Atlanta Braves Holdings, Inc. BATRK
Atlanta Braves Holdings, Inc. ("Atlanta Braves Holdings," "the Company," "us," "we," or "our") is primarily comprised of Braves Holdings, LLC ("Braves Holdings"), a wholly-owned subsidiary, and corporate cash.
On July 18, 2023, Liberty Media Corporation ("Liberty" or "Liberty Media"), the then current parent organization of the Company, completed the previously announced redemption of each outstanding share of its Liberty Braves common stock in exchange for one share of the corresponding series of common stock of a newly formed entity, Atlanta Braves Holdings (the "Split-Off"). The Split-Off was intended to be tax-free to holders of Liberty Braves common stock and in September 2024, the Internal Revenue Service completed its review of the Split-Off and notified Liberty that it agreed with the non-taxable characterization of the transaction.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Baseball
- Mixed-Use Development
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Baseball | $635.1M | $595.4M | $581.7M |
| Mixed-Use Development | $97.4M | $67.3M | $59.0M |
As the company reported it, from the “Segment Information - Performance Measures (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $732.5M | $662.7M | $640.7M | $588.6M | — |
| SG&A | $128.9M | $125.7M | $124.9M | $105.5M | — |
| Total operating expenses | $746.0M | $702.4M | $687.1M | $619.1M | — |
| Operating income | -$13.5M | -$39.7M | -$46.4M | -$30.6M | — |
| Interest expense | $46.4M | $38.8M | $37.7M | $29.6M | — |
| Pre-tax income | -$24.1M | -$35.9M | -$129.2M | -$31.5M | — |
| Income tax | $831.0K | $4.7M | $3.9M | $2.7M | — |
| Net income | -$23.4M | -$31.3M | -$125.3M | -$34.2M | — |
| EPS, basic | -0.37 | -0.50 | -2.03 | -0.55 | — |
| EPS, diluted | -0.37 | -0.50 | -2.03 | -0.55 | — |
| Shares, diluted (wtd. avg.) | 63.6M | 62.9M | 62.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $99.9M | $110.1M | $125.1M | $172.8M | $244.1M |
| Receivables | $33.5M | $27.6M | $27.8M | $24.0M | — |
| Total current assets | $158.7M | $179.1M | $218.0M | $267.4M | — |
| Property, plant and equipment | $868.9M | $807.5M | $766.7M | $729.8M | — |
| Goodwill | $175.8M | $175.8M | $175.8M | $175.8M | — |
| Total assets | $1.61B | $1.52B | $1.50B | $1.49B | — |
| Accounts payable | $43.5M | $63.7M | $73.1M | $54.7M | — |
| Short-term debt | $215.3M | $104.2M | $42.2M | $74.8M | — |
| Total current liabilities | $377.0M | $286.7M | $233.7M | $240.9M | — |
| Long-term debt | $523.3M | $512.9M | $527.1M | $467.2M | — |
| Total liabilities | $1.08B | $987.6M | $963.7M | $1.19B | — |
| Retained earnings | -$609.0M | -$585.6M | -$554.4M | -$429.1M | — |
| Total equity | $526.0M | $524.2M | $540.6M | $299.5M | $306.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $25.2M | $16.6M | $1.6M | $53.3M | — |
| Depreciation and amortisation | $75.6M | $62.8M | $71.0M | $71.7M | — |
| Stock-based compensation | $15.6M | $16.5M | $13.2M | $12.2M | — |
| Capital expenditure | $93.7M | $86.0M | $69.0M | $17.7M | — |
| Investing cash flow | -$145.0M | -$86.3M | -$69.1M | $52.6M | — |
| Financing cash flow | $118.8M | $44.6M | $32.3M | -$177.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020650.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $588.6M | $640.7M | $662.7M | $732.5M |
| Gross profit | — | — | — | — | — |
| Net income | — | -$34.2M | -$125.3M | -$31.3M | -$23.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Shareholder vote Item 5.07
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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