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Atlanta Braves Holdings, Inc. logo

Atlanta Braves Holdings, Inc.

bravesholdings.com

What Do They Do?

Operates the Atlanta Braves and Truist Park, offering baseball games and related media to fans and broadcasters; also runs retail, office, hotel and entertainment properties for tenants.

How Do They Make Money?

Baseball earns money from tickets, concessions, broadcasting rights, sponsorships, suites and merchandise; fans pay for game-day benefits as delivered, while suite, season-ticket and sponsorship fees are generally due in installments before each season. Mixed-use operations earn office and retail rent.

revenue
SegmentShareRevenue
Baseball
87%
FY2022: 91%
Mixed-Use Development
Recurring

13%
FY2022: 9.1%

Who Are Their Customers?

Fans buy game tickets and concessions; local broadcasters negotiate rights directly with the Braves, while national broadcasting rights are sold through MLB. Mixed-use customers include office and retail tenants.

Do Revenues Turn Into Profits?

No. It lost $23.4M in FY2025.

Operating income, FY2025
−2% of revenue
▼ −66% (Loss) vs FY2024 (−$39.7M, −6%)
Net income, FY2025
−3% of revenue
▼ −25% (Loss) vs FY2024 (−$31.3M, −5%)
Free cash flow, FY2025
−9% of revenue
▼ −1% (Loss) vs FY2024 (−$69.4M, −10%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −2%
vs $312.4M in Q2 FY2025
Net income
▼ Now a loss
vs $29.5M in Q2 FY2025
Revenue over time
Baseball Mixed-Use Development
$1B$500M$0

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