Atlanta Braves Holdings, Inc. (BATRA) Income Statement
BATRA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBATRA revenue and net income
Where BATRA's revenue goes
2025Each bar shows an amount and its share of revenue. BATRA kept −3.2% of revenue as net income.
BATRA profit margins
BATRA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.5% | +7.6% | +32.7% | −17.1% |
| Gross profit | −2.2% | −1.5% | −4.0% | −23.7% |
| Operating income | — | — | — | −33.3% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BATRA quarterly EPS vs estimates
Atlanta Braves beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.74).
BATRA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $732.5M | $662.7M | $640.7M | $588.6M | $563.7M | $178.0M | $476.0M | $442.0M | $386.0M | $262.0M |
| Cost of revenue | $587.0M | $513.9M | $491.2M | $436.5M | $376.3M | $170.0M | $427.0M | $840.0M | $4.21B | $2.81B |
| Gross profit | $145.5M | $148.8M | $149.4M | $152.1M | $187.4M | $178.0M | $476.0M | $442.0M | $386.0M | $262.0M |
| Sales, general & admin | $128.9M | $125.7M | $124.3M | $2.03B | $1.91B | $67.0M | $104.0M | $1.20B | $1.16B | $886.0M |
| Total operating expenses | $128.9M | $188.5M | $195.9M | $182.6M | $168.1M | $306.0M | $515.0M | $441.0M | $499.0M | $323.0M |
| Operating income | $16.6M | −$39.7M | −$46.4M | −$30.6M | $19.2M | −$128.0M | −$39.0M | $1.0M | −$113.0M | −$61.0M |
| Interest income | $18.0M | $4.9M | $8.3M | $3.0M | — | $20.0M | $9.0M | $14.0M | $63.0M | $8.0M |
| Interest expense | $46.4M | $38.8M | $37.7M | $29.6M | $24.0M | $26.0M | $27.0M | $26.0M | $15.0M | $1.0M |
| Income before taxes | −$24.1M | −$35.9M | −$121.4M | −$31.5M | −$3.3M | −$116.0M | −$62.0M | −$4.0M | −$62.0M | −$79.0M |
| Income taxes | −$831,000 | −$4.7M | $3.9M | $2.7M | $9.7M | −$38.0M | $15.0M | −$15.0M | −$36.0M | −$17.0M |
| Net income | −$23.4M | −$31.3M | −$125.3M | −$34.2M | −$13.0M | −$78.0M | −$77.0M | $5.0M | −$25.0M | −$62.0M |
| EBITDA | $98.0M | $25.1M | $26.8M | $47.2M | $92.7M | −$59.0M | $32.0M | $77.0M | −$46.0M | −$29.0M |
| EPS (diluted) | −$0.37 | −$0.52 | −$2.53 | −$1.10 | −$0.53 | −$0.92 | −$2.06 | −$0.10 | −$0.52 | −$1.00 |
| Gross margin | 19.9% | 22.5% | 23.3% | 25.8% | 33.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 2.3% | −6.0% | −7.2% | −5.2% | 3.4% | −71.9% | −8.2% | 0.2% | −29.3% | −23.3% |
| Net margin | −3.2% | −4.7% | −19.6% | −5.8% | −2.3% | −43.8% | −16.2% | 1.1% | −6.5% | −23.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $305.1M | $711.0M | $61.3M | $311.5M | $312.4M | $47.2M | $52.1M | $290.7M | $282.9M | $37.1M | $67.7M | $271.8M |
| Cost of revenue | $256.6M | $413.0M | $107.0M | $214.4M | $214.4M | $51.2M | $30.5M | $228.5M | $207.5M | $47.5M | $54.4M | $200.4M |
| Gross profit | $48.5M | $298.0M | −$45.7M | $97.2M | $98.0M | −$4.0M | $21.6M | $62.2M | $75.4M | −$10.4M | $13.4M | $71.4M |
| Sales, general & admin | $43.6M | $35.3M | $32.0M | $34.8M | $34.9M | $27.2M | $28.1M | $37.1M | $33.4M | $27.1M | $30.0M | $34.3M |
| Total operating expenses | $67.1M | $234.0M | −$26.0M | $58.2M | $56.2M | $40.5M | $40.3M | $55.8M | $50.5M | $42.0M | $45.8M | $55.7M |
| Operating income | −$18.5M | $64.0M | −$19.7M | $38.9M | $41.8M | −$44.5M | −$18.6M | $6.4M | $24.9M | −$52.4M | −$32.4M | $15.7M |
| Interest income | — | — | $6.9M | $1.2M | $1.7M | $10.7M | $4.6M | $1.7M | — | — | — | — |
| Interest expense | $11.6M | $68.0M | $12.2M | $12.3M | $11.7M | $10.3M | $10.1M | $9.6M | $9.7M | $9.4M | $9.7M | $9.7M |
| Income before taxes | −$13.3M | $58.0M | −$53.8M | $41.8M | $41.8M | −$53.9M | −$20.4M | $9.9M | $30.0M | −$55.4M | −$26.4M | $2.2M |
| Income taxes | −$1.2M | $5.0M | −$12.3M | $11.7M | $12.3M | −$12.5M | −$1.3M | −$115,000 | $884,000 | −$4.2M | $6.0M | $8.3M |
| Net income | −$12.2M | $53.0M | −$41.4M | $30.0M | $29.5M | −$41.4M | −$19.1M | $10.0M | $29.1M | −$51.3M | −$32.4M | −$6.0M |
| EBITDA | $21.8M | $75.1M | −$24.0M | $77.6M | $74.7M | −$30.3M | −$4.5M | $38.1M | $56.8M | −$31.1M | −$14.4M | $33.2M |
| EPS (diluted) | −$0.19 | $0.00 | — | $0.47 | $0.46 | −$0.66 | −$0.31 | $0.16 | $0.46 | −$0.83 | −$0.52 | −$0.40 |
| Gross margin | 15.9% | 41.9% | −74.5% | 31.2% | 31.4% | −8.4% | 41.5% | 21.4% | 26.7% | −28.0% | 19.8% | 26.3% |
| Operating margin | −6.1% | 9.0% | −32.1% | 12.5% | 13.4% | −94.2% | −35.8% | 2.2% | 8.8% | −141.2% | −47.8% | 5.8% |
| Net margin | −4.0% | 7.5% | −67.6% | 9.6% | 9.4% | −87.7% | −36.7% | 3.4% | 10.3% | −138.3% | −47.8% | −2.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BATRA's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BATRA financial results
In fiscal year 2025 (ended December 31, 2025), Atlanta Braves reported revenue of $732.5 million, up 10.5% from the year before. It had a net loss of $23.4 million, a net profit margin of −3.2%. Diluted earnings per share came to −$0.37. Over five years revenue grew at an average rate of 32.7% a year.
See the BATRA stock overview for the latest quote and news, or the BATRA chart for price history and technical indicators.
BATRA income statement FAQ
What is Atlanta Braves's annual revenue?
Atlanta Braves reported total revenue of $732.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 10.5% from $662.7 million the previous year.
Is Atlanta Braves profitable?
No. Atlanta Braves reported a net loss of $23.4 million in fiscal 2025, a net profit margin of −3.2%; its operating margin was 2.3%.
What is Atlanta Braves's gross margin?
Atlanta Braves's gross margin was 19.9% in fiscal 2025: for every $100 of revenue, Atlanta Braves kept $20 after the direct cost of its products and services.
How fast is Atlanta Braves growing?
Revenue grew 32.7% a year on average over the last five fiscal years, from $178.0 million to $732.5 million.
What are Atlanta Braves's earnings per share?
Atlanta Braves earned $-0.37 per diluted share in fiscal 2025, compared with $-0.52 a year earlier.
When will Atlanta Braves report its next earnings?
Atlanta Braves is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Atlanta Braves's fiscal year end?
Atlanta Braves's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.