Filing Flows › Atlanta Braves Holdings (BATRA) › Q1 2025
Atlanta Braves Holdings (BATRA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Atlanta Braves Holdings (BATRA) reported revenue of $47.2M for the first quarter 2025 (Q1 2025), +27% from a year earlier and -9% from the quarter before. Operating margin was -94.2%, net loss $41.4M (87.7% of revenue).
Atlanta Braves Holdings, Q1 2025: revenue $47.2M (+27% year over year), operating margin -94.2%, net loss $41.4M, operating cash flow $95.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.2M | -9% | +27% |
| Operating profit | −$44.5M | — | — |
| Net earnings | −$41.4M | — | — |
| Operating cash flow | $95.8M | +231% | +5% |
| Free cash flow | $76.3M | +354% | +20% |
What changed
Revenue was $47.2M in Q1 2025, up 27% year over year and down 9% from the previous quarter. Baseball was the largest line at 61% of revenue. Baseball added $6.7M year over year (up 30%), 66% of the total change.
Operating costs exceeded revenue by $44.5M, an operating margin of -94.2%. Total costs grew 2% against revenue growth of 27%. The quarter ended with a net loss of $41.4M, wider than the previous quarter's $19.1M loss.
Operating cash flow was $95.8M (up 5% year over year). Non-cash charges added back $13.3M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $121.3M. Capital expenditures of $19.5M left free cash flow of $76.3M.
Questions
What was Atlanta Braves Holdings' revenue in the first quarter 2025?
Atlanta Braves Holdings (BATRA) reported revenue of $47.2M for the first quarter 2025 (Q1 2025), +27% from a year earlier and -9% from the quarter before.
Was Atlanta Braves Holdings profitable in the first quarter 2025?
Operating loss was $44.5M (-94.2% of revenue) and net loss $41.4M.