Atlanta Braves Holdings, Inc SEC Filings

Atlanta Braves Holdings reported stronger Q3 results. Revenue rose to $311.5 million from $290.7 million a year ago, driven by baseball revenue of $284.4 million and Mixed-Use Development revenue of $27.2 million. Operating income improved to $38.9 million from $6.4 million, and net earnings attributable to shareholders were $30.0 million vs. $10.0 million. Diluted EPS was $0.47.

For the first nine months, revenue reached $671.2 million (vs. $610.6 million), with net earnings of $18.1 million compared to a loss of $12.1 million last year. Adjusted OIBDA for Q3 totaled $67.2 million. Balance sheet totals show assets of $1.67 billion and total liabilities of $1.10 billion; shareholders’ equity was $560.3 million.

Total debt increased to $759.9 million (from $617.1 million at year‑end), reflecting borrowings for development projects and a new term loan. Year-to-date cash from operations was $(1.2) million; investing used $(137.7) million including a $93.7 million real estate acquisition; financing provided $140.9 million. Shares outstanding as of October 31, 2025: Series A 10,318,187; Series B 977,751; Series C 51,627,382.

Atlanta Braves Holdings, Inc. furnished an update on its business by announcing third-quarter results. The company reported that it issued a press release covering results of operations for the quarter ended September 30, 2025, which is included as Exhibit 99.1 to this Form 8-K.

The information under Item 2.02 and Exhibit 99.1 is being furnished, not filed, under the Exchange Act. The company’s Series A common stock trades as BATRA and Series C as BATRK on Nasdaq.

Atlanta Braves Holdings (BATRA) disclosed an insider transaction on a Form 4. A director reported an open‑market purchase (code P) of 840 shares of Series A Common Stock on 10/27/2025 at a weighted average price of $41.994, with trade prices ranging from $41.97 to $42.00.

Following the transaction, the reporting person beneficially owned 372,547 shares directly and 10,177 shares indirectly via the Leslie A. Malone 1995 Revocable Trust. The reporting person disclaims beneficial ownership of the indirectly held shares.

Atlanta Braves Holdings insider Jill L. Robinson, who is listed as EVP, CFO & Treasurer, executed two related transactions on 10/01/2025. She exercised a stock option to acquire 20,000 Series C common shares at an exercise price of $27.18, and on the same day sold 20,000 Series C common shares under a Rule 10b5-1 sales plan adopted May 15, 2025, at a weighted-average sale price of $40.998 (reported range $40.81–$41.1868,755 Series C shares owned directly and 130,263 total Series C shares beneficially owned as reported in the derivative table.

Insider sale notice for Atlanta Braves Holdings, Inc. (BATRA) — A Rule 144 notice reports a proposed sale of 20,000 Series C common shares through UBS Financial Services on NASDAQ with an aggregate market value of $820,000. The filer states these shares were acquired on 10/01/2025 by exercise of stock options and paid in cash the same day. The filing also discloses a sale by Jill Robinson of 40,000 Series C shares on 08/15/2025 that generated $1,752,950 in gross proceeds. The filing includes the total number of Series C shares outstanding as 51,459,265 and contains the statutory signature and certification language required under Rule 144.

GAMCO Investors, Inc., Associated Capital Group, Inc., GGCP, Inc. and Mario J. Gabelli reported changes in beneficial ownership of Atlanta Braves Holdings, Inc. (BATRA). On 09/29/2025 a sale of 500 shares of Series A Common Stock was reported at a price of $45.35; disgorgement for that sale will be paid to the issuer by a Limited Partnership. The filing lists additional holdings and disposals across affiliated entities and shows multiple indirect ownership stakes held by Investment Partnership I–V and other affiliated entities. The reporting persons disclaim ownership beyond their pecuniary interests; signatures on the form are dated 09/30/2025.

Associated Capital Group, Inc. and related reporting persons disclosed multiple sales of Atlanta Braves Holdings, Inc. (BATRA) Series A common stock. The filings show sales on 09/25/2025 (800 shares at $45.41) and 09/26/2025 (500 shares at $45.51), along with additional reported dispositions and indirect holdings across several investment partnerships and entities. The reporting persons state that disgorgement will be paid to the issuer by a limited partnership for the noted sale and that the ownership figures reflect total amounts held by entities in which the reporting persons have less than 100% pecuniary interest. The form is signed by attorneys/authorized officers on 09/26/2025.

Reporting persons including GAMCO Investors, Associated Capital Group, GGCP Inc., and Mario J. Gabelli disclosed multiple sales of Atlanta Braves Holdings, Inc. Series A common stock in mid-September 2025. Reported transactions include an 800-share sale on 09/18/2025 at $45.4888 and a 1,100-share sale on 09/19/2025 at $45.1945, plus additional dispositions or indirect ownership adjustments totaling at least 98,452 shares across several entries. Post-transaction beneficial ownership amounts shown include 2,900 shares and 1,800 shares for specific entries, with other blocks held indirectly by named investment partnerships and entities. The filings note disgorgement payments to the issuer for the two sales and explain that reported beneficial ownership reflects total holdings of entities exceeding the reporting persons' direct pecuniary interests.