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Atlanta Braves Holdings (BATRA) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 5, 2026

Atlanta Braves Holdings (BATRA) reported revenue of $305M for the second quarter 2026 (Q2 2026), -2% from a year earlier and +324% from the quarter before. Operating margin was -6.1%, net loss $12.1M (4.0% of revenue).

Revenue$305M
Year over year-2%
Quarter over quarter+324%
Operating margin-6.1%
Net earnings−$12.1M

Atlanta Braves Holdings, Q2 2026: revenue $305M (-2% year over year), operating margin -6.1%, net loss $12.1M, operating cash flow −$64.1M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$305M+324%-2%
Operating profit−$18.5M—-144%
Net earnings−$12.1M—-141%
Operating cash flow−$64.1M-203%—

What changed

Revenue was $305.1M in Q2 2026, down 2% year over year and up 324% from the previous quarter. Baseball was the largest line at 91% of revenue. Baseball lost $10.9M year over year (down 4%), 149% of the total change.

Operating costs exceeded revenue by $18.5M, an operating margin of -6.1%. Total costs grew 20% against a revenue fall of 2%. The fastest-growing cost line was SG&A (+25%). The quarter ended with a net loss of $12.1M, narrower than the previous quarter's $40.4M loss. Non-operating items added $5.2M, -39% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$64.1M. Non-cash charges added back $23.5M of depreciation and amortization and $6.8M of share-based compensation. Working capital and other items used $82.4M.

Questions

What was Atlanta Braves Holdings' revenue in the second quarter 2026?

Atlanta Braves Holdings (BATRA) reported revenue of $305M for the second quarter 2026 (Q2 2026), -2% from a year earlier and +324% from the quarter before.

Was Atlanta Braves Holdings profitable in the second quarter 2026?

Operating loss was $18.5M (-6.1% of revenue) and net loss $12.1M.

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Source: Atlanta Braves Holdings 10-Q on SEC EDGAR.