Atlanta Braves Holdings Inc - Ordinary Shares - Class C

Atlanta Braves Holdings Inc - Ordinary Shares - Class C

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Market Cap$22.75B
Close$

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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Atlanta Braves Holdings Inc - Ordinary Shares - Class CAtlanta Braves Holdings Inc - Ordinary Shares - Class C47.1-4%2.40.1

Earnings Call Q1 2026

May 11, 2026 - AI Summary

Strong business momentum in Q1 2026 (despite seasonality) - Management highlighted an early on-field success story: the Braves are in 1st place in the National East and finished April with leading MLB in ERA; offensively they led MLB in runs scored and were 3rd in home runs. - Economic/operations early indicators: through the first 18 home games, attendance averaged ~33,000 tickets sold per game with 7 sellouts, aided by a new ticketing strategy. - Financial headline: Total revenue $72.0M in Q1 2026 vs $47.2M in Q1 2025 (+~52.5% YoY), driven by the fact that Q1 2026 had 5 regular-season home games vs zero in the prior year period.
BravesVision launch: control + early economics “on track,” but KPIs limited so far - “BravesVision” was launched late in Q1; management chose not to disclose many detailed KPIs yet because only a small fraction of the 162-game season has played (promising more detail in Q2). - Economics outlook (good): Derek stated the company is “confident” it will meet or exceed the economics of the prior RSN agreement, implying no major downside from the transition so far. - Cost/investment view (cautious but positive): they expect additional expenses if programming expands, but emphasized selectivity; Jill said capital investment was relatively minimal due to a Raycom partnership. - Distribution reach (mostly reassuring): management claims major distributors are carrying BravesVision and they preserved/replicated prior distributor coverage (noting Cox is included via Charter partnership); they also expanded over-the-air games from 15 to 25.
Cash flow timing shift from BravesVision (surprising operational/financial nuance) - They expect to be on pace to meet/exceed prior RSN economics, but the cash receipts cadence will differ materially. - Compared to the earlier model (more predictable license fee payments, e.g., “equal over the first 9 months”), BravesVision cash flow is expected to be slower for distribution revenue. - Advertising and DTC timing: ad revenue paid after the ad airs; direct-to-consumer payments paid monthly—management expects to “identify the best way” to report/model this going forward. - This is an investor-relevant shift: headline profitability may not match near-term cash timing, increasing modeling uncertainty.

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$-25.42

Current Fair Value

152.5% downside

Overvalued by 152.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$22.75 Billion
Enterprise Value$22.29 Billion
Dividend Yield$- (-)
Earnings per Share$-0.37
Beta0.83
Outstanding Shares62,454,167

Return

Return on Equity3.75%ROE
Return on Assets1.82%
Return on Invested Capital-1.42%

Valuation & Multiples

P/E Ratio47.13P/E Ratio
PEG-22.71PEG
Price to Sales2.42Price to Sales
Price to Book Ratio0.36Price to Book Ratio
Enterprise Value to Revenue17.21
Enterprise Value to EBIT-108.74
Enterprise Value to Net Income76
Total Debt to Enterprise0.04
Debt to Equity0.11Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 11, 2026
EPS Estimate
$-0.83
Average shareholder expectation
Revenue Estimate
$64.60 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 6, 2026
EPS Estimate
$0.42
Average shareholder expectation
Revenue Estimate
$318.41 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0666▼ 19.81%
Total Calls90,100▲ 89.29%
Total Puts6,000▼ 52.38%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %75.86%▲ 4.76%
Total Invested$2.02B▲ 15.46%
Investors Holding309▲ 24.00%

ESG Score

No data

About Liberty Media Corp.

177 employees
CEO: Gregory Maffei

liberty media corporation owns interests in a broad range of media, communications and entertainment businesses. those interests are attributed to three tracking stock groups: the liberty braves group, the liberty media group and the lib...

Relevant Senate Committees

Joint Committee on Taxation

As the committee responsible for developing and analyzing tax legislation and providing official revenue estimates, its members would possess non-public, material information directly influencing corporate tax structures and the financial outlook for Atlanta Braves Holdings.

Finance

This powerful committee controls taxation, which directly impacts corporate valuations, profitability, and investment strategies for all of Atlanta Braves Holdings' diverse assets and operations.

Judiciary

This committee oversees antitrust laws and intellectual property, which are critically important for Atlanta Braves Holdings' investments in media and entertainment companies (e.g., Time Warner, Viacom, Live Nation, SiriusXM) and their competitive landscape.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, the FCC, and FTC, directly impacting Atlanta Braves Holdings' media, communications, and entertainment investments (e.g., SiriusXM, Time Warner, Viacom) through broadcasting, telecommunications, and consumer protection regulations. It also impacts major league sports.