Atlanta Braves Holdings, Inc. - Understand $batra stock

$BATRA Market Cap: $2.463 Billion

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Financial Snapshot

Revenue

$610.6M

TTM

Gross Margin

6.69%

TTM

Net Earnings

-$12.14M

TTM

Current Assets

$179.1M

Q4 2024

Current Liabilities

$286.7M

Q4 2024

Current Ratio

62.49%

Q4 2024

Total Assets

$1.524B

Q4 2024

Total Liabilities

$987.6M

Q4 2024

Book Value

$536.2M

Q4 2024

Cash

$110.1M

Q4 2024

P/E

-202.8

Nov 29, 2024 EST

Free Cash Flow

-$86.19M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$662.7M	$640.7M	$588.0M	$568.0M	$178.0M	$476.0M	$442.0M	$386.0M	$262.0M
YoY Change	3.45%	8.96%	3.52%	219.1%	-62.61%	7.69%	14.51%	47.33%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$662.7M	$640.7M	$588.0M	$568.0M	$178.0M	$476.0M	$442.0M	$386.0M	$262.0M
Cost Of Revenue		$491.2M					$0.00	$0.00	$0.00
Gross Profit		$149.4M					$442.0M	$386.0M	$262.0M
Gross Profit Margin		23.33%					100.0%	100.0%	100.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$125.7M	$124.3M	$105.0M	$99.00M	$67.00M	$104.0M	$118.0M	$151.0M	$67.00M
YoY Change	1.08%	18.42%	6.06%	47.76%	-35.58%	-11.86%	-21.85%	125.37%
% of Gross Profit		83.2%					26.7%	39.12%	25.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$62.83M	$70.98M	$71.00M	$72.00M	$69.00M	$71.00M	$76.00M	$67.00M	$32.00M
YoY Change	-11.48%	-0.03%	-1.39%	4.35%	-2.82%	-6.58%	13.43%	109.38%
% of Gross Profit		47.5%					17.19%	17.36%	12.21%
Operating Expenses	$702.4M	$687.1M	$610.0M	$548.0M	$306.0M	$515.0M	$441.0M	$499.0M	$323.0M
YoY Change	2.23%	12.64%	11.31%	79.08%	-40.58%	16.78%	-11.62%	54.49%
Operating Profit	-$39.67M	-$46.44M	-$30.58M				$1.000M	-$113.0M	-$61.00M
YoY Change	-14.59%	51.86%					-100.88%	85.25%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense		$37.67M	$3.000M	$6.000M	-$20.00M	-$9.000M	-$14.00M	$63.00M	$8.000M
YoY Change		1155.77%	-50.0%	-130.0%	122.22%	-35.71%	-122.22%	687.5%
% of Operating Profit							-1400.0%
Other Income/Expense, Net	$8.629M	$6.496M	-$2.000M	-$29.00M	$32.00M	-$44.00M	$9.000M	-$12.00M	-$26.00M
YoY Change	32.84%	-424.8%	-93.1%	-190.63%	-172.73%	-588.89%	-175.0%	-53.85%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$35.94M	-$129.2M	-$27.00M	-$3.000M	-$116.0M	-$92.00M	-$4.000M	-$62.00M	-$79.00M
YoY Change	-72.17%	378.36%	800.0%	-97.41%	26.09%	2200.0%	-93.55%	-21.52%
Income Tax	-$4.673M	-$3.864M	$8.000M	$8.000M	-$38.00M	-$15.00M	-$4.000M	-$11.00M	-$17.00M
% Of Pretax Income
Net Earnings	-$31.27M	-$125.3M	-$35.00M	-$11.00M	-$78.00M	-$77.00M	$5.000M	-$25.00M	-$62.00M
YoY Change	-75.04%	257.98%	218.18%	-85.9%	1.3%	-1640.0%	-120.0%	-59.68%
Net Earnings / Revenue	-4.72%	-19.56%	-5.95%	-1.94%	-43.82%	-16.18%	1.13%	-6.48%	-23.66%
Basic Earnings Per Share	-$0.50	-$2.03	-$0.55
Diluted Earnings Per Share	-$0.50	-$2.03	-$0.66	-$0.21	-$1.53	-$1.51	$0.09	-$0.51	-$1.25

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$125.1M	$151.0M	$142.0M	$151.0M	$142.0M	$107.0M	$132.0M	$107.0M
YoY Change	-17.12%	6.34%	-5.96%	6.34%	32.71%	-18.94%	23.36%
Cash & Equivalents	$125.1M	$151.0M	$142.0M	$151.0M	$142.0M	$107.0M	$132.0M	$107.0M
Short-Term Investments
Other Short-Term Assets	$29.95M	$78.00M	$148.0M	$63.00M	$97.00M	$129.0M	$56.00M	$17.00M
YoY Change	-61.6%	-47.3%	134.92%	-35.05%	-24.81%	130.36%	229.41%
Inventory
Prepaid Expenses
Receivables	$62.92M	$45.00M	$40.00M	$30.00M	$28.00M	$21.00M	$32.00M	$15.00M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$218.0M	$274.0M	$330.0M	$244.0M	$267.0M	$257.0M	$220.0M	$139.0M
YoY Change	-20.43%	-16.97%	35.25%	-8.61%	3.89%	16.82%	58.27%
Property, Plant & Equipment	$769.4M	$730.0M	$777.0M	$799.0M	$795.0M	$1.041B	$1.099B	$930.0M
YoY Change	5.4%	-6.05%	-2.75%	0.5%	-23.63%	-5.28%	18.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$99.21M	$95.00M	$110.0M	$94.00M	$99.00M	$100.0M	$153.0M	$69.00M
YoY Change	4.43%	-13.64%	17.02%	-5.05%	-1.0%	-34.64%	121.74%
Other Assets	$118.2M	$54.00M	$75.00M	$87.00M	$75.00M	$47.00M	$22.00M	$14.00M
YoY Change	118.86%	-28.0%	-13.79%	16.0%	59.57%	113.64%	57.14%
Total Long-Term Assets	$1.286B	$1.203B	$1.306B	$1.327B	$1.326B	$1.548B	$1.646B	$1.409B
YoY Change	6.93%	-7.89%	-1.58%	0.08%	-14.34%	-5.95%	16.82%
Total Assets	$1.504B	$1.477B	$1.636B	$1.571B	$1.593B	$1.805B	$1.866B	$1.548B
YoY Change
Accounts Payable	$73.10M	$55.00M	$66.00M	$53.00M	$63.00M	$29.00M	$58.00M	$141.0M
YoY Change	32.9%	-16.67%	24.53%	-15.87%	117.24%	-50.0%	-58.87%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$46.19M	$75.00M	$12.00M	$59.00M	$59.00M	$14.00M	$13.00M	$0.00
YoY Change	-38.41%	525.0%	-79.66%	0.0%	321.43%	7.69%
Total Short-Term Liabilities	$233.7M	$233.0M	$136.0M	$173.0M	$188.0M	$84.00M	$91.00M	$168.0M
YoY Change	0.29%	71.32%	-21.39%	-7.98%	123.81%	-7.69%	-45.83%
Long-Term Debt	$630.7M	$467.0M	$685.0M	$611.0M	$495.0M	$477.0M	$649.0M	$328.0M
YoY Change	35.05%	-31.82%	12.11%	23.43%	3.77%	-26.5%	97.87%
Other Long-Term Liabilities	$48.90M	$429.0M	$454.0M	$444.0M	$471.0M	$737.0M	$637.0M	$604.0M
YoY Change	-88.6%	-5.51%	2.25%	-5.73%	-36.09%	15.7%	5.46%
Total Long-Term Liabilities	$679.6M	$896.0M	$1.139B	$1.055B	$966.0M	$1.214B	$1.286B	$932.0M
YoY Change	-24.15%	-21.33%	7.96%	9.21%	-20.43%	-5.6%	37.98%
Total Liabilities	$975.7M	$1.183B	$1.340B	$1.280B	$1.215B	$1.359B	$1.453B	$1.163B
YoY Change	-17.52%	-11.72%	4.69%	5.35%	-10.6%	-6.47%	24.94%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023
Basic Shares Outstanding	62.03M	61.74M
Diluted Shares Outstanding	62.90M	62.53M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.4628 Billion

About Atlanta Braves Holdings, Inc.

Atlanta Braves Holdings Inc is a US-based company operating in Entertainment industry. The company is headquartered in Atlanta, Georgia and currently employs 1,240 full-time employees. The company went IPO on 2023-07-19. Atlanta Braves Holdings, Inc. is a holding company of Braves Holdings, LLC (Braves Holdings). Braves Holdings owns and operates the Atlanta Braves Major League Baseball Club (ANLBC). ANLBC’s ballpark is located in Cobb County, a suburb of Atlanta, and is leased from Cobb County, Cobb-Marietta Coliseum and Exhibit Hall Authority. Braves Holdings, through affiliated entities and third-party development partners, develops a significant portion of the land around Truist Park for a mixed-use development that features retail, office, hotel and entertainment opportunities. The company has two segments: baseball and Mixed-Use Development. Baseball segment includes its operations relating to the Braves baseball franchise and Truist Park and includes ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing. Mixed-use development segment includes retail, office, hotel and entertainment operations within The Battery Atlanta.

Industry: Services-Amusement & Recreation Services Peers: NETFLIX INC Cinemark Holdings, Inc. Endeavor Group Holdings, Inc. Madison Square Garden Sports Corp. ROKU, INC Vivid Seats Inc. Warner Music Group Corp. WORLD WRESTLING ENTERTAINMENT, LLC Madison Square Garden Entertainment Corp.