced by negative net profit margins and EBIT margins across multiple periods. The gross profit margin has also deteriorated significantly in the TTM period, indicating cost management issues.45
Neutral
Balance Sheet
The balance sheet reveals a high debt-to-equity ratio, which poses a risk to financial stability. The TTM period shows a debt-to-equity ratio of 1.54, indicating significant leverage. Return on equity is negative, reflecting ongoing losses. The equity ratio is relatively low, suggesting limited equity financing.40
Negative
Cash Flow
Cash flow analysis indicates some positive trends, with free cash flow showing growth in the TTM period. The operating cash flow to net income ratio is positive, suggesting some ability to generate cash from operations. However, historical free cash flow has been volatile, and the free cash flow to net income ratio is extremely high, indicating reliance on non-operational cash flows.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.10B | 662.75M | 640.67M | 588.00M | 568.00M | 178.00M |
| Gross Profit | 345.32M | 148.84M | 149.44M | 382.00M | 409.00M | 8.00M |
| EBITDA | -148.09M | 65.68M | -20.50M | 69.76M | 92.18M | -59.00M |
| Net Income | -275.71M | -31.27M | -125.29M | -35.00M | -11.00M | -78.00M |
Balance Sheet | ||||||
| Total Assets | 1.68B | 1.52B | 1.50B | 1.48B | 1.64B | 1.57B |
| Cash, Cash Equivalents and Short-Term Investments | 153.62M | 110.14M | 125.15M | 151.00M | 142.00M | 151.00M |
| Total Debt | 803.94M | 720.97M | 672.86M | 542.00M | 697.00M | 670.00M |
| Total Liabilities | 1.15B | 987.62M | 963.69M | 1.18B | 1.34B | 1.28B |
| Stockholders Equity | 522.83M | 524.18M | 528.60M | 294.00M | 296.00M | 291.00M |
Cash Flow | ||||||
| Free Cash Flow | 378.09M | -69.38M | -67.41M | 35.00M | 27.00M | -136.00M |
| Operating Cash Flow | 47.52M | 16.63M | 1.63M | 53.00M | 62.00M | -55.00M |
| Investing Cash Flow | 1.18M | -86.31M | -69.05M | 53.00M | -25.00M | -77.00M |
| Financing Cash Flow | 196.19M | 44.56M | 32.33M | -177.00M | 22.00M | 105.00M |
Atlanta Braves Holdings Inc Class A Technical Analysis
Negative
45.51
Price Trends
47.00
Negative
46.50
Negative
44.41
Positive
Market Momentum
-0.40
Negative
43.12
Neutral
44.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BATRA, the sentiment is Negative. The current price of 45.51 is below the 20-day moving average (MA) of 45.89, below the 50-day MA of 47.00, and above the 200-day MA of 44.41, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 43.12 is Neutral, neither overbought nor oversold. The STOCH value of 44.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | 34.67B | 89.03 | ― | ― | 5.77% | -6.97% | |
69 Neutral | 34.67B | 98.18 | 3.26% | ― | 5.77% | -6.97% | |
52 Neutral | 5.22B | -237.98 | ― | ― | 1.18% | -138.15% | |
50 Neutral | 2.14B | 59.24 | -281.44% | ― | -1.72% | -75.17% | |
48 Neutral | 2.62B | -60.72 | ― | ― | 3.67% | 71.11% | |
45 Neutral | $2.58B | ― | -4.06% | ― | 6.51% | 65.80% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
Performance Comparison
BATRA
Atlanta Braves Holdings Inc Class A
45.51
2.86
6.71%
CNK
Cinemark Holdings
28.39
0.79
2.86%
MANU
Manchester United
15.15
-1.33
-8.07%
PLAY
Dave & Busters Entertainment
19.12
-14.49
-43.11%
MSGS
Madison Square Garden Sports
221.92
13.87
6.67%
MSGE
Madison Square Garden Entertainment Corp.
44.80
2.66
6.31%
Atlanta Braves Holdings Inc Class A Corporate Events
Executive/Board Changes
Atlanta Braves Approves New Compensation for CEO
Neutral
Jul 3, 2025
On June 27, 2025, Atlanta Braves Holdings, Inc. announced the approval of performance stock unit awards for certain officers and employees, including key executives. These awards, which will vest based on the company’s revenue growth from 2025 to 2027, aim to align employee incentives with company performance. Additionally, the Compensation Committee approved a new compensation arrangement for Terence F. McGuirk, the company’s Chairman and CEO, which includes a substantial base salary and incentive opportunities for 2025.
Business Operations and StrategyFinancial Disclosures
Atlanta Braves Holdings Hosts Investor Day Webcast
Neutral
Jun 18, 2025
On June 18, 2025, Atlanta Braves Holdings Inc held an Investor Day webcast to discuss the company’s financial performance and future outlook. The event included presentations on various aspects of the business, such as financial strategies, market positioning, and technological advancements. The company emphasized its strong historical performance and outlined future strategies, including new service offerings and partnerships, while cautioning about the inherent risks in forward-looking statements.
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.