Braves Holdings FY2025 revenue $732M (+11%), OIBDA $108M (+172%); Q4 operating loss widens on impairment

Atlanta Braves Holdings, Inc.

2025-FY EPS reported -$0.37 revenue$732,492,000

Total revenue $732M (+11% YoY); Baseball $635M (+7%), Mixed-Use $97M (+45%).
Total Adjusted OIBDA $108M, up 172% from $40M; Baseball OIBDA $51M vs $7M prior year.
Operating loss improved to $(14)M from $(40)M; Q4 operating loss $(50)M due to contract asset impairment from terminated broadcasting deal.
Q4 revenue rose 18% to $61.3M; Q4 Adjusted OIBDA turned positive to $3.5M vs $(3.8M) loss.
Baseball operating costs decreased on lower player salaries; broadcasting revenue up 14% on streaming rights and rate increases.

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