← Atlanta Braves Holdings, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Revenue: | ||||||||
| Net Revenue | $2.5m | $5.6m | $13.3m | $640.7m | $662.7m | $732.5m | $750.0m | |
| Cost of sales | ($1.7m) |
($3.7m)
-115.02%
|
($7.2m)
-94.93%
|
— | — | — | $563.2m | |
| Gross profit | $786k |
$1.9m
+147.42%
|
$6.1m
+214.46%
|
— | — | — | $186.8m | |
| Selling, general and administrative, including stock-based compensation | — | — | $105.5m | $124.3m | $125.7m | $128.9m | $145.5m | |
| Operating costs | — | — | $436.5m | $491.2m | $513.9m | $511.4m | — | |
| Total operating costs and expenses | — | — | $619.1m | $687.1m | $702.4m | $746.0m | — | |
| Total operating expenses | $8.0m | $4.3m | $6.9m | — | — | — | $790.5m | |
| Operating income (loss) | — | — | ($30.6m) |
($46.4m)
-51.86%
|
($39.7m)
+14.59%
|
($13.5m)
+65.90%
|
($40.5m)
-199.59%
|
|
| Loss from operations | ($7.2m) |
($2.4m)
+66.62%
|
($800k)
+66.55%
|
— | — | — | — | |
| Interest expense | ($399k) | ($277k) | ($29.6m) | ($37.7m) | ($38.8m) | ($46.4m) | $47.2m | |
| Interest income | $8k | $0 | $0 | — | — | — | — | |
| Earnings (loss) before income taxes | — | — | ($31.5m) | ($129.2m) | ($35.9m) | ($24.1m) | — | |
| Loss before income taxes | ($7.6m) | ($2.8m) | ($4.3m) | — | — | — | — | |
| Income tax benefit (expense) (note 9) | — | — | ($2.7m) | $3.9m | $4.7m | $831k | — | |
| Deferred income tax recovery | $0 | $31k | $152k | — | — | — | — | |
| Income tax expense | $0 | ($16k) | ($96k) | — | — | — | ($12.0m) | |
| Net earnings (loss) | — | — | ($34.2m) |
($125.3m)
-266.66%
|
($31.3m)
+75.04%
|
($23.3m)
+25.54%
|
($64.2m)
-175.71%
|
|
| Net loss and comprehensive loss | ($7.6m) | ($2.7m) | ($4.3m) | — | — | — | — | |
| Basic net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (note 2) (in dollars per share) | ($0) | ($0) | ($1) | ($2) | ($0) | ($0) | — | |
| Diluted net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (in dollars per share) | ($0) | ($0) | ($1) | ($2) | ($0) | ($0) | — | |
| Less net earnings (loss) attributable to noncontrolling interests | — | — | — | — | — | $87k | — | |
| Basic earnings (loss) per share | ($0.19) | ($0.05) | ($0.07) | ($2.03) | ($0.50) | ($0.37) | ($1.00) | |
| Diluted earnings (loss) per share | ($0.19) | ($0.05) | ($0.07) | ($2.03) | ($0.50) | ($0.37) | ($1.00) | |
| Weighted average number of common shares outstanding, Basic | 39.7m | 50.2m | 59.2m | — | — | — | — | |
| Weighted average number of common shares outstanding, Diluted | 39.7m | 50.2m | 59.2m | — | — | — | — | |
| Impairment expense | — | — | — | — | — | $30.1m | — | |
| Depreciation and amortization | $93k | $273k | $71.7m | $71.0m | $62.8m | $75.6m | $81.7m | |
| Share of earnings (losses) of affiliates, net (note 5) | — | — | $28.9m | $27.0m | $30.5m | $29.4m | — | |
| Realized and unrealized gains (losses) on intergroup interests, net | — | — | ($35.2m) | ($83.2m) | — | — | — | |
| Realized and unrealized gains (losses) on financial instruments, net | — | — | $13.1m | $2.3m | $3.4m | ($1.0m) | — | |
| Gains (losses) on dispositions, net | — | — | $20.1m | $2.3m | — | — | — | |
| Other, net | — | — | $1.7m | $6.5m | $8.6m | $7.4m | — | |
| Excise taxes | $0 | $0 | ($4.8m) | — | — | — | — | |
| Advertising and promotion | $749k | $455k | $1.3m | — | — | — | — | |
| Automobile expenses | $0 | $5k | $1k | — | — | — | — | |
| Data program expenses | $0 | $289k | $1.0m | — | — | — | — | |
| Insurance | $69k | $102k | $179k | — | — | — | — | |
| Office expenses | $227k | $324k | $685k | — | — | — | — | |
| Professional fees and consulting | $704k | $586k | $911k | — | — | — | — | |
| Provision for expected credit losses | $0 | $134k | $0 | — | — | — | — | |
| Rent | $0 | $0 | — | — | — | — | — | |
| Repair and maintenance expenses | $0 | $0 | $219k | — | — | — | — | |
| Research expenses | $182k | $89k | $0 | — | — | — | — | |
| Share-based payments | $5.3m | $891k | $139k | — | — | — | — | |
| Travel | $4k | $60k | $123k | — | — | — | — | |
| Wages and salaries | $526k | $1.1m | $1.8m | — | — | — | — | |
| Write-down of inventory | $63k | $0 | $0 | — | — | — | — | |
| Accretion expense | ($58k) | $0 | $0 | — | — | — | — | |
| Gain on settlement of accounts payable | $0 | $53k | $21k | — | — | — | — | |
| Loss on disposal of capital assets | $0 | ($150k) | $0 | — | — | — | — | |
| Impairment loss recognised in profit or loss, goodwill | $0 | $0 | ($1.7m) | — | — | — | — | |
| Loss on termination of license agreement | $0 | $0 | ($1.5m) | — | — | — | — | |
| Realized loss on marketable securities | ($2k) | $0 | $0 | — | — | — | — | |
| Listing expense | $0 | $0 | — | — | — | — | — | |
| Basic and diluted | ($0) | ($0) | — | — | — | — | — |