Atlanta Braves Holdings/$BATRA
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Capital at risk
About Atlanta Braves Holdings
Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club's stadium, Truist Park. The company predominantly derives revenue related to the Braves baseball franchise and Truist Park from ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing revenue, shared MLB revenue streams, including national broadcasting rights and licensing, and other sources. The company's reportable segments include: Baseball which generates key revenue, and Mixed-Use Development.
- Ticker
- $BATRA
- Sector
- Consumer Discretionary
- Primary listing
- NASDAQ
- Employees
- 1,610
- Headquarters
- Atlanta, United States
- Website
- www.bravesholdings.com
BATRA Metrics
BasicAdvanced
$3.3B
-
-$1.01
0.81
-
Price and volume
Market cap
$3.3B
Beta
0.81
52-week high
$60.48
52-week low
$41.50
Average daily volume
47K
Financial strength
Current ratio
0.491
Quick ratio
0.347
Long term debt to equity
1.057
Total debt to equity
1.703
Interest coverage (TTM)
-0.82%
Profitability
EBITDA (TTM)
39.762
Gross margin (TTM)
24.90%
Net profit margin (TTM)
-8.56%
Operating margin (TTM)
-5.16%
Effective tax rate (TTM)
15.87%
Revenue per employee (TTM)
$470,000
Management effectiveness
Return on assets (TTM)
-1.41%
Return on equity (TTM)
-12.03%
Valuation
Price to revenue (TTM)
4.63
Price to book
6.42
Price to tangible book (TTM)
15.38
Price to free cash flow (TTM)
-36.61
Free cash flow yield (TTM)
-2.73%
Free cash flow per share (TTM)
-1.495
Growth
Revenue change (TTM)
6.77%
Earnings per share change (TTM)
197.45%
3-year revenue growth (CAGR)
6.68%
10-year revenue growth (CAGR)
10.76%
3-year earnings per share growth (CAGR)
-25.38%
10-year earnings per share growth (CAGR)
47.87%
What the Analysts think about BATRA
Majority rating from 2 analysts.
| Month | Buy | Hold | Sell | Analysts | Majority rating |
|---|---|---|---|---|---|
| July 2023 | 2 | 0 | 0 | 2 | Buy |
| August 2023 | 2 | 0 | 0 | 2 | Buy |
| September 2023 | 2 | 0 | 0 | 2 | Buy |
| October 2023 | 2 | 0 | 0 | 2 | Buy |
| November 2023 | 2 | 0 | 0 | 2 | Buy |
| December 2023 | 2 | 0 | 0 | 2 | Buy |
| January 2024 | 2 | 0 | 0 | 2 | Buy |
| February 2024 | 2 | 0 | 0 | 2 | Buy |
| March 2024 | 2 | 0 | 0 | 2 | Buy |
| April 2024 | 2 | 0 | 0 | 2 | Buy |
| May 2024 | 2 | 0 | 0 | 2 | Buy |
| June 2024 | 2 | 0 | 0 | 2 | Buy |
Bulls say / Bears say
The Battery Atlanta is building a stronger income stream beyond baseball: first-half mixed-use revenue rose 26% to $55 million, while visitor numbers increased 6.5% to 4.7 million. That growth can help cushion swings in the team’s results. (Morningstar, Sports Business Journal)
Fan demand has held up despite a less favourable home schedule: baseball event revenue rose about 2% in the first half, even with one fewer home game. Higher attendance per game and strong ticket demand offer scope to grow revenue without adding games. (Morningstar, Investing.com)
BravesVision gives the club more control over local broadcasts and a chance to capture more value from distribution and streaming. Management expects the new platform’s annual revenue to match or exceed the previous local TV deal, although that remains to be demonstrated. (Sports Business Journal)
Profitability deteriorated sharply: second-quarter operating results swung to a $19 million loss from $42 million of income, and baseball Adjusted OIBDA fell from $52 million to a $6 million loss. Higher player salaries and BravesVision costs contributed to the squeeze. (Morningstar, StockTitan)
The shift to BravesVision has not yet proved it can replace the old media model: media-related revenue fell 12% in the first half, and management says payment timing has changed. The club also faces a wider headwind as cable subscribers decline, making future local broadcast income less certain. (Awful Announcing, Front Office Sports)
The balance sheet is under pressure: debt rose by $84 million in the second quarter as the club borrowed to support working capital, while cash fell by $19 million. Operating cash flow was negative for the first half, leaving less room for setbacks or further investment. (StockTitan, The Battery Just Showed Why the Braves Built It)
Data summarised monthly by Lightyear AI. Last updated on 7 Oct 2026.
BATRA Financial Performance
Revenues and expenses
Upcoming events
No upcoming events
BATRA News
AllArticlesVideos
Funds containing BATRA
Fund name | Fund size | $BATRA weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.02% |
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.02% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.00% |
SPDR MSCI All Country World IM€SPYI | $7.7B | 0.00% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $3.2B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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