10-Q quarterly report · filed Nov 5, 2025

Atlanta Braves Holdings, Inc. (BATRK) Q3 2025 10-Q Quarterly Report

Short answer

Atlanta Braves Holdings, Inc. (BATRK) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $312M (up 7.2% year over year) with net income of $30M.

Q3 2025 key financials · XBRL

Revenue
$312M
+7.2% YoY · −0.3% QoQ
Net income
$30M
+199.2% YoY · +1.6% QoQ
Operating margin
12.5%
EPS (diluted)
$0.47
+193.7% YoY · +0.0% QoQ

Source: XBRL data from the Atlanta Braves Holdings, Inc. (BATRK) Q3 2025 10-Q on SEC EDGAR. USD.

Atlanta Braves Holdings, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Corporate Governance Transition in Sept 2024 replaced officers, shifting control to Braves Holdings executive team impacting management oversight
  • Most material update: Acquisition of real estate assets in Apr 2025 increased Mixed-Use Development revenue by $21.5M and operating costs by $2.8M YTD
  • Regulatory/legal risk: IRS completed Split-Off tax review, confirming non-taxable status in Sept 2024, removing uncertainty on significant corporate restructuring
  • Operational risk: Reduced average regular season home game attendance (26,633 vs 28,469 prior year) impacting ticket, concessions, and retail revenues
  • Financial risk: Cash $82.2M, debt drawn $60M under $150M TeamCo Revolver, $37.4M drawn under MLBFF revolver; all debt maturities by 2030

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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