Atlanta Braves Holdings, Inc. (BATRA) Reports Results for 2025
Atlanta Braves Holdings, Inc. today revealed its financial results for the fourth quarter and full year ending December 31, 2025.
Revenue Breakdown
Baseball revenue is generated from two main sources annually: baseball event revenue, which includes ticket sales, concessions, advertising sponsorships, suites, and premium seat fees, and broadcasting revenue from national and local broadcast rights. Additionally, Mixed-Use Development revenue is primarily derived from real estate holdings, notably the mixed-use facility The Battery Atlanta, which includes rental income.
The company reported 81 home games for the full year and none for the fourth quarter in 2025, consistent with the prior year. Baseball revenue experienced a 7% increase year-over-year, largely due to gains in broadcasting revenue linked to new streaming rights with regional partners and contractual rate hikes. The rise in baseball event revenue was driven by these rate increases on season tickets and sponsorships, despite a decline in attendance at home games. Other revenue also rose, fueled by an uptick in events at Truist Park, including concerts and the hosting of two Savannah Bananas games.
Quarterly Insights
In the fourth quarter, baseball revenue saw a 2% rise, primarily from broadcasting revenue increases. Meanwhile, revenue from Mixed-Use Development skyrocketed by 45% for the full year and 48% for the fourth quarter, thanks to new rental agreements linked to properties acquired in April 2025 and higher sponsorship income.
Operating loss and Adjusted OIBDA improved year-over-year, with revenue hikes and reduced baseball operating costs offsetting the growth in Mixed-Use Development costs and administrative expenses. The decrease in baseball operating costs stemmed largely from lower major league player salaries and reduced variable expenses.
Operating Loss and Future Outlook
Despite an increase in operating loss in the fourth quarter attributed to an impairment of a long-term broadcasting agreement, Adjusted OIBDA rose, supported by revenue growth and cost management. For a detailed breakdown of Adjusted OIBDA as defined by ABH, please refer to the “Non-GAAP Financial Measures and Supplemental Disclosures” section.
Conference Call Announcement
Atlanta Braves Holdings, Inc. (NASDAQ: BATRA) will host a conference call on February 25, 2026, at 10:00 a.m. (E.T.) to discuss these financial results. Investors can join by dialing (800) 715-9871 or +1 (646) 307-1963, using passcode 7251864. The call will also be available via live broadcast on the company’s website.
Company Overview
Atlanta Braves Holdings, Inc. primarily comprises the Major League Baseball franchise Atlanta Braves and a real estate portfolio including The Battery Atlanta, adjacent to Truist Park. For further details, visit our website.
ABH's responses and discussions during the conference call may reveal insights into financial trends and developments following the quarter-end, which may not have been previously disclosed.
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