BATRA Earnings Prediction
The chart below shows how BATRA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BATRA sees a -2.99% change in stock price 10 days leading up to the earnings, and a -1.99% change 10 days following the report. On the earnings day itself, the stock moves by +0.51%. This data can give you a slight idea of what to expect for the next quarter's release.
BATRA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
290.67M
6.93%
2.76%
Gross Margin
14.97%
-18.77%
-27.37%
Operating Margin
2.20%
-62.00%
-75.06%
Net Margin
3.45%
255.41%
-66.47%
EPS
0.16
260.00%
-65.22%
No Data Available
BATRA Earnings Analysis
Atlanta Braves Holdings, Inc. Series A Common Stock Corporation (BATRA.O) Earnings Conference Call
Positive
Fan Attendance Milestone: 1. Record Attendance: The Atlanta Braves welcomed over 3 million fans to the ballpark for the third consecutive year, marking the fifth highest total in Major League Baseball.
Revenue Increase Analysis: 2. Revenue Growth: Total revenue increased to $291 million in Q3 2024, up from $272 million in Q3 2023, driven by new sponsorship agreements and increased attendance.
Baseball Revenue Surge: 3. Baseball Revenue Increase: Baseball revenue rose to $273 million in Q3 2024, compared to $256 million in the prior year, primarily due to new sponsorship agreements and contractual rate increases.
Season Ticket Demand Surge: 4. High Season Ticket Demand: There remains a 20,000-person waiting list for season tickets, with high renewal rates for the upcoming 2025 season, indicating strong fan engagement.
Top Guest Experience: 5. Positive Guest Experience: The Braves ranked #1 in overall guest experience in a recent MLB fan survey, reflecting the team's commitment to enhancing the fan experience at Truist Park.
Negative
Operating Income Decline: 1. Declining Operating Income: The company's operating income fell to $6 million in Q3 2024, down from $16 million in the prior year period, primarily due to higher baseball operating costs.
Adjusted OIBDA Decline: 2. Decreased Adjusted OIBDA: Adjusted OIBDA decreased to $31 million in Q3 2024 from $40 million in the same quarter of 2023, despite revenue growth.
Attendance Challenges Impact Revenue: 3. Reduced Attendance Impact: Although total revenue increased, it was partially offset by reduced attendance at regular home season games, indicating potential challenges in fan engagement.
Rising Operating Costs: 4. Increased Operating Costs: Baseball operating costs rose significantly due to increases in Major League player salaries, MLB's revenue sharing payments, and Minor League expenses, impacting overall profitability.
Bankruptcy Revenue Concerns: 5. Uncertain Revenue Impact from Bankruptcy: The pending bankruptcy of Diamond Sports Group LLC raises concerns about potential future unfavorable impacts on revenue, as the company cannot predict the outcome.
BATRA FAQs
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BATRA Earning Call Sentiment
Atlanta Braves Holdings, Inc. (BATRA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BATRA.O
-1.29%Positive
The earnings call presents a mixed picture: revenue growth is positive, but declining operating income and OIBDA due to increased costs are concerning. The lack of a share repurchase program and uncertainties around Diamond Sports Group's bankruptcy add to the neutral sentiment. Despite some positive developments like hosting the All-Star Game and exploring new opportunities, the Q&A section highlights ongoing challenges and uncertainties. Given the market cap of $2.5 billion, the stock is likely to experience a neutral movement, staying within the -2% to 2% range.
