Atlanta Braves Holdings, Inc. (BATRA) AI Stock Analysis

Atlanta Braves Holdings, Inc., through its subsidiary, Braves Holdings, LLC, owns and operates the Atlanta Braves Major League Baseball Club in the United States. It operates through Baseball and Mixed-Use Development segments. The company also operates the Braves' ballpark located in Cobb County, a suburb of Atlanta. In addition, it is involved in the mixed-use development business, such as retail, office, hotel, and entertainment operations primarily within The Battery Atlanta. The company was incorporated in 2022 and is headquartered in Atlanta, Georgia.

Revenue grew from $563.7M in FY2021 to $588.6M in FY2022, $640.7M in FY2023, $662.7M in FY2024, and $732.5M in FY2025, marking 10.5% growth in FY2025. Gross margin compressed from 33.2% in FY2021 to 19.9% in FY2025. Operating margin turned positive to 2.3% in FY2025 after declining to -6.0% in FY2024 and -7.2% in FY2023. Net income improved from -$125.3M in FY2023 to -$23.4M in FY2025, with net margin at -3.2%. Over the trailing twelve months, revenue reached $750.0M with a profit margin of -8.6%. For the latest quarter ending June 30, 2026, revenue fell 2.3% year-over-year, while quarterly earnings grew 193.8%.

As of June 30, 2026, the company held $116.3M in cash and short-term investments against total debt of $889.8M, resulting in net debt of $773.6M. Shareholders' equity was $514.3M, and total assets stood at $1.74B. Liquidity metrics showed a current ratio of 0.49 and a debt-to-equity ratio of 1.73. In FY2025, operating cash flow reached $25.2M, while capital expenditures of $51.3M resulted in free cash flow of -$26.1M. Share issuance provided $9.1M in FY2025, and share count increased 23.8% over five years.

Atlanta Braves Holdings carries an enterprise value of $4.27B and a market cap of $3.47B. Its price-to-sales multiple of 4.6x and EV-to-EBITDA multiple of 80.6x compare to 0.8x and 10.0x for the median of its US-listed Communication Services peers. The stock closed at $54.00 on October 16, 2026, standing 3.8% above its 200-day average. Over the past year, BATRA gained 25.6%, ahead of the S&P 500's 16.8% return. Over five years, the stock returned 99.0% compared to 83.0% for the S&P 500.

Analysts maintain a mean price target of $59.00 for BATRA, representing 9.3% upside above the last close of $54.00. Consensus estimates project revenue of $793.3M for the current fiscal year ending December 31, 2026, and $840.8M for the next fiscal year, reflecting 6.0% annual growth. The company beat EPS estimates in 2 of the last 4 quarters. The next earnings date is scheduled for November 4, 2026.

This page is an AI-written research summary of Atlanta Braves Holdings, Inc. (BATRA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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