Atlanta Braves Holdings Inc Class A (BATRA) AI Stock Analysis

• Market Cap: $2.77B
• Dividend Yield: N/A
• Average Volume (3M): 35.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: 6.51%
• EPS Growth: 65.80%
• Country: US
• Employees: 1,450
• Sector: Communication Services
• Sector Strength: 90
• Industry: Entertainment
• EPS (TTM): 0.46
• Shares Outstanding: 10,318,162
• 10 Day Avg. Volume: 32,369
• 30 Day Avg. Volume: 35,829
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: -1.86
• Enterprise Value/Gross Profit: -1.57
• Enterprise Value/Ebitda: -25.29
• 1Y Price Target: $53.50
• Price Target Upside: 13.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 48 Neutral
• Price Target: $47.00 ▼(-0.66% Downside)

The overall stock score is primarily impacted by weak financial performance and valuation concerns. While the earnings call provided some positive insights, the technical indicators suggest bearish momentum, and the lack of profitability remains a significant risk.

Positive Factors

On-field Performance

Improvement in current on-field performance and expectations for a satisfactory new CBA are highlighted by Braves Holdings leadership.

Real Estate Success

The Battery remains a material success with 8.7M visitors generating $130M in retail revenues, showing year-over-year growth.

Strategic Partnerships

FanDuel Sports Network and Gray Media are now streaming and broadcasting Braves games, enhancing accessibility for fans.

Negative Factors

Player Salaries

A 4Q decline in player salaries was due to limited offseason trade activity, especially compared to NL East peers.

Revenue Impact

4Q24 results were affected by the absence of any home games compared to three in the prior year quarter, leading to a revenue fall during the period.

Atlanta Braves Holdings Inc Class A Business Overview & Revenue Model

Company Description

Atlanta 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 Money

Atlanta Braves Holdings Inc generates revenue through several key streams. The primary source of income is ticket sales for the Atlanta Braves' home games, including season tickets, individual game tickets, and premium seating options. Additionally, the company earns substantial revenue from broadcasting rights, which involve contracts with regional and national sports networks to televise games. Merchandise sales, including team apparel and memorabilia, also contribute to the company’s earnings. Concessions and parking at their home venue, Truist Park, provide additional revenue. Moreover, the company's financial performance is bolstered by sponsorship deals and partnerships with various brands that seek to associate with the Atlanta Braves' strong market presence and fan base. Revenue is further supported by hosting non-baseball events at Truist Park, such as concerts and other entertainment events, which utilize the venue's facilities.

Atlanta Braves Holdings Inc Class A Financial Statement Overview

Summary

Atlanta Braves Holdings Inc Class A demonstrates strong revenue growth and a solid balance sheet with low leverage and high liquidity. However, profitability remains a primary challenge due to ongoing net losses and negative EBIT margins. Cash flow management has shown significant improvement, contributing positively to financial health. The company is well-positioned financially, but achieving consistent profitability is crucial for future stability.

Income Statement

The income statement shows a mixed performance. There has been a substantial increase in revenue, with a TTM total revenue of $1,072,668,000 compared to $662,748,000 in the previous year, indicating strong revenue growth. However, profitability remains a concern as the TTM net profit margin is negative due to a net loss of $32,996,000. Gross profit margin is relatively healthy at 27.35%, but EBIT and EBITDA margins are negative, reflecting challenges in operational efficiency.

Balance Sheet

The balance sheet is strong with a solid equity position. The debt-to-equity ratio is low at 0.004, showing minimal leverage and a strong equity ratio of 52.96%. Return on equity is negative due to losses, which is a concern. Overall, the company maintains a robust financial position with significant cash reserves and low debt levels, enhancing stability.

Cash Flow

Cash flow statements indicate significant improvements. The TTM free cash flow is positive at $322,118,000, a considerable turnaround from the previous year's negative figures, indicating efficient cash flow management. The operating cash flow to net income ratio is positive, suggesting strong cash flow relative to net losses. However, fluctuations in cash flow from financing and investing activities pose potential risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-2.01B	662.75M	640.67M	588.00M	568.00M	178.00M
Gross Profit	-2.38B	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

• Technical Analysis Sentiment: Neutral
• Last Price: 47.31
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BATRA, the sentiment is Neutral. The current price of 47.31 is below the 20-day moving average (MA) of 48.20, below the 50-day MA of 47.72, and above the 200-day MA of 43.84, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 44.89 is Neutral, neither overbought nor oversold. The STOCH value of 47.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BATRA.

Atlanta Braves Holdings Inc Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FWONA	74 Outperform	$31.98B	84.46	3.79%	―	5.77%	-6.97%
FWONK	63 Neutral	$31.98B	91.21	3.79%	―	5.77%	-6.97%
Sector *	60 Neutral	$43.99B	4.24	-10.43%	4.00%	2.31%	-34.39%
MSGE	52 Neutral	$1.91B	14.72	1222.83%	―	-1.72%	-75.17%
MSGS	52 Neutral	$4.69B	1,028.86	-20.85%	―	1.18%	-138.15%
BATRA	48 Neutral	$2.77B	―	-4.06%	―	6.51%	65.80%
MANU	48 Neutral	$3.00B	―	-34.14%	―	-4.57%	20.00%

Atlanta Braves Holdings Inc Class A Corporate Events

Atlanta Braves Approves New Compensation for CEO

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.

The most recent analyst rating on (BATRA) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Atlanta Braves Holdings Inc Class A stock, see the BATRA Stock Forecast page.

Atlanta Braves Holdings Hosts Investor Day Webcast

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.

The most recent analyst rating on (BATRA) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Atlanta Braves Holdings Inc Class A stock, see the BATRA Stock Forecast page.