Atlanta Braves Holdings, Inc. – Series A
Description
Atlanta Braves Holdings, Inc., through its subsidiary, Braves Holdings, LLC, owns and operates the Atlanta Braves Major League Baseball Club. It also owns the mixed-use real estate development, the Battery Atlanta, as well as operates the Atlanta Braves Major League Baseball Club's stadium, Truist Park. The company was incorporated in 2022 and is headquartered in Atlanta, Georgia.
About
CEO
Mr. Terence Foster McGuirk
Employees
1,240
Instrument type
Common Stock
Sector
Communication Services
Industry
Entertainment
MIC code
XNGS
Address
Truist Park, Atlanta, GA 30339, United States
×
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Feb 26, 2025 | -0.38 | — | — | — |
| Nov 6, 2024 | 0.35 | 0.16 | -0.19 | -54.29% |
| Sep 13, 2024 | 0.32 | 0.46 | 0.14 | 43.75% |
| Aug 8, 2024 | 0.32 | 0.46 | 0.14 | 43.75% |
| May 8, 2024 | -0.58 | -0.83 | -0.25 | 43.10% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
—
Next year (Dec 2025)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 16, 2024 |
Benchmark
Matthew Harrigan
|
Reiterates | Buy | Maintains $54 |
| Sep 6, 2023 |
Rosenblatt
|
Maintains | Buy | — |
| Aug 7, 2023 |
Morgan Stanley
|
Reiterates | Equal-Weight | — |
| Jul 6, 2023 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| May 9, 2023 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| Apr 24, 2023 |
Seaport Global
|
Initiates | Buy | — |
| Aug 9, 2022 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| Jun 15, 2022 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| May 9, 2022 |
Barclays
|
Maintains | Overweight | — |
| May 2, 2022 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| Apr 26, 2022 |
Rosenblatt
|
Initiates | Buy | — |
| Jan 26, 2022 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| Aug 9, 2021 |
Barclays
|
Maintains | Overweight | — |
| Jul 28, 2021 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| May 6, 2021 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| Dec 1, 2020 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| Aug 6, 2020 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| May 8, 2020 |
Benchmark
|
Maintains | Buy | ▼ Lowers $35 → $28 |
| Mar 17, 2020 |
Morgan Stanley
|
Maintains | Equal-Weight | — |
| Dec 17, 2019 |
Benchmark
|
Initiates | Buy | — |
| May 9, 2018 |
Morgan Stanley
|
Upgrade | Equal-Weight | — |
| Jan 31, 2018 |
Morgan Stanley
|
Maintains | Underweight | — |
| Sep 21, 2017 |
Morgan Stanley
|
Maintains | Underweight | — |
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 640.67M | 588.56M | 568.00M | 178.00M | 476.00M |
| Cost of revenue | 491.23M | 436.51M | — | — | — |
| Gross profit | 149.44M | 152.06M | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 124.34M | 105.51M | 99.00M | 67.00M | 100.00M |
| Other operating expenses | — | 434.00M | 377.00M | 170.00M | 344.00M |
| Operating income | -45.88M | -25.15M | 20.00M | -128.00M | -39.00M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 37.67M | 29.58M | 24.00M | 26.00M | 27.00M |
| Other income expense | -45.61M | 23.22M | 1.00M | 38.00M | -26.00M |
| Pretax income | -129.16M | -31.52M | -3.00M | -116.00M | -92.00M |
| Tax provision | -3.86M | 2.66M | 8.00M | -38.00M | -15.00M |
| Net income | -125.29M | -34.17M | -11.00M | -78.00M | -77.00M |
| Basic EPS | -2.03 | -0.55 | -0.21 | -1.53 | -1.51 |
| Diluted EPS | -2.03 | -0.55 | -0.21 | -2.00 | -1.51 |
| Basic average shares | 61.74M | 62.13M | 52.79M | 51.00M | 51.00M |
| Diluted average shares | 61.74M | 62.13M | 52.79M | 51.00M | 51.00M |
| EBITDA | 58.59M | 77.14M | 121.00M | -53.00M | 52.00M |
| Net income from continuing op. | -125.29M | -34.17M | -11.00M | -78.00M | -77.00M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.50B | 1.49B | 1.64B | 1.57B | 1.59B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 125.15M | 150.66M | 142.00M | 151.00M | 142.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 62.92M | 70.23M | 40.00M | 30.00M | 28.00M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | 12.57M | 22.15M | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 17.38M | 24.33M | 148.00M | 63.00M | 97.00M |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 41.47M | 41.47M | — | — | — |
| Machinery furniture equipment | 188.35M | 184.29M | — | — | — |
| Construction in progress | 84.55M | 10.41M | — | — | — |
| Leases | 140.83M | 134.33M | — | — | — |
| Accumulated depreciation | -325.20M | -277.98M | -231.00M | -178.00M | -128.00M |
| Goodwill | 475.23M | 475.23M | 524.00M | 527.00M | 537.00M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 123.70M | 123.70M | 164.00M | 167.00M | 177.00M |
| Investments and advances | 99.21M | 94.56M | 110.00M | 94.00M | 99.00M |
| Other non current assets | 120.88M | 99.46M | 75.00M | 87.00M | 75.00M |
| Total liabilities | 963.69M | 1.19B | 1.34B | 1.28B | 1.22B |
| Current liabilities | |||||
| Accounts payable | 73.10M | 54.75M | 66.00M | 53.00M | 63.00M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 42.15M | 74.81M | 12.00M | 59.00M | 59.00M |
| Deferred revenue | 111.99M | 105.00M | 83.00M | 90.00M | 70.00M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 6.44M | 6.36M | 6.00M | 6.00M | 5.00M |
| Non current liabilities | |||||
| Long term debt | 630.70M | 574.38M | 685.00M | 611.00M | 495.00M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 50.42M | 54.10M | 65.00M | 52.00M | 61.00M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 33.68M | 306.36M | 454.00M | 444.00M | 471.00M |
| Shareholders equity | |||||
| Common stock | 619,000 | — | 5.00M | — | — |
| Retained earnings | -554.38M | -429.08M | 12.72B | — | — |
| Other shareholders equity | -7.27M | -3.76M | -5.00M | — | — |
| Total shareholders equity | 540.64M | 299.51M | 296.00M | 291.00M | 378.00M |
| Additional paid in capital | 1.09B | — | 1.95B | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | 12.05M | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | -125.29M | -34.17M | -11.00M | -78.00M | -77.00M | 11.00M | -26.00M | -62.00M |
| Depreciation | 70.98M | 71.70M | 72.00M | 69.00M | 71.00M | 76.00M | 67.00M | 32.00M |
| Deferred Taxes | -7.87M | -10.41M | 8.00M | -38.00M | -15.00M | -15.00M | -37.00M | -18.00M |
| Stock-Based Compensation | 13.22M | 12.23M | 12.00M | 6.00M | 17.00M | 11.00M | 48.00M | 9.00M |
| Other Non-Cash Items | 1.22M | 2.33M | 20.00M | 10.00M | 19.00M | -15.00M | 21.00M | 16.00M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | -1.00M | 41.00M | 23.00M | -22.00M | -15.00M | 105.00M |
| Other Assets & Liabilities | -42.80M | 9.91M | -43.00M | -29.00M | -12.00M | 8.00M | -57.00M | -17.00M |
| Operating Cash Flow | -90.55M | 51.59M | 57.00M | -19.00M | 26.00M | 54.00M | 1.00M | 65.00M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — |
| Net Acquisitions | -125,000 | -5.27M | — | — | -4.00M | — | -2.00M | -20.00M |
| Purchase of Investments | — | — | — | — | — | — | — | — |
| Sale of Investments | — | 48.00M | 2.00M | — | — | 155.00M | 5.00M | — |
| Investing Cash Flow | -15,000 | 118.24M | 10.00M | 4.00M | -4.00M | 192.00M | -2.00M | -53.00M |
| Financing Activities | ||||||||
| Long-Term Debt Issuance | 83.03M | 154.75M | 117.00M | 228.00M | 96.00M | 123.00M | 544.00M | 460.00M |
| Long-Term Debt Payments | -56.19M | -309.61M | -93.00M | -114.00M | -31.00M | -317.00M | -218.00M | -276.00M |
| Other Financing Charges | 5.48M | -22.36M | -2.00M | -9.00M | -11.00M | -18.00M | -30.00M | 31.00M |
| Financing Cash Flow | 32.33M | -572.22M | 22.00M | 105.00M | 54.00M | -212.00M | 296.00M | 418.00M |
| Other Cash Details | ||||||||
| End Cash Position | 137.72M | 172.81M | 244.00M | 185.00M | 212.00M | 190.00M | 140.00M | 107.00M |
| Income Tax Paid | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — |
| Free Cash Flow | -67.41M | 35.68M | 27.00M | -136.00M | -28.00M | 70.00M | -261.00M | -271.00M |
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