---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-019413"
form_type: "8-K"
ticker: "BATRA"
cik: "0001958140"
company_name: "Atlanta Braves Holdings, Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:29:23.119888+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-019413
- form_type: 8-K
- ticker: BATRA
- cik: 0001958140
- company_name: Atlanta Braves Holdings, Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1958140/000110465926019413/0001104659-26-019413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1958140/000110465926019413/batra-20260225x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-019413
- JSON: https://secwatch.observer/filing/0001104659-26-019413.json
- Plain text: https://secwatch.observer/filing/0001104659-26-019413.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.