NASDAQ$BATRK

Atlanta Braves Holdings IN-C · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Atlanta Braves Holdings reported its fourth quarter and year-end 2024 financial results, showing growth in total revenue and mixed-use development revenue, alongside a decrease in baseball revenue for the quarter.

Atlanta Braves Holdings reported a total revenue of $52.118 million in the fourth quarter of 2024, a decrease from $67.748 million in the prior year period. The company experienced a net loss of $19.125 million for the quarter. Mixed-use development revenue increased by 21%, while baseball revenue decreased by 35% for the quarter.

  • Total revenue for Q4 2024 was $52.118 million, a 23% decrease from Q4 2023.
  • Baseball revenue decreased by 35% to $34.197 million in Q4 2024.
  • Mixed-use development revenue increased by 21% to $17.921 million in Q4 2024.
  • The company reported a net loss of $19.125 million in Q4 2024, compared to a net loss of $32.358 million in Q4 2023.

Headline financials

Total Revenue

$52.1M

Previous: $67.7M-23.1%
EPS (adj)

-$0.31

Previous: -$0.52+40.4%
Adjusted OIBDA

-$3.76M

No prior period
Net Income

-$19.1M

Previous: -$32.4M+40.9%
Operating Income

-$18.6M

Previous: -$32.4M+42.4%

Revenue & EPS history

Atlanta Braves · Revenue · Quarterly

$52.1M

Q4 2024-23.1%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Atlanta Braves · $732M total across 2 segments · Q4 2025

  • Baseball
    $635M
  • Mixed-Use Development
    $97M

Forward guidance

The report does not contain explicit forward-looking guidance in terms of specific financial targets or projections for future quarters or the fiscal year. However, it does discuss general business strategies and potential risks.

Tailwinds

  • Continued focus on increasing rental income and tenant recoveries from mixed-use development.
  • Potential for growth through new sponsorship agreements and contractual rate increases.
  • Strategic investments and acquisitions could contribute to future benefits.
  • Ability to realize benefits from the Split-Off from Liberty Media.
  • Increases in spring training related revenue due to increased attendance.

Headwinds

  • Risks associated with the inability to replicate certain functions or loss of benefits from contracts post-Split-Off.
  • Historical financial information may not be representative of future financial performance.
  • Potential impact of inflation and weak economic conditions on consumer demand.
  • Risks related to litigation, regulatory proceedings, and competitive environment.
  • Inherent risks in the real estate business, including tenant defaults and environmental matters.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.8%

Avg return

30 days after

42%

16 / 38 earnings

Positive

+8.2%

Q1 2020

Best reaction

-4.4%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%-0.6%+0.0%
Q4 2025+1.6%+1.4%-3.7%
Q3 2025-1.8%-4.8%-5.5%
Q1 2025+1.1%+2.0%+7.9%
Q4 2024+0.7%+2.8%+2.6%
Q3 2024-0.1%+1.5%+0.5%
Q2 2024+0.3%-0.8%-3.3%
Q1 2024+0.8%-2.9%+2.3%
Q4 2023-1.0%-1.7%-1.2%
Q3 2023-0.4%-4.7%+0.3%
Q2 2023-4.4%-3.6%-7.7%
Q1 2023-1.8%-0.9%-5.5%
Q4 2022+1.5%+2.7%+0.7%
Q3 2022+1.2%+0.1%+8.5%
Q2 2022-0.5%-2.5%-1.2%
Q1 2022-4.0%-3.1%+2.4%
Q4 2021-2.2%-1.0%+9.9%
Q3 2021-0.1%-4.9%-8.5%
Q2 2021-1.9%-1.9%-2.8%
Q1 2021-2.5%-4.7%-3.0%
Q4 2020+2.7%+4.8%-1.2%
Q3 2020-0.4%+13.9%+27.1%
Q2 2020+7.8%+6.1%+1.6%
Q1 2020+8.2%-1.7%+13.7%
Q4 2019-3.2%-4.8%-34.3%
Q3 2019-2.6%-5.3%-0.7%
Q2 2019+0.5%-0.9%-1.9%
Q1 2019-0.5%-2.1%-1.6%
Q4 2018-1.0%-2.6%-2.8%
Q3 2018-2.8%-4.4%-2.9%
Q2 2018+3.5%+3.7%+2.5%
Q1 2018+0.9%+4.7%+8.9%
Q4 2017+3.6%+3.0%-0.6%
Q3 2017-1.1%-4.7%-4.7%
Q2 2017-0.2%+1.3%+1.7%
Q1 2017-0.2%-0.8%+0.5%
Q4 2016+6.4%+2.4%+10.2%
Q3 2016+1.0%+19.6%+22.0%
Q4 2015
Q2 2015
Q1 2015
Q4 2014

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