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Atlanta Braves Holdings, Inc.

BATRA Communication Services Entertainment

Atlanta Braves Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $732.5 million, up 10.5% from fiscal 2024.

Revenue
+4.20%
EPS
−68.8%
Free cash flow
+33.8%
Total debt
+5.71%

Quarter to September 2026, against a year earlier

54.76 1.08 −1.93%
Market cap
$3.2B
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
1.22
Beneish M
−3.02
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 2.36
Sold, $m 22.05
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 2 — — — — — — — — —
Sell 12 — 3 1 — — — — 1 2 — —
Insider Ownership 85.02%

Capital & Financial Ratios $m

Size
Market Cap 3,210.00
Revenue ttm 763.06
Net income ttm (84.19)
Free cash flow ttm (39.07)
Net debt Q 765.58
Valuation
P/E 0.00
Forward P/E —
Price / sales 4.61
Forward P/S Powerpack
Price / FCF 0.00
Price / book 6.38 (above 6: high)
Financial health
Current ratio Q 0.52 (below 1: weak)
Debt / equity Q 1.65
Interest coverage Q 0.70
Growth
Revenue growth Q +4.20% (above 0%: growing)
Operating income growth Q −77.74% (below 0%: shrinking)
EPS, this year −129.26% (below 0%: weak)
EPS, next year A +16.80% (at or above 15%: strong)
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A −8.26% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.6×, against a ten-year median of 4.9×; over the ten years it ranged from 0.6× in 2023 to 5.9× in 2026.
P/S against its own 10 years 88.17%
10-year low 10-year high
P/B against its own 10 years 77.71%
10-year low 10-year high
EV/Sales against its own 10 years 91.45%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 138 113 112 145
Receivables 63 50 34 —
Inventory — — — —
Other 17 17 14 20
218 179 159 270
2023 2024 2025 Q'26
Payables 73 64 43 91
ST’ Debt 42 104 215 333
Other 6 7 8 6
234 287 377 522

Compound Annual Growth %

10y 5y 3y
Sales — — 7.56%
Cash Flow — — (22.08%)
Earnings — — 0.00%
Book Value — — 21.57%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.74 Actual 0.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.74 −0.28 Beat by 0.46
Q1 FY26 −0.83 −0.63 Beat by 0.20
Q2 FY26 0.42 −0.19 Miss by 0.61
Q3 FY26 0.74 0.15 Miss by 0.59
Q4 FY26 −0.35 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.63) (0.19) 0.15 — —
’25 (0.66) 0.46 0.47 (0.66) (0.37)
’24 (0.83) 0.46 0.16 (0.31) (0.50)
’23 (0.94) (0.55) (0.10) (0.52) (2.03)
’22 — 1.03 (0.48) — (0.55)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 72 305 325 — —
’25 47 312 312 61 732
’24 37 283 291 52 663
’23 31 270 272 68 641
’22 — 250 245 — 589
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 62 (64) (64) — —
’25 96 (8) (89) 26 25
’24 91 (34) (69) 29 17
’23 85 (49) (57) 23 2
’22 — 98 (79) 34 53
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 54 (71) (64) — —
’25 76 (25) (96) 19 (26)
’24 63 (64) (86) 17 (69)
’23 71 (65) (73) (1) (67)
’22 — 138 (84) 30 84
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — 564 589 641 663 732 763 +6.8% — — — —
Gross margin, % — — — — — 20.64 25.84 23.33 22.46 30.19 0.00 +9.6 pt
EBT — — — — — (3) (32) (129) (36) (24) (101) +64.2%
EBT margin, % — — — — — (0.59) (5.35) (20.16) (5.42) (3.29) (13.29) (2.7) pt
Net income — — — — — (13) (34) (125) (31) (23) (84) +15.7%
Per share, $
Per share, $ Revenue — — — — — 9.13 9.47 10.38 10.68 11.67 11.88 +6.3%
Earnings — — — — — (0.21) (0.55) (2.03) (0.50) (0.37) (1.33) +15.2%
Cash flow — — — — — 1.25 0.86 0.03 0.27 0.40 (0.61) (24.7%)
Capex — — — — — 0.00 0.49 (1.12) (1.39) (0.82) 0.00 n/m
Free cash flow — — — — — 1.25 1.35 (1.09) (1.12) (0.42) (0.61) n/m
Book value — — — — — 4.96 4.82 8.76 8.64 8.58 8.58 +14.7%
Shares, m — — — — — 62 62 62 62 63 64 +0.4%
Valuation, ×
Valuation, × P/E — — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — — 0.00 0.00 4.07 3.82 3.64 4.61 2.3
P/B — — — — — 0.00 6.83 4.83 4.72 4.95 6.38 4.3
EV/Sales — — — — — 0.00 0.00 4.91 4.74 4.63 5.61 2.9
EV/FCF — — — — — 0.00 0.00 (46.66) (45.25) (129.98) (61.27) (44.4)
Cash, $m
Cash, $m Operating cash flow — — — — — 77 53 2 17 25 (39) (24.4%)
Capex — — — — — (35) 30 (69) (86) (51) (31) +9.8%
Free cash flow — — — — — 77 84 (67) (69) (26) (39) n/m
Balance, $m
Balance, $m Working capital — — — — — 205 26 (16) (108) (218) (251) n/m
Net debt — — — — — 578 476 535 608 726 766 +5.9%
Shareholders’ equity — — — — — 306 300 541 536 538 551 +15.2%
Returns, %
Returns, % ROA — — — — — 0.00 (2.12) (8.37) (2.07) (1.49) (4.95) (1.5) pt
ROIC — — — — — 0.00 (2.46) (2.70) (2.17) (0.67) (4.79) (0.7) pt
ROE — — — — — 0.00 (11.29) (29.83) (5.81) (4.35) (15.02) (4.3) pt
People
People Employees — — — — — — — 1,240 1,450 1,610 — +13.9%
Revenue/emp, $m — — — — — 0.00 0.00 0.52 0.46 0.45 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Atlanta Braves Holdings, Inc. vs peers in Entertainment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CNK Cinemark Holdings Inc $4.6B 15.9× 14.8× +23.51% (above 0%: growing) +151.81% (above 0%: growing) +80.31% (above 0%: growing) 41.30% 19.51% Compare
SPHR Sphere Entertainment Co. $4.0B — (loss-making) — (loss-making) +4.48% (above 0%: growing) n/m −48.68% (below 0%: shrinking) 0.00% (87.72%) Compare
MANU Manchester United Ltd. $3.9B — (loss-making) — (loss-making) −3.71% (below 0%: shrinking) n/m +47.29% (above 0%: growing) 100.00% (9.47%) Compare
LION Lionsgate Studios Corp. $3.7B — (loss-making) 5.7× +47.67% (above 0%: growing) n/m +248.41% (above 0%: growing) 100.00% 3.30% Compare
MSGE Madison Square Garden Entertainment Corp. $3.6B 54.2× 33.4× +27.37% (above 0%: growing) n/m +33.34% (above 0%: growing) 38.63% (4.40%) Compare
BATRK Atlanta Braves Holdings, Inc. $3.2B — (loss-making) — (loss-making) +8.59% (above 0%: growing) n/m −417.66% (below 0%: shrinking) 18.43% 0.00% Compare
BATRA Atlanta Braves Holdings, Inc. $3.2B — (loss-making) — +4.20% (above 0%: growing) −68.75% (below 0%: shrinking) +33.76% (above 0%: growing) 0.00% 2.67%
AMC AMC Entertainment Holdings, Inc. $2.8B — (loss-making) — (loss-making) +31.60% (above 0%: growing) n/m +319.93% (above 0%: growing) 0.00% 14.53% Compare
IMAX IMAX Corporation $2.6B 19.9× 29.8× +63.66% (above 0%: growing) +444.74% (above 0%: growing) +28.64% (above 0%: growing) 72.36% 42.90% Compare
Median of peers $3.7B 19.9× 22.3× +25.44% — +40.32% 39.96% 1.65%

All 48 Entertainment stocks →

Atlanta Braves Holdings, Inc. (BATRA) Latest News

4 Nov

Impact 3 · · Business Wire

17 Sep

Impact 4 · · CFO

15 Sep

Impact 4 ·

14 Sep

Impact 4 ·
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11 Sep

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1 Sep

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20 Aug

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6 Aug

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5 Aug

Impact 3 · transcript
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14 May

Impact 3 · · Simply Wall St.

12 May

Impact 4 · · GuruFocus.com

11 May

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Zacks

23 Apr

Impact 4 · · Barrons.com
Impact 3 · · Simply Wall St.

18 Apr

Impact 4 · · TipRanks

27 Mar

Impact 3 · · Zacks

18 Mar

Impact 3 · · Zacks

3 Mar

Impact 4 · · Simply Wall St.

25 Feb

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 ·

24 Feb

Impact 4 · · Business Wire

23 Jan

Impact 3 ·

22 Jan

Impact 3 · · Business WireSimply Wall St.

7 Jan

Impact 4 ·

BATRA metrics, ten years each

stockrow.com/BATRA · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com