Earnings release
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Atlanta Braves HOLDINGS Exhibit 99.1 ATLANTA BRAVES HOLDINGS REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS Atlanta , Georgia , August 5 , 2026 - Atlanta Braves Holdings , Inc. ( " ABH " ) ( Nasdaq : BATRA , BATRK ) today reported results for its second quarter ended June 30 , 2026 . Highlights include : Total revenue of $ 305 million in the second quarter of 2026 , down 2 % from the prior year period . Total revenue of $ 377 million for the six months ended June 30 , 2026 , up 5 % from the prior period . ○ о Baseball revenue decreased 4 % from the prior year period to $ 276 million driven by six fewer home games played in the second quarter . Baseball revenue of $ 322 million for the six months ended June 30 , 2026 , up 2 % from the prior period . Mixed - Use Development revenue increased 14 % from the prior year period to $ 29 million . Mixed - Use Development revenue of $ 55 million for the six months ended June 30 , 2026 , up 26 % from the prior period . Total Adjusted OIBDA ( ¹ ) of $ 12 million in the second quarter of 2026 . O о Baseball Adjusted OIBDA declined to $ ( 6 ) million , down from $ 52 million in the prior year period . Mixed - Use Development Adjusted OIBDA increased 18 % from the prior year period to $ 21 million . Operating income ( loss ) declined to $ ( 19 ) million in the second quarter of 2026 , down from $ 42 million in the prior year period . Discussion of Results Baseball revenue Mixed - Use Development revenue Total revenue Operating costs and expenses : Baseball operating costs Selling , general and based compensation Adjusted OIBDA ( 1 ) Operating income ( loss ) Three months ended June 30 , Six months ended June 30 , 2026 2025 % Change 2026 2025 % Change amounts in thousands amounts in thousands $ 276,437 $ 287,319 28,682 25,121 305,119 312,440 ( 4 ) % $ 322,183 $ 315,940 2 % 14 % 54,943 43,711 26 % ( 2 ) % 377,126 359,651 5 % ( 252,042 ) ( 210,809 ) 20 % Mixed - Use Development costs ( 4,553 ) ( 3,633 ) 25 % ( 308,658 ) ( 259,572 ) ( 8,811 ) 19 % ( 6,041 ) 46 % administrative , excluding stock- ( 36,735 ) ( 32,294 ) $ 11,789 $ 65,704 14 % ( 65,425 ) ( 56,883 ) ( 82 ) % $ ( 5,768 ) $ 37,155 15 % NM $ ( 18,543 ) $ 41,787 NM $ ( 59,794 ) $ ( 2,665 ) NM Regular season home period games in 34 40 39 40
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2 Unless otherwise noted, the following discussion compares financial information for the three months ended June 30, 2026 to the same period in 2025. Baseball revenue is derived from two primary sources on an annual basis: (i) baseball event revenue (ticket sales, concessions, advertising sponsorships, suites and premium seat fees) and (ii) media related revenue (including BravesVision and national broadcasting rights). Mixed-Use Development revenue is derived primarily from a real estate portfolio including the mixed-use facility The Battery Atlanta and primarily includes rental income. The following table disaggregates revenue by segment and by source: Three months ended Six months ended June 30, June 30, 2026 2025 % Change 2026 2025 % Change amounts in thousands amounts in thousands Baseball: Baseball event $ 161,011 $ 180,349 (11)% $ 184,749 $ 181,232 2 % Media related 72,853 81,068 (10)% 75,372 85,359 (12)% Retail and licensing 21,836 18,566 18 % 29,119 24,646 18 % Other 20,737 7,336 183 % 32,943 24,703 33 % Baseball revenue 276,437 287,319 (4)% 322,183 315,940 2 % Mixed-Use Development 28,682 25,121 14 % 54,943 43,711 26 % Total revenue $ 305,119 $ 312,440 (2)% $ 377,126 $ 359,651 5 % There were 34 home games played in the second quarter of 2026 compared to 40 in the prior year period. Baseball revenue decreased 4% in the second quarter of 2026 compared to the prior year primarily driven by a decline in baseball event revenue due to the decrease in regular season home games. Media related revenue declined due to the timing of revenue recognition under BravesVision linear distribution agreements compared to our previous long-term local broadcasting arrangement and changes in certain national media rights arrangements, resulting in an increase in the commercialization of digital media rights through MLB Advanced Media, L.P. (“MLBAM”). These decreases were partially offset by an increase in retail and licensing revenue due to the demand for City Connect apparel which launched in April 2026 and higher league-wide revenue, partially offset by the decrease in regular season home games. Other revenue increased due to an increase in special events held at Truist Park, including hosting three games for the Savannah Bananas and an additional concert. Mixed-Use Development revenue increased 14% for the second quarter of 2026 primarily due to an increase in rental income driven by increases in tenant recoveries and new lease agreements. Operating income (loss) and Adjusted OIBDA(1) decreased in the second quarter of 2026 compared to the prior year primarily due to increases in operating and selling, general, and administrative expenses. Baseball operating costs increased primarily due to increases in major league player salaries, expenses associated with the production of BravesVision, expenses for special events held at Truist Park and expenses related to MLB’s revenue sharing plan and other shared expenses. Selling, general and administrative expenses increased due to the sales, marketing and administrative costs associated with BravesVision, other sales and marketing costs and personnel costs.
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3 FOOTNOTES 1) For a definition of Adjusted OIBDA (as defined by ABH) and the applicable reconciliation to the most comparable Generally accepted accounting principles (“GAAP”) measure, see “Non-GAAP Financial Measures and Supplemental Disclosures,” below. Conference Call Information: Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) will discuss ABH’s financial results on a conference call which will begin at 10:00 a.m. (E.T.) on August 5, 2026. The call can be accessed by dialing (833) 461-5787 or +1 (585) 542-9983, passcode 699627856 at least 10 minutes prior to the start time. The call will also be broadcast live across the Internet and archived on our website. To access the webcast, go to https://www.bravesholdings.com/investors/news-events/ir-calendar. Links to this press release will also be available on the ABH website. About Atlanta Braves Holdings, Inc.: Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) consists primarily of the Major League Baseball franchise the Atlanta Braves and a real estate portfolio including the mixed-use development The Battery Atlanta, which is located adjacent to the Braves stadium, Truist Park. For more information, please visit our website at https://www.bravesholdings.com/investors. During the conference call, ABH may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end. ABH’s responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously. This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the business, product and marketing strategies, new service offerings, future financial performance and prospects, trends and any other matters that are not historical facts. The words “will,” “believe,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “strategy,” “continue,” “seek,” “may,” “could” and similar expressions or statements regarding future periods are intended to identify forward-looking statements, although not all forward- looking statements may contain such words. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but such statements necessarily involve risks and uncertainties and there can be no assurance that the expectation or belief will result or be achieved or accomplished. Given these uncertainties, we caution you not to place undue reliance on these forward-looking statements. The risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, include, without limitation: the impact of BravesVision and ABH’s ability to operate it as a successful media production and distribution company; the achievement of on-field success; ABH’s ability to develop, obtain and retain talented players; the regulatory and competitive environment of the industries in which ABH operates; the impact of organized labor on ABH, including any potential Major League Baseball (“MLB”) work stoppages such as strikes, protests or management lockouts; the impact of the structure or an expansion of MLB; changes in the nature of key strategic relationships with business partners, vendors and joint venturers; ABH’s ability to obtain additional financing on acceptable terms and cash in amounts sufficient to service debt and other financial obligations; ABH’s indebtedness could adversely affect operations and could limit its ability to react to changes in the economy or its industry; ABH’s ownership, management and board of directors structure; ABH’s ability to realize the benefits of acquisitions or other strategic investments; the inherent risks in the real estate business, including, but not limited to, tenant defaults, potential liability relating to environmental matters and liquidity of real estate investments; the outcome of pending or future litigation or investigations; ABH’s ability to attract and retain qualified key personnel; geopolitical incidents, accidents, terrorist acts, pandemics or epidemics, natural disasters, including the effects of climate change, or other events that cause one or more events to be cancelled or postponed, are not covered by insurance, or cause reputational damage to ABH and its affiliates; the impact of data loss or breaches or disruptions of ABH’s information systems and information system security; ABH’s processing, storage, sharing, use, disclosure and protection of personal data could give rise to liabilities; ABH’s ability to use net operating loss and disallowed business interest carryforwards to reduce future tax payments; the operational risks of ABH and its business affiliates with operations outside of the United States; ABH’s common stock and organizational structure; ABH’s stock price has and may continue to fluctuate; the impact of inflation and weak economic conditions on consumer demand for products, services and events offered by ABH;
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4 and the ability of ABH and its affiliates to comply with government regulations, including, without limitation, consumer protection laws and adverse outcomes of regulatory proceedings. These forward- looking statements and such risks, uncertainties, and other factors speak only as of the date of this press release, and ABH expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, to reflect any change in ABH’s expectations with regard thereto, or any change in events, conditions or circumstances on which any such statement is based except to the extent required by law. Please refer to the publicly filed documents of ABH, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as may be updated by subsequent filings under the Securities Exchange Act of 1934, as amended, including Forms 10-Q and 8- K, for additional information about ABH and about the risks and uncertainties related to ABH’s business which may affect the statements made in this press release.
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5 NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTAL DISCLOSURES SCHEDULE 1: Reconciliation of Adjusted OIBDA to Operating Income (Loss) To provide investors with additional information regarding our financial results, this press release includes a presentation of Adjusted OIBDA, which is a non-GAAP financial measure, for ABH together with reconciliations to operating income, as determined under GAAP. ABH defines Adjusted OIBDA as operating income (loss) plus stock-based compensation, depreciation and amortization, separately reported litigation settlements, restructuring, acquisition and impairment charges. However, ABH’s definition of Adjusted OIBDA may differ from similarly titled measures disclosed by other companies. ABH believes Adjusted OIBDA is an important indicator of the operational strength and performance of its businesses by identifying those items that are not directly a reflection of each business’ performance or indicative of ongoing business trends. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between businesses and identify strategies to improve performance. Because Adjusted OIBDA is used as a measure of operating performance, ABH views operating income as the most directly comparable GAAP measure. Adjusted OIBDA is not meant to replace or supersede operating income or any other GAAP measure, but rather to supplement such GAAP measures in order to present investors with the same information that ABH management considers in assessing the results of operations and performance of its assets. The following table provides a reconciliation of Adjusted OIBDA for ABH to operating income (loss) calculated in accordance with GAAP for the three and six months ended June 30, 2026 and 2025. Three months ended Six months ended June 30, June 30, (amounts in thousands) 2026 2025 2026 2025 Operating income (loss) $ (18,543) $ 41,787 $ (59,794) $ (2,665) Stock-based compensation 6,824 2,646 13,392 5,292 Depreciation and amortization 23,508 21,271 40,634 34,528 Adjusted OIBDA $ 11,789 $ 65,704 $ (5,768) $ 37,155 Baseball $ (5,730) $ 52,047 $ (38,063) $ 12,447 Mixed-Use Development 20,641 17,566 38,237 30,453 Corporate and other (3,122) (3,909) (5,942) (5,745)
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6 SCHEDULE 2: Cash and Debt The following presentation is provided to separately identify cash and debt information. ABH cash decreased $19 million during the second quarter primarily as a result of seasonal working capital changes, capital expenditures and increases in restricted cash held. ABH debt increased $84 million in the second quarter primarily due to net borrowings on the League wide credit facility and TeamCo revolver to support working capital. (amounts in thousands) June 30, 2026 March 31, 2026 ABH Cash (GAAP)(a) $ 116,278 $ 135,197 Debt: Baseball League wide credit facility $ 50,000 $ — MLB facility fund - term 30,000 30,000 MLB facility fund - revolver 35,650 36,225 TeamCo revolver 45,000 10,000 Term debt 148,488 148,488 Mixed-Use Development 485,996 486,689 Total ABH Debt $ 795,134 $ 711,402 Deferred financing costs (2,007) (2,225) Total ABH Debt (GAAP) $ 793,127 $ 709,177 a) Excludes restricted cash held in reserves pursuant to the terms of various financial obligations of $63 million and $34 million as of June 30, 2026 and March 31, 2026, respectively.
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7 ATLANTA BRAVES HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) June 30, December 31, 2026 2025 amounts in thousands Assets Current assets: Cash and cash equivalents $ 116,278 99,884 Restricted cash 62,681 11,694 Accounts receivable and contract assets, net of allowances for credit losses of $343 at both June 30, 2026 and December 31, 2025 86,791 33,566 Other current assets 22,128 13,563 Total current assets 287,878 158,707 Property and equipment, at cost 1,283,196 1,266,030 Accumulated depreciation (419,796) (397,142) 863,400 868,888 Investments in affiliates, accounted for using the equity method 124,977 116,819 Intangible assets not subject to amortization: Goodwill 175,764 175,764 Franchise rights 123,703 123,703 299,467 299,467 Prepaid pension asset 407 — Other assets, net 164,254 171,076 Total assets $ 1,740,383 1,614,957
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8 ATLANTA BRAVES HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (continued) (unaudited) June 30, December 31, 2026 2025 amounts in thousands except share amounts Liabilities and Equity Current liabilities: Accounts payable and accrued liabilities $ 95,906 43,473 Deferred revenue and refundable tickets 149,912 109,829 Current portion of debt 333,236 215,347 Other current liabilities 6,854 8,394 Total current liabilities 585,908 377,043 Long-term debt 459,891 523,284 Finance lease liabilities 96,710 98,566 Deferred income tax liabilities 29,519 41,282 Pension liability — 1,758 Other noncurrent liabilities 41,717 34,842 Total liabilities 1,213,745 1,076,775 Equity: Preferred stock, $.01 par value. Authorized 50,000,000 shares; zero shares issued at both June 30, 2026 and December 31, 2025 — — Series A common stock, $.01 par value. Authorized 200,000,000 shares; issued and outstanding 10,318,187 at both June 30, 2026 and December 31, 2025 103 103 Series B common stock, $.01 par value. Authorized 7,500,000 shares; issued and outstanding 977,751 at both June 30, 2026 and December 31, 2025 10 10 Series C common stock, $.01 par value. Authorized 200,000,000 shares; issued and outstanding 52,871,959 and 51,828,348 at June 30, 2026 and December 31, 2025, respectively 524 514 Additional paid-in capital 1,178,102 1,137,178 Accumulated other comprehensive earnings (loss), net of taxes (2,732) (2,743) Retained earnings (deficit) (661,728) (609,012) Total stockholders' equity 514,279 526,050 Noncontrolling interests in equity of subsidiaries 12,359 12,132 Total equity 526,638 538,182 Commitments and contingencies Total liabilities and equity $ 1,740,383 1,614,957
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9 ATLANTA BRAVES HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three months ended Six months ended June 30, June 30, 2026 2025 2026 2025 amounts in thousands, except per share amounts Revenue: Baseball revenue $ 276,437 287,319 322,183 315,940 Mixed-Use Development revenue 28,682 25,121 54,943 43,711 Total revenue 305,119 312,440 377,126 359,651 Operating costs and expenses: Baseball operating costs 252,042 210,809 308,658 259,572 Mixed-Use Development costs 4,553 3,633 8,811 6,041 Selling, general and administrative, including stock-based compensation 43,559 34,940 78,817 62,175 Depreciation and amortization 23,508 21,271 40,634 34,528 323,662 270,653 436,920 362,316 Operating income (loss) (18,543) 41,787 (59,794) (2,665) Other income (expense): Interest expense (11,583) (11,652) (22,753) (21,996) Share of earnings (losses) of affiliates, net 14,755 10,613 14,435 10,935 Realized and unrealized gains (losses) on financial instruments, net 657 (640) 1,584 (1,277) Other, net 1,407 1,673 2,601 2,886 Earnings (loss) before income taxes (13,307) 41,781 (63,927) (12,117) Income tax benefit (expense) 1,244 (12,287) 11,438 220 Net earnings (loss) (12,063) 29,494 (52,489) (11,897) Less net earnings (loss) attributable to noncontrolling interests 171 — 227 — Net earnings (loss) attributable to Atlanta Braves Holdings' stockholders $ (12,234) 29,494 (52,716) (11,897) Basic net earnings (loss) attributable to Atlanta Braves Holdings' stockholders per common share $ (0.19) 0.47 (0.82) (0.19) Diluted net earnings (loss) attributable to Atlanta Braves Holdings' stockholders per common share $ (0.19) 0.46 (0.82) (0.19)
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10 ATLANTA BRAVES HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Six months ended June 30, 2026 2025 amounts in thousands Cash flows from operating activities: Net earnings (loss) $ (52,489) (11,897) Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 40,634 34,528 Stock-based compensation 13,392 5,292 Share of (earnings) losses of affiliates, net (14,435) (10,935) Realized and unrealized (gains) losses on financial instruments, net (1,584) 1,277 Deferred income tax expense (benefit) (11,763) (5,761) Cash receipts from returns on equity method investments 6,275 5,095 Net cash received (paid) for interest rate swaps (72) 1,632 Other charges (credits), net 896 4,071 Net change in operating assets and liabilities: Current and other assets (73,257) (30,545) Payables and other liabilities 90,756 94,883 Net cash provided by (used in) operating activities (1,647) 87,640 Cash flows from investing activities: Capital expended for property and equipment (15,875) (36,400) Acquisition of real estate assets — (93,709) Other investing activities, net 4 4 Net cash provided by (used in) investing activities (15,871) (130,105) Cash flows from financing activities: Borrowings of debt 130,000 88,509 Repayments of debt (75,956) (5,702) Proceeds (disbursements) from exercise of stock options and other stock issuances 27,542 5,250 Other financing activities, net 3,313 (4,570) Net cash provided by (used in) financing activities 84,899 83,487 Net increase (decrease) in cash, cash equivalents and restricted cash 67,381 41,022 Cash, cash equivalents and restricted cash at beginning of period 111,578 112,599 Cash, cash equivalents and restricted cash at end of period $ 178,959 153,621 Contact: Cameron Rudd – Investor Relations (404) 614-2300 or investorrelations@braves.com