Atlanta Braves Holdings, Inc. (BATRK) 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 $732.5M in FY2025, reflecting a 5-year revenue CAGR of 32.7% from FY2020 to FY2025. However, gross margin compressed from 33.2% in FY2021 to 19.9% in FY2025. Operating margin rebounded into positive territory at 2.3% in FY2025 after posting -6.0% in FY2024 and -7.2% in FY2023. Annual net losses persisted across all five fiscal years, including -$125.3M in FY2023 and -$23.4M in FY2025. For the trailing twelve months, revenue stood at $750.0M with a profit margin of -8.6%. In the latest quarter ended June 30, 2026, quarterly 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 alongside total debt of $889.8M, resulting in net debt of $773.6M. Shareholders' equity was $514.3M, yielding a debt-to-equity ratio of 1.73 and a current ratio of 0.49. In FY2025, operating cash flow stood at $25.2M, while capital expenditures reached $51.3M, leaving free cash flow at -$26.1M. Over the last 5 years, the company's share count increased by 23.2%.

Atlanta Braves Holdings trades at a price-to-sales multiple of 4.2x and an EV-to-EBITDA multiple of 80.6x, compared to the US-listed Communication Services peer group medians of 0.8x and 10.0x, respectively. Its enterprise value is $4.27B against a market cap of $3.13B, with a price-to-book ratio of 6.7x. The stock has posted a 1-year return of 24.8%, outperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year span, its return of 82.4% closely mirrors the S&P 500 return of 83.0%.

Wall Street coverage includes 3 Strong Buy, 1 Hold, and 1 Strong Sell ratings. The mean price target is $63.40, which implies 29.9% upside compared to the last close price of $48.82. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.69 and revenue of $793.3M. For the following fiscal year, 3 analysts project revenue of $840.8M, representing 6.0% growth, with EPS estimated at -$0.59. Atlanta Braves Holdings has beaten EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of Atlanta Braves Holdings, Inc. (BATRK). 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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