Atlanta Braves Holdings, Inc. Series A (BATRA) financial statements
Atlanta Braves Holdings, Inc. Series A reported revenue of $732M in fiscal 2025, up 7.6% a year over 3 years.
Net income was -$23M and the operating margin -1.8%, against -5.2% in 2022.
Free cash flow was -$68M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Atlanta Braves Holdings, Inc. Series A's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $589M | $641M | $663M | $732M |
| Selling, general and admin | $106M | $125M | $126M | $129M |
| Operating income | -$31M | -$46M | -$40M | -$14M |
| Interest expense | $30M | $38M | $39M | $46M |
| Pre-tax income | -$32M | -$129M | -$36M | -$24M |
| Income tax | $3M | -$4M | -$5M | -$831,000 |
| Net income | -$34M | -$125M | -$31M | -$23M |
| EPS (diluted) | -$0.55 | -$2.03 | -$0.50 | -$0.37 |
| Diluted shares | — | 63M | 63M | 64M |
| Operating margin | -5.2% | -7.2% | -6.0% | -1.8% |
| Net margin | -5.8% | -19.6% | -4.7% | -3.2% |
Balance sheet
Fiscal years, from Atlanta Braves Holdings, Inc. Series A's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $151M | $125M | $110M | $100M |
| Receivables | $24M | $28M | $28M | $33M |
| Total current assets | $267M | $218M | $179M | $159M |
| Property, plant and equipment | $730M | $767M | $807M | $869M |
| Goodwill | $176M | $176M | $176M | $176M |
| Total assets | $1.5B | $1.5B | $1.5B | $1.6B |
| Total current liabilities | $241M | $234M | $287M | $377M |
| Long-term debt | $467M | $527M | $513M | $523M |
| Total liabilities | $1.2B | $964M | $988M | $1.1B |
| Shareholders' equity | $300M | $529M | $524M | $526M |
| Net debt | $391M | $444M | $507M | $639M |
Cash flow
Fiscal years, from Atlanta Braves Holdings, Inc. Series A's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $53M | $2M | $17M | $25M |
| Capital spending | $18M | $69M | $86M | $94M |
| Free cash flow | $36M | -$67M | -$69M | -$68M |
| Stock-based compensation | $12M | $13M | $17M | $16M |
| Net borrowing | -$155M | $27M | $42M | $117M |
| Free cash flow margin | 6.1% | -10.5% | -10.5% | -9.3% |
Questions
What was Atlanta Braves Holdings, Inc. Series A's revenue in 2025?
$732M in fiscal 2025, from its 10-K filing.
How much free cash flow does Atlanta Braves Holdings, Inc. Series A generate?
-$68M in fiscal 2025 (operating cash flow minus capital spending).
From Atlanta Braves Holdings, Inc. Series A's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.