Operational Highlights
The team delivered record-breaking regular season ticket sales and sponsorship revenue in 2025, with over 1,900,000 tickets sold across seasons, groups, hospitality packages, and single-game inventory. The Battery welcomed nearly 9,000,000 visitors in 2025, mostly in line with 2024 levels, and tenant sales reached a record $137,000,000 across 30 doors. The launch of Brave Vision, a multimedia platform, is expected to further enhance the fan experience and drive revenue growth.
Valuation and Outlook
With a P/S Ratio of 4.16 and an EV/EBITDA of 39.55, the stock appears to be priced for growth. Analysts estimate revenue growth at 5.0% for the next year. The company's strong financial position, with $100,000,000 of cash and cash equivalents, provides a solid foundation for future investments. As Terence McGuirk noted, "the team is energized about the year ahead and believes they are well-positioned with a strong team and organizational depth to be competitive this season." With a robust waitlist on all season product offerings and a strong tenant lineup at The Battery, the company is poised for continued success.
Cash Flow and Tax Implications
The company's free cash flow was negative $25 million, which may be a concern for investors. However, Jill L. Robinson emphasized that the company focuses on reinvesting profits into the team, and the master planning project at the stadium is driving great returns. The company is also aware of the potential tax impacts, including the limitation on deductibility of high-salary employees, but declined to comment further due to ongoing discussions.