GICS Sector : Communication Services
The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, various assets and liabilities associated with ANLBC's stadium, and mixed-use development project.The company is based in Englewood, Colorado.The Liberty Braves Group is a subsidiary of Liberty Media Corporation. Show Full description
Atlanta Braves Holdings reported a robust financial performance in the third quarter of 2025, with total revenue reaching $312 million, a 7% increase from $291 million in the same period last year. Baseball revenue was $284 million, up from $273 million, driven by contractual rate increases and new premium seating and sponsorship agreements. Mixed-use development revenue also performed well, with a 56% increase to $27 million, driven by rental income and new lease commencements. Adjusted OIBDA was $67 million, a 113% increase from $31 million last year, due to increased revenue and reduced baseball operating costs. The company's EPS came in at $0.47, significantly beating estimates of $0.24. As of September 30, 2025, the company had $115 million in cash and cash equivalents, with $215 million in untapped liquidity.
Publication Date: Nov -14
The revenue growth was driven by a combination of factors, including contractual rate increases, new premium seating and sponsorship agreements, and strong performance from the mixed-use development segment. The Battery Atlanta hosted 195 events, and the acquisition of Pennant Park expanded the office footprint, contributing to the growth in mixed-use development revenue. As Jill Robinson discussed, the company's revenue is diversified across different segments, providing a stable foundation for future growth.
Despite a non-playoff season, the Atlanta Braves organization remains confident due to the strength of its brand and fan passion. The team saw promising performances from young players, and the organization's focus on strategic priorities, including adding key players to a veteran squad, is expected to drive future success. The company's efforts resulted in record-breaking ticket sales and sponsorship revenue, with the Braves selling the fourth-highest number of tickets in the past 25 years.
Analysts estimate next year's revenue growth at 6.8%. With a current P/S Ratio of 1.67 and EV/EBITDA of 22.84, the company's valuation appears reasonable, considering its growth prospects. However, the P/E Ratio of -2875.31 is not meaningful due to the company's low earnings. The company's focus on meeting the changing media landscape and structuring its offering to meet the needs of its fans and partners is expected to drive future growth. As the company looks to the future, it is well-positioned to capitalize on its strengths and drive long-term value creation.
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The Liberty Braves Group's 3-level growth in the Baseball Event segment is driven by increasing ticket sales, premium seating demand, and strategic partnerships. Additionally, the group's focus on enhancing fan experience through technology integration, improved concessions, and loyalty programs contributes to the growth. Furthermore, the group's effective marketing strategies and strong brand reputation also play a significant role in driving revenue growth.
The Liberty Braves Group's 5% growth is driven by increasing demand for live sports and entertainment, strategic partnerships, and expansion of its media rights portfolio. Additionally, investments in digital infrastructure and content creation have enhanced the fan experience, attracting new audiences and driving revenue growth.
The Liberty Braves Group's Mixed-Use Development growth is driven by increasing demand for experiential retail, rising popularity of live-work-play communities, and growing need for urban revitalization. Additionally, the group's strategic location selection, innovative design, and strong brand reputation contribute to its 6% growth.
The 4% growth in Retail and Licensing from The Liberty Braves Group is driven by increasing fan engagement, strategic partnerships, and expanded product offerings. Additionally, the rise of e-commerce and social media platforms has boosted online sales, while the team's on-field performance has fueled demand for merchandise and licensed products.
The Liberty Braves Group's Other Baseball segment, with 3% growth, is driven by increasing ticket prices, improved fan experience, and strategic partnerships. Additionally, the group's focus on youth baseball development and grassroots initiatives contributes to the growth. Furthermore, the segment benefits from the rising popularity of baseball and the growing demand for live sports and entertainment.
Live events and ticketing business, including concerts, sports, and theater productions
Ownership and operation of the Atlanta Braves, a professional baseball team
Holding company with interests in media, entertainment, and communications
Television shopping network offering various products
Ownership and operation of the Atlanta Braves' stadium, Truist Park
The threat of substitutes for The Liberty Braves Group is moderate due to the availability of alternative products and services in the market.
The bargaining power of customers is high due to the large number of customers and the ease of switching to alternative products and services.
The bargaining power of suppliers is low due to the large number of suppliers and the ease of switching to alternative suppliers.
The threat of new entrants is moderate due to the moderate barriers to entry and the availability of resources and technology.
The intensity of rivalry is high due to the large number of competitors and the high level of competition in the market.
| Value | |
|---|---|
| Debt Weight | 51.88% |
| Debt Cost | 5.74% |
| Equity Weight | 48.12% |
| Equity Cost | 8.65% |
| WACC | 7.14% |
| Leverage | 107.82% |
Value: 6.4
Growth: 4.9
Quality: 6.4
Yield: 1.0
Momentum: 6.0
Volatility: 8.7
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Value: 2.6
Growth: 6.6
Quality: 6.3
Yield: 2.0
Momentum: 9.0
Volatility: 6.7
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Value: 2.0
Growth: 8.3
Quality: 4.8
Yield: 0.0
Momentum: 8.5
Volatility: 8.3
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Value: 3.3
Growth: 3.1
Quality: 3.2
Yield: 0.0
Momentum: 6.0
Volatility: 10.0
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Value: 5.3
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Volatility: 2.3
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Value: 4.3
Growth: 3.8
Quality: 2.3
Yield: 0.0
Momentum: 5.0
Volatility: 6.0
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