NASDAQ$BATRK
Atlanta Braves Holdings IN-C · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Atlanta Braves Holdings reported Q4 2025 revenue of $61.3 million, up from $52.1 million a year ago, with full-year 2025 revenue of $732 million (+11%).
ABH generated Q4 2025 revenue of $61.3 million (+18% YoY) as Mixed-Use Development revenue grew 48% on rental and sponsorship gains, while Baseball revenue rose 2% on broadcasting rate increases. Full-year 2025 revenue reached $732 million (+11%) with Baseball revenue $635 million and Mixed-Use $97 million. Full-year Adjusted OIBDA grew 172% to $108 million; Q4 operating loss increased due to a contract asset impairment on a terminated local broadcasting agreement while Q4 Adjusted OIBDA improved on revenue growth and lower Baseball costs.
- Q4 revenue $61.3M (+18% YoY); Mixed-Use Development revenue +48% in Q4.
- Full-year revenue $732M (+11%); full-year Adjusted OIBDA $108M (+172%).
- Baseball broadcasting and sponsorship rate increases offset lower attendance.
- Zero home games in Q4 comparison periods for both years per release.
Headline financials
Revenue & EPS history
Atlanta Braves · Revenue · Quarterly
$61.3M
Revenue by segment
Atlanta Braves · $732M total across 2 segments · Q4 2025
- Baseball$635M—86.7%
- Mixed-Use Development$97M—13.3%
Forward guidance
The release focuses on full-year operating trends and capital structure; management highlighted Mixed-Use lease commencements and Baseball contractual escalators without issuing separate quantitative 2026 EPS guidance in the press release.
Tailwinds
- Full-year Adjusted OIBDA more than doubled to $108M.
- Mixed-Use rental income growth from Battery Atlanta acquisitions and sponsorship.
- Baseball cost discipline with lower major-league player salaries YoY.
Headwinds
- Q4 operating loss widened on broadcasting contract impairment.
- Regular-season home attendance declined partially offsetting rate gains.
- Concentrated revenue exposure to baseball media rights and attendance.
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 2025
+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
| Quarter | Report date | Reaction (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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