BATRK FINANCIAL STATEMENTS

Atlanta Braves Holdings, Inc. Series C Common Stock — balance sheet, income statement and cash flow trends

BATRKAtlanta Braves Holdings, Inc. Series C Common Stock

🇺🇸 USA · NASDAQ · Communication Services · Entertainment

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue757.3 M $+12.5%

Gross Profit156.7 M $+10.4%

Operating Income19.8 M $—

EBITDA105.9 M $—

Net Income-22.5 M $—

Peer Comparison· Entertainment

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BATRK	12.5%	20.7%	14.0%	-3.0%
EVT	—	—	—	—
NWS	-6.2%	75.0%	16.9%	12.9%
FENER	24.2%	-19.4%	-24.0%	-19.9%
GSRAY	38.9%	-1.3%	-5.6%	-5.6%
UMG	27.5%	39.4%	27.8%	15.0%
Industry median	9.0%	44.2%	17.2%	4.7%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BATRK	12.5%	20.7%	14.0%	-3.0%
CNK	6.9%	32.6%	17.2%	5.3%
BATRA	107.5%	32.0%	18.2%	5.1%
MSGE	4.5%	45.5%	4.2%	-3.0%
IMAX	12.6%	58.1%	31.3%	9.1%
SPHR	21.6%	48.3%	41.3%	9.0%
Industry median	9.0%	44.2%	17.2%	4.7%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity519 M $31%
Current Liabilities490.9 M $29%
Long-term Liabilities665.2 M $40%

Key Figures

YoY change

Total Assets1.7 B $+0.3%

Total Liabilities1.2 B $-2.3%

Total Equity519 M $+6.8%

Cash & ST Investments168.9 M $-31.0%

Total Debt809 M $+0.7%

Net Debt640.2 M $+14.6%

Peer Comparison· Entertainment

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BATRK	0.46	155.9%	6.04	30.8%
EVT	0.31	223.3%	—	35.8%
NWS	1.70	33.1%	0.45	55.3%
FENER	0.60	71.4%	-2.06	27.7%
GSRAY	0.32	17.4%	-2.67	38.3%
UMG	0.63	75.0%	0.54	26.0%
Industry median	1.16	64.9%	0.97	39.1%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BATRK	0.46	155.9%	6.04	30.8%
CNK	0.62	519.9%	3.11	8.8%
BATRA	1.35	64.9%	14.51	48.6%
MSGE	1.22	8.3%	-10.48	53.2%
IMAX	1.39	86.7%	1.14	37.6%
SPHR	1.22	41.7%	0.56	53.2%
Industry median	1.16	64.9%	0.97	39.1%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow286.5 M $+1,242.6%

Capital Expenditures134.2 M $+12.9%

Free Cash Flow152.3 M $+776.8%

Dividends Paid——

Peer Comparison· Entertainment

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BATRK	37.8%	20.1%	17.7%	-1,275.5%
EVT	—	—	—	—
NWS	9.7%	4.7%	5.0%	75.1%
FENER	-22.4%	-51.7%	29.3%	112.5%
GSRAY	-9.2%	-31.9%	22.7%	165.6%
UMG	18.7%	17.3%	0.7%	124.7%
Industry median	15.4%	8.1%	4.6%	140.7%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BATRK	37.8%	20.1%	17.7%	-1,275.5%
CNK	15.4%	8.1%	7.3%	290.9%
BATRA	20.5%	10.1%	10.4%	403.3%
MSGE	33.5%	32.1%	2.5%	-1,116.4%
IMAX	30.6%	28.5%	2.1%	336.9%
SPHR	28.2%	25.2%	3.0%	311.5%
Industry median	15.4%	8.1%	4.6%	140.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.