Filing Flows › Atlanta Braves Holdings (BATRA) › Q4 2025
Atlanta Braves Holdings (BATRA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Atlanta Braves Holdings (BATRA) reported revenue of $61.3M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -80% from the quarter before. Operating margin was -81.2%, net loss $41.5M (67.7% of revenue).
Atlanta Braves Holdings, Q4 2025: revenue $61.3M (+18% year over year), operating margin -81.2%, net loss $41.5M, operating cash flow $26.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.3M | -80% | +18% |
| Operating profit | −$49.8M | -228% | — |
| Net earnings | −$41.5M | -238% | — |
| Operating cash flow | $26.4M | — | -9% |
What changed
Revenue was $61.3M in Q4 2025, up 18% year over year and down 80% from the previous quarter. Baseball was the largest line at 57% of revenue.
Operating costs exceeded revenue by $49.8M, an operating margin of -81.2%. Total costs grew 57% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+85%). The quarter ended with a net loss of $41.5M, after a profit of $30.1M the previous quarter.
Operating cash flow was $26.4M (down 9% year over year). Non-cash charges added back $17.6M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items added $44.7M.
Questions
What was Atlanta Braves Holdings' revenue in the fourth quarter 2025?
Atlanta Braves Holdings (BATRA) reported revenue of $61.3M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -80% from the quarter before.
Was Atlanta Braves Holdings profitable in the fourth quarter 2025?
Operating loss was $49.8M (-81.2% of revenue) and net loss $41.5M.