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Atlanta Braves Holdings Inc Class A (BATRA)
NASDAQ:BATRA
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.7Last Year’s EPS
-$0.52Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -6.10%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced perspective with significant achievements in revenue growth, fan engagement, and team performance, but also highlights challenges in operating income and potential risks from external partners like Diamond Sports Group. The plans for future growth and hosting of major events indicate a positive outlook, despite financial pressures.Company Guidance
During the Atlanta Braves Holdings Third Quarter 2024 Earnings Call, management provided several key metrics and guidance for the future. The company reported a revenue increase to $291 million in Q3 2024 from $272 million in the same period last year, attributed to new sponsorship agreements and higher rates on season tickets. Despite the revenue growth, operating income fell to $6 million due to higher baseball operating costs, such as player salaries and revenue sharing payments. The adjusted OIBDA also decreased to $31 million from $40 million the previous year. Notably, the team achieved an 89-73 record and reached the playoffs for the seventh consecutive season, although they were eliminated in the wildcard series. Additionally, Braves Holdings announced plans for further upgrades to Truist Park and highlighted the significant fan interest with over 3 million tickets sold for the third straight year and a 20,000-person waiting list for season tickets. Going forward, the company is focused on enhancing the in-stadium experience and exploring growth opportunities, particularly through media and mixed-use development, as they prepare to host the MLB All-Star Game next year.Revenue Growth
Total revenue grew to $291 million in Q3 2024, up from $272 million in Q3 2023, driven by new sponsorship agreements and contractual rate increases on season tickets.
Strong Fan Engagement
For the third consecutive year, over 3 million fans attended games, with high renewal rates for season tickets and a 20,000-person waiting list.
Successful On-Field Performance
The team made its seventh consecutive playoff appearance, with standout performances from players like Marcell Ozuna and Chris Sale.
Upcoming Major Event
The Braves will host the Major League Baseball All-Star game, showcasing Truist Park and Battery Atlanta on a national stage.
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Atlanta Braves Holdings Inc Class A (BATRA) Earnings, Revenues Date & History
BATRA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BATRA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $43.15 | $44.21 | +2.46% |
| Aug 08, 2024 | $43.92 | $45.07 | +2.62% |
| May 08, 2024 | $41.75 | $42.29 | +1.29% |
| Feb 28, 2024 | $42.22 | $41.55 | -1.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Atlanta Braves Holdings Inc Class A (BATRA) report earnings?
Atlanta Braves Holdings Inc Class A (BATRA) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Atlanta Braves Holdings Inc Class A (BATRA) earnings time?
Atlanta Braves Holdings Inc Class A (BATRA) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BATRA EPS forecast?
BATRA EPS forecast for the fiscal quarter 2024 (Q4) is -$0.7.
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