Atlanta Braves Holdings Inc Class A (BATRA)

In Q1 2025, Atlanta Braves Holdings reported a 27% year-over-year increase in total revenue, driven by increased broadcasting revenue and events at Truist Park. In Q2 2025, the company reported a 10% increase in total revenue and a 44% increase in adjusted OIBDA, attributed to broadcasting revenue, contractual rate increases, and increased rental income from The Battery Atlanta. An acquisition of real estate assets in April 2025 contributed to the increase in mixed-use development revenue. The team's on-field struggles were noted as short-term headwinds. Atlanta is set to host the 2025 MLB All-Star Game, anticipated to boost revenue. The Diamond Sports Group bankruptcy poses a significant financial risk.

Demand seasonality for Atlanta Braves Holdings, Inc.'s products and services is primarily influenced by the Major League Baseball season. The majority of baseball-related revenue is recognized during the second and third quarters. The Battery Atlanta diversifies revenue streams throughout the year. The company experiences strong demand for season tickets, with inventory selling out before the season starts.

Atlanta Braves Holdings, Inc. operates in the Consumer Services sector, specifically in the Media - Diversified industry, with its core business being Braves Holdings, LLC, which owns and operates the Atlanta Braves MLB club. The company's revenue is generated from baseball operations, including ticket sales, concessions, broadcasting rights, and shared MLB revenue, as well as mixed-use development through The Battery Atlanta, which includes rental income, parking, hotel operations, and entertainment offerings.

The primary geographic footprint of Atlanta Braves Holdings, Inc. is centered in Atlanta, Georgia, United States, including the operations of the Atlanta Braves at Truist Park and The Battery Atlanta. The company also has a subsidiary, Atlanta Braves DR, Inc., in the Dominican Republic, likely for player development.

Atlanta Braves Holdings, Inc. has maintained a strong brand reputation, driven by the success of the Atlanta Braves. The Braves' consistent on-field performance has led to an increase in fans. The Braves consistently rank among the highest MLB teams in total sponsorship dollars. The Battery Atlanta has become a significant asset, attracting 10.3 million annual visitors in 2023. On-field struggles can create short-term headwinds for reputation and investor sentiment. The "Tomahawk Chop" gesture has faced criticism and remains a recurring point of discussion.

Atlanta Braves Holdings, Inc. has a diverse ownership structure comprising institutional, retail, and individual investors. Major institutional owners include Gamco Investors, Inc. Et Al, Gabelli Funds Llc, Vanguard Group Inc, and BlackRock, Inc. Mario Gabelli owns the most shares of Atlanta Braves Holdings Inc Class A (BATRA). Approximately 24.74% of the company’s stock is owned by Institutional Investors, 18.94% by Insiders, and 56.32% by Public Companies and Individual Investors.