Atlanta Braves Holdings Inc
BATRK
ISIN null / Valor 128267891
Atlanta Braves Holdings Inc
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About company
Atlanta Braves Holdings Inc. operates primarily through its wholly-owned subsidiary, Braves Holdings, LLC, which owns the Atlanta Braves Major League Baseball team. In addition to managing the professional baseball club, the company is involved in the development and operation of The Battery Atlanta, a mixed-use development project adjacent to the team's stadium. This development includes retail, residential, and entertainment spaces, enhancing the overall fan experience and generating additional revenue streams beyond traditional baseball operations. The company's business model leverages both its sports franchise and real estate assets to drive growth and profitability.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (15.04.2026):
Atlanta Braves Holdings, Inc. reported its fourth quarter of 2025 and full-year 2025 results: Q4 revenue was $61.3 million and full‑year revenue was $732.5 million. The company posted substantial full‑year improvement in Adjusted OIBDA and operating results driven by broadcasting growth and Mixed‑Use Development contributions, while Q4 included an impairment that widened the GAAP operating loss for the quarter.
Top‑line — Q4 and Full Year 2025
Q4 2025 total revenue: $61.3 million (Q4 2024: $52.1M, +18%). Full‑year 2025 total revenue: $732.5 million (2024: $662.7M, +11%). Baseball revenue: Q4 $34.8M; FY $635.1M (+7% vs. 2024). Mixed‑Use Development revenue: Q4 $26.5M; FY $97.4M (+45% vs. 2024).
Adjusted OIBDA — Big full‑year gain
Q4 2025 Adjusted OIBDA: $3.5 million (Q4 2024: $(3.8)M). Full‑year 2025 Adjusted OIBDA: $107.8 million (2024: $39.7M), up ~172%. FY segment Adjusted OIBDA: Baseball $51.1M; Mixed‑Use Development $68.5M.
GAAP operating and net results
Q4 2025 operating loss: $(49.8) million (Q4 2024: $(18.6)M), affected by a Q4 impairment. Full‑year 2025 operating loss improved to $(13.5) million (2024: $(39.7)M). Net loss attributable to shareholders: Q4 $(41.4)M (EPS $(0.66)); FY $(23.4)M (EPS $(0.37)).
Drivers of revenue and margins
Baseball revenue growth driven primarily by higher broadcasting revenue (additional streaming rights and rate increases) and contractual increases in ticket/sponsorships; event revenue and other income rose from concerts/special events. Mixed‑Use Development growth driven by rental income from lease commencements and an April 2025 real‑estate acquisition adjacent to The Battery Atlanta.
Q4 impairment and impacts
The Q4 operating loss increase was mainly due to an impairment tied to the termination of a long‑term local broadcasting agreement; nonetheless, Q4 Adjusted OIBDA improved as revenue growth plus lower baseball operating costs offset other cost increases.
Cash, debt and liquidity
Cash (Dec 31, 2025): $99.9 million. Total ABH debt at Dec 31, 2025: ~$741.1 million (GAAP total debt $738.6M). Management reported Q4 cash increased ~$18M and Q4 debt decreased ~$22M (TeamCo revolver repayments offset by other borrowings).
Operational note
There were 81 regular‑season home games in the full year and zero in the fourth quarter for both 2025 and the comparable 2024 period (Q4 contains no regular home games).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2600 M
Market cap (USD)
181,326
Daily traded volume (Shares)
37.86 / 37.38
1 day high/low (USD)
52 weeks high/low (USD)
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