Atlanta Braves Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
BATRA$57.43-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (unaudited)
Condensed Consolidated Statements of Operations
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Three months ended · · Six months ended · | ||||||||||
| · · June 30, · · June 30, · | ||||||||||
| · 2025 · 2024 · 2025 · 2024 | ||||||||||
| · · amounts in thousands, | ||||||||||
| · · except per share amounts · | ||||||||||
| Revenue: · · · | ||||||||||
| Baseball revenue | | $287,319 | 266,001 | | 315,940 | | 287,971 | | ||
| Mixed-Use Development revenue | | 25,121 | 16,875 | | 43,711 | | 31,985 | | ||
| Total revenue | | 312,440 | 282,876 | | 359,651 | | 319,956 | | ||
| Operating costs and expenses: | | | | | | | ||||
| Baseball operating costs | | 210,809 | 205,070 | | 259,572 | | 250,277 | | ||
| Mixed-Use Development costs | | 3,633 | 2,410 | | 6,041 | | 4,663 | | ||
| Selling, general and administrative, including stock-based compensation | | | 34,940 | | 33,351 | | 62,175 | | 60,444 | |
| Depreciation and amortization | | 21,271 | 17,109 | | 34,528 | | 31,991 | | ||
| | | 270,653 | 257,940 | | 362,316 | | 347,375 | | ||
| Operating income (loss) | | 41,787 | 24,936 | | (2,665) | | (27,419) | | ||
| Other income (expense): | | | | | | | ||||
| Interest expense | | (11,652) | (9,713) | | (21,996) | | (19,156) | | ||
| Share of earnings (losses) of affiliates, net (note 4) | | 10,613 | 11,622 | | 10,935 | | 13,249 | | ||
| Realized and unrealized gains (losses) on financial instruments, net | | (640) | 931 | | (1,277) | | 3,905 | | ||
| Other, net | | 1,673 | 2,217 | | 2,886 | | 3,986 | | ||
| Earnings (loss) before income taxes | | 41,781 | 29,993 | | (12,117) | | (25,435) | | ||
| Income tax benefit (expense) | | (12,287) | (884) | | 220 | | 3,272 | | ||
| Net earnings (loss) | | | 29,494 | 29,109 | | (11,897) | | (22,163) | | |
| Basic net earnings (loss) attributable to Series A, Series B and Series C Atlanta Braves Holdings, Inc. shareholders per common share (note 2) | | $0.47 | 0.47 | | (0.19) | (0.36) | | |||
| Diluted net earnings (loss) attributable to Series A, Series B and Series C Atlanta Braves Holdings, Inc. shareholders per common share (note 2) | | $0.46 | 0.46 | | (0.19) | (0.36) | | |||
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