Atlanta Braves Holdings, Inc. (BATRA)
NASDAQCommunication ServicesEntertainmentSnapshot 2026-09-04
$55.86-0.30%
Close 2026-09-04 · 1-day change
NASDAQCommunication ServicesEntertainmentSnapshot 2026-09-04
QuarterlyIQ Insights · BATRA
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within communication services on a research-validated quality screen. As of 2026-09-04.
The screen ranks BATRA against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated neutral grew net income 52% of the time over the next year (vs 52% for the rest of the cohort, n=2519).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Increase revenue from baseball operations and mixed-use real estate development including The Battery Atlanta.
Stated as a priority in 2 of last 2 quarters. Baseball revenue grew modestly from $316 million in first half 2025 to $322 million in first half 2026 (+2%). Mixed-Use Development revenue increased strongly from $43.7 million to $55 million (+26%) over the same period. Management is delivering growth in mixed-use development revenue and modest growth in baseball revenue despite fewer home games.
“Baseball revenue of $322 million for six months ended June 30, 2026, up 2% from prior period; Mixed-Use Development revenue of $55 million, up 26% from prior period.”
“Baseball revenue increased 60% to $46 million; Mixed-Use Development revenue increased 41% to $26 million in first quarter 2026.”
Focus on improving operating income and Adjusted Operating Income Before Depreciation and Amortization (OIBDA) across segments.
Stated as a priority in 2 of last 2 quarters. Adjusted OIBDA was $12 million in Q2 2026, down from $66 million prior year quarter, while operating income declined to $(19) million from $42 million prior year. In Q1 2026, operating loss improved slightly by $3 million to $(41) million. The trajectory shows mixed results with some improvement in Q1 but a decline in Q2 operating income and Adjusted OIBDA, indicating limited progress.
Control operating costs and expenses while supporting revenue growth in baseball and mixed-use segments.
Stated as a priority in 2 of last 2 quarters. Baseball operating costs rose 20% in Q2 2026 compared to prior year, Mixed-Use Development costs increased 25%, and SG&A expenses grew 14%. In Q1 2026, these costs also increased significantly. Despite revenue growth in some segments, operating costs have increased materially, indicating challenges in cost management amid growth.
“Baseball operating costs increased 20%; Mixed-Use Development costs increased 25%; SG&A expenses increased 14% in Q2 2026.”
Over the trailing year it converted -1.65x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
3 material management or governance events in the past 24 months, led by M&A activity. Historically, Communication Services names rated stable grew net income 52% of the time over the next year (vs 54% for the rest of the cohort, n=799).
Not investment advice. As of 2026-09-04.
“Total Adjusted OIBDA of $12 million in Q2 2026; Operating income declined to $(19) million in Q2 2026 from $42 million prior year period.”
“Operating income (loss) improved by $3 million to $(41) million in Q1 2026, up from $(44) million prior year period.”
“Baseball operating costs increased 16%; Mixed-Use Development costs increased 77%; SG&A expenses increased 17% in Q1 2026.”