Atlanta Braves Holdings, Inc. (BATRA) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -54.29%. A quarter ago, it was expected that this company would post earnings of $0.41 per share when it actually produced earnings of $0.46, delivering a surprise of 12.20%.Over the last four quarters, ...

Atlanta Braves Holdings, Inc. (BATRA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syste ...

Exhibit 99.1 ATLANTA BRAVES HOLDINGS REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Englewood, Colorado, August 8, 2024 – Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported second quarter 2024 results. Headlines include: ● Total revenue grew 5% to $283 million in second quarter o Baseball revenue up 4% to $266 million o Mixed-use development revenue up 11% to $17 million ● Operating income up 28% to $25 million and Adjusted OIBDA(1) up 9% to $46 million in second quarter ● Announced ...

Revenue Performance - Baseball revenue for the three months ended June 30, 2024, was $266.0 million, an increase of 4.2% from $254.9 million in the same period of 2023[136]. - Mixed-Use Development revenue increased to $16.9 million for the three months ended June 30, 2024, up 11.1% from $15.2 million in the prior year[136]. - Total revenue for the three months ended June 30, 2024, reached $282.9 million, a 4.1% increase compared to $270.1 million in the same period of 2023[136]. Income and Earnings - Operating income for the three months ended June 30, 2024, was $24.9 million, compared to $19.5 million in the same period of 2023, reflecting a 27.5% increase[136]. - Net earnings for the three months ended June 30, 2024, were $29.1 million, a significant recovery from a net loss of $28.9 million in the same period of 2023[136]. - Adjusted OIBDA for the three months ended June 30, 2024, was $45.8 million, up from $41.9 million in the same period of 2023[136]. Costs and Expenses - Baseball operating costs increased by $9.6 million for the three months ended June 30, 2024, primarily due to higher player salaries and MLB revenue sharing costs[141]. - Mixed-Use Development costs rose by $0.1 million for the three months ended June 30, 2024, attributed to general repair expenses[142]. - Stock-based compensation increased by $0.6 million and $1.1 million for the three and six months ended June 30, 2024, respectively, compared to the prior year[145]. - Interest expense increased by $0.3 million and $0.8 million during the three and six months ended June 30, 2024, respectively, due to increased interest rates on variable rate debt[150]. Attendance and Future Outlook - The average number of attendees per regular season home game decreased to 30,837 in the three months ended June 30, 2024, from 32,556 in the same period of 2023[136]. - The company anticipates continued growth in both baseball and mixed-use development segments, driven by new sponsorship agreements and increased attendance at events[140]. Financial Position - As of June 30, 2024, the company had $121.2 million in cash and cash equivalents, primarily invested in highly rated financial instruments[155]. - The maximum amount available under the League Wide Credit Facility was $125.0 million as of June 30, 2024, which remains undrawn[159]. - The company had $118.0 million in floating rate debt with a weighted average interest rate of 7.1% and $485.2 million in fixed rate debt with a weighted average interest rate of 4.4% as of June 30, 2024[166]. Internal Controls and Stock Activity - There has been no change in the Company's internal control over financial reporting during the three months ended June 30, 2024[168]. - No common stock repurchases occurred during the three months ended June 30, 2024[171]. - No shares of Atlanta Braves Holdings common stock were surrendered by officers and employees for tax payments during the three months ended June 30, 2024[171].

Atlanta Braves Holdings, Inc. (BATRA) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to loss of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.20%. A quarter ago, it was expected that this company would post a loss of $0.64 per share when it actually produced a loss of $0.83, delivering a surprise of -29.69%.Over the last four quarters, the ...

Investors in Atlanta Braves Holdings, Inc. (BATRA) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $35 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...

Exhibit 99.1 Regular season home games in period — — ATLANTA BRAVES HOLDINGS REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Englewood, Colorado, May 8, 2024 – Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported first quarter 2024 results. Headlines include: ● Total revenue grew 20% to $37 million in first quarter o Baseball revenue up 25% to $22 million o Mixed-use development revenue up 13% to $15 million ● Mixed-use development generated $10 million of Adjusted OIBDA(1) in first quar ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41746 ATLANTA BRAVES HOLDINGS, INC. (Exact name of Registrant as specified in its charter) Nevada 92-1284827 (State or o ...

Historically, Warren Buffett has focused on high-performance, well-established American banking, insurance and staples stocks. Often buying names that pay investors significant dividends. In recent years, however, he has become more diversified, buying shares of some tech stocks and a number of developing-market plays. As an investor who believes that buying growth stocks, overseas equities and turnaround plays can be much more profitable than focusing on U.S. value plays and staple producers, I certainly e ...

Financial Data and Key Metrics Changes - Liberty SiriusXM Group reported attributed cash, liquid investments, and monetizable public holdings of $90 million, excluding $216 million of cash held directly at SiriusXM [14] - Total Liberty SiriusXM Group attributed principal amount of debt is $11.1 billion, including $9.3 billion of debt held directly at SiriusXM [14] - Formula One Group's total revenue grew 25% in 2023, with adjusted OIBDA up 22% [8][16] - Braves baseball revenue increased by 9% in 2023, with adjusted OIBDA up 11% [12][20] Business Line Data and Key Metrics Changes - SiriusXM saw self-pay net adds increase in the second half of 2023, driven by streaming and strong margins [6] - Formula One Group experienced double-digit growth across all revenue streams, with significant contributions from the Las Vegas Grand Prix [8][16] - Braves' mixed-use revenue increased by 10%, while baseball event revenue grew by 14% [20] Market Data and Key Metrics Changes - Formula One's attendance reached six million total fans in 2023, up 5% from 2022 [25] - The Las Vegas Grand Prix generated an estimated economic impact of $1.2 billion, with average visitor spending significantly higher than typical events [9] - Braves territory showed strong fan support, with 8.4 million fans in the South region, the highest crossover of any fandom in Atlanta [13] Company Strategy and Development Direction - Liberty Media aims to optimize cost structures in the Las Vegas Grand Prix for future events, focusing on enhancing fan experience while reducing costs [42][43] - Formula One is expanding its race calendar, with plans for 24 races in 2024 and a new Madrid Grand Prix in 2026 [10][29] - Braves management is investing in on-field success through player trades and signings, with a sold-out 2024 season ticket offering [13][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of SiriusXM's business model, anticipating continued growth driven by content and technology improvements [6][7] - Formula One's leadership highlighted the strong commercial start to the season and the potential for further growth in fan engagement and revenue streams [8][22] - Braves management noted the positive financial growth and strong fan support, positioning the team for future success [12][20] Other Important Information - The Las Vegas Grand Prix was noted as a significant contributor to Formula One's earnings in 2023, with expectations for greater contributions in 2024 [65] - Liberty Media is in compliance with debt covenants at quarter-end, indicating financial stability [19] Q&A Session Summary Question: What are the opportunities for optimizing the cost structure in Las Vegas? - Management indicated that there are several areas for cost optimization, including security and transportation planning, which will be more efficient in the second year [42][43] Question: What is the status of the Concorde agreement? - Management expects to address the renewal of the Concorde agreement with teams shortly, indicating no substantial changes are anticipated [45] Question: What are the expected CapEx trends for 2024? - Management indicated that CapEx is expected to trend back to normal rates, with potential evaluations for capitalizing on certain expenses [46] Question: How will the Madrid Grand Prix affect the race count? - The Madrid Grand Prix is expected to be a significant addition, with discussions ongoing about its impact on existing races [50] Question: What is the outlook for media rights revenue? - Management noted that 2024 may be a lighter year for media rights revenue growth, with a stronger outlook anticipated for 2025 [51]