Atlanta Braves Holdings Inc - Ordinary Shares - Class C

Atlanta Braves Holdings Inc - Ordinary Shares - Class C

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Market Cap$23.71B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Atlanta Braves Holdings Inc - Ordinary Shares - Class CAtlanta Braves Holdings Inc - Ordinary Shares - Class C109.3-1%4.20.2

Earnings Call Q2 2026

August 5, 2026 - AI Summary

On-field performance is strong and should support 2H revenue upside (but Q2 cost/revenue timing hurt results). - Management emphasized the Braves are 1st in NL East with 89% division win and 99% playoff make (with 49 games left). - Expectation: if they advance in the postseason, there is incremental upside in Q4 baseball event revenue; Jill noted you can use prior years’ Q4 revenue vs. series depth as a baseline, but they won’t quantify the amount to avoid “jinxing.”
Financial performance: Q2 revenue down YoY due to fewer home games; adjusted OIBDA sharply lower—mainly cost and BravesVision timing. - Total revenue: $305M vs $312M (-~2% YoY). - Baseball revenue: $276M vs $287M; baseball event revenue $161M vs prior year down ~$19M, attributed primarily to 6 fewer regular season home games in Q2. - Media-related revenue (BravesVision reclassified line): $73M vs $81M, down mainly due to timing of revenue recognition under BravesVision’s linear distribution agreements vs the prior local broadcasting model. - Adjusted OIBDA: ~$12M in Q2 2026 vs $66M in Q2 2025. Management attributed the decline to lower baseball revenue and higher baseball operating costs + SG&A, including BravesVision production/admin expenses and MLB shared costs, partially offset by improved mixed-use results.
BravesVision: good early reception and expected revenue durability, but it changes cash-flow timing and elevates ongoing expenses. (Surprising/important mechanics.) - BravesVision described as owned/operated DTC multimedia platform with early fan/media praise and confidence it will replicate or exceed prior third-party local rights partner revenue on an annualized basis. - Key investor “surprise”/watch item: BravesVision revenue and cash flow have different timing than the old rights-fee model: - distribution payments come with a slower cadence, creating a meaningful shift in cash receipts (even if earnings ultimately normalize). - Expense outlook: Jill indicated BravesVision costs are ongoing, with expenses slightly elevated during the season and also having some off-season impact—so expect a structural level shift upward vs the prior local broadcasting expense base, not just a one-time spike.

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$54.00

Target Price by Analysts

0.5% downsideAtlanta Braves Holdings Target Price DetailsTarget Price
$-17.73

Current Fair Value

132.7% downside

Overvalued by 132.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$23.71 Billion
Enterprise Value$23.43 Billion
Dividend Yield$- (-)
Earnings per Share$-0.37
Beta0.88
Outstanding Shares64,389,000

Return

Return on Equity1.19%ROE
Return on Assets0.57%
Return on Invested Capital-1.60%

Valuation & Multiples

P/E Ratio109.31P/E Ratio
PEG-112.06PEG
Price to Sales4.17Price to Sales
Price to Book Ratio0.42Price to Book Ratio
Enterprise Value to Revenue26.39
Enterprise Value to EBIT-103.23
Enterprise Value to Net Income257
Total Debt to Enterprise0.05
Debt to Equity0.16Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 6, 2026
EPS Estimate
$0.39
Average shareholder expectation
Revenue Estimate
$318.41 M
Average shareholder expectation

Next Earnings Call

Expected Date
November 4, 2026
EPS Estimate
$0.48
Average shareholder expectation
Revenue Estimate
$344.47 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.0671▲ 200.05%
Total Calls122,200▲ 35.63%
Total Puts252,600▲ 4110.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %70.66%▼ 4.88%
Total Invested$2.36B▲ 17.20%
Investors Holding328▲ 18.00%

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...