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Development of Business Atlanta Braves Holdings, Inc. ( Atlanta Braves Holdings, the Company, us, we, or our ) is primarily comprised of Braves Holdings, LLC ( Braves Holdings ), a wholly-owned subsidiary, and corporate cash. On July 18, 2023, Liberty Media Corporation ( Liberty or Liberty Media ), the then current parent organization of the Company, completed the previously announced redemptio…
$53.92
+$0.43 (+0.80%)
Price from 7 days ago
The business is unprofitable at the operating level (-1.85% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 10.5% YoY with margins expanding 4.1pp.
Negative free cash flow of -$68M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$757M
▲ +10.5% YoY
Net Income (TTM)
-$22M
▲ +25.3% YoY
Op. Margin
-1.36%
▲ +4.1pp YoY
ROIC
-0.60%
▲ +1.7pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$68M
▲ +1.3% YoY
Op. Cash Flow (TTM)
-$8M
▲ +51.7% YoY
Net Debt
$674M
Cash & Equiv.
$135M
3Y CAGR: +7.6%
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