10x Insights
Loading account…
Companies / Consumer Discretionary / Atlanta Braves Holdings, Inc.
BATRA

Atlanta Braves Holdings, Inc.

Consumer DiscretionaryServices
Ticker BATRAATLANTA, GAFiscal year ends DecemberBook value per share $7.95Diluted shares 64.7M

Atlanta Braves Holdings, Inc. (NASDAQ: BRAVES) operates as the parent company of Braves Holdings, LLC, which owns and operates the Atlanta Braves Major League Baseball franchise and related business operations. The company's website is www.bravesholdings.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$732.49M
+10.5% year over year
Last 12 mo $749.97M
-1.85%
+4.1 percentage points
Last 12 mo -9.42%
$-23.28M
+25.5% year over year
Last 12 mo $-63.87M
1.48%
+7.4 percentage points
Last 12 mo -12.48%
Cash & financing
$25.24M
+51.7% year over year
Last 12 mo $-64.05M
$-119.81M
−72.7% year over year
Last 12 mo $-94.86M
1.59
Was 1.38× a year earlier
Last 12 mo 1.73
63.6M
+1.1% year over year
Last 12 mo 64.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Atlanta Braves Holdings, Inc. does

In the company’s own words

Atlanta Braves Holdings, Inc. (NASDAQ: BRAVES) operates as the parent company of Braves Holdings, LLC, which owns and operates the Atlanta Braves Major League Baseball franchise and related business operations. The company's website is www.bravesholdings.com.

The company derives revenue from two primary reportable segments: Baseball and Mixed-Use Development. The Baseball segment generates income from ticket sales, concessions, local broadcasting rights, advertising sponsorships, suite and premium seat fees, retail and licensing revenue, and shared MLB revenue streams including national broadcasting rights. The Mixed-Use Development segment produces revenue from office and retail rental income, parking, and advertising sponsorships at The Battery Atlanta, a 2.25 million square-foot mixed-use complex surrounding Truist Park.

The Braves franchise represents the oldest continuously operating professional sports franchise in the United States, having fielded a team every season since 1871. The team relocated to Atlanta in 1966 and won the World Series in 1995 and again in 2021. In 2017, the franchise moved to Truist Park, a new 40,700-seat ballpark in Cobb County, Georgia, which the company operates under a 30-year agreement expiring in 2046 with extension options through 2051.

The company operates approximately 1,610 full-time, seasonal, and part-time employees across its baseball operations and mixed-use development properties. Beyond Truist Park, the company operates CoolToday Park, a spring training facility in North Port, Florida, and maintains player development operations including a baseball academy in the Dominican Republic and affiliations with four Professional Development League clubs.

Atlanta Braves Holdings was spun off from Liberty Media Corporation on July 18, 2023, through a tax-free split-off transaction. The company maintains equity method investments in MLB Advanced Media, L.P. and Baseball Endowment, L.P., and holds 50% interests in various joint ventures developing hotels within The Battery Atlanta. The company's business is subject to MLB Rules and Regulations and operates under the current collective bargaining agreement covering the 2022-2026 MLB seasons.

Company details
Sector
Consumer Discretionary
Industry
Services
Headquarters
ATLANTA, GA
Fiscal year end
December
CIK
1958140
SIC
7900

Financial performance, year by year

Fiscal 2023–2025 · USD
$-212.82M$49.76M$312.34M$574.91M$837.49M202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Atlanta Braves Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

198
funds hold it
0 of 35
superinvestors hold it
$852.02M
held by funds, at market
27.4%
of shares held by funds

Largest fund holders · Atlanta Braves Holdings, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.09%of fund net assets
Janus Henderson Venture Fund
JAVTX · Janus Investment Fund
0.99%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.04%of fund net assets
0.77%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

By share class

ClassHeld by fundsFundsShares out
BATRASeries A common stock27.4%12910.3M
BATRKSeries C common stock25.7%19352.9M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Atlanta Braves Holdings, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Atlanta Braves Holdings, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Atlanta Braves Holdings, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.