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BATRA on Nasdaq

Atlanta Braves Holdings, Inc.

Atlanta Braves Holdings, Inc. is an American amusement and recreation services company, incorporated in Nevada.1 Its shares trade on Nasdaq under the symbol BATRA.1

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Last updated Oct 21, 2026.

Overview

$732.5MRevenue, fiscal 20252
-$23.4MNet income, fiscal 20252

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  • TickerBATRA on Nasdaq1
  • IndustryServices-Amusement & Recreation Services1
  • HeadquartersAtlanta, Georgia1
  • Incorporated inNV3
  • Business address755 Battery Avenue Se, Atlanta, Ga 303393
  • Filer categoryLarge accelerated filer3

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Atlanta Braves Holdings, Inc. (“Atlanta Braves Holdings,” “the Company,” “us,” “we,” or “our”) is primarily comprised of Braves Holdings, LLC (“Braves Holdings”), a wholly-owned subsidiary, and corporate cash.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-1.8%Operating margin2
-3.2%Net margin2
10.5%Revenue growth, 20252
-4.4%Return on equity2
0.99×Debt to equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Baseball Event brought in 49% of the revenue Atlanta Braves Holdings, Inc. broke down this way in fiscal 2025.

  1. Baseball Event$357.8M249%up 3% from 2024
  2. Broadcasting$188.6M226%up 14% from 2024
  3. Mixed-Use Development$97.4M213%up 45% from 2024
  4. Retail And Licensing$46.5M26%down 3% from 2024
  5. Product and Service, Other$42.1M26%up 25% from 2024
Products and services by year
Products and services202320242025
Baseball Event$339.5M$347.9M$357.8M
Broadcasting$160.9M$166.1M$188.6M
Mixed-Use Development$59.0M$67.3M$97.4M
Retail And Licensing$51.5M$47.8M$46.5M
Product and Service, Other$29.7M$33.7M$42.1M

Business segments

Baseball. brought in 87% of the revenue Atlanta Braves Holdings, Inc. broke down this way in fiscal 2025.

  1. Baseball.$635.1M287%up 7% from 2024
  2. Mixed Use Development$97.4M213%up 45% from 2024
Business segments by year
Business segments202320242025
Baseball.$581.7M$595.4M$635.1M
Mixed Use Development$59.0M$67.3M$97.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin18¢$128.9M
  • Other costs82¢$602.8M
  • Income tax0¢$831.0K

Out of $732.5M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$25.2M

Out of $25.2M of cash from operations.2

Financial statements

Revenue62$732.5M in 2025+24% since 2022
0$200.0M$400.0M$600.0M$800.0M2022: $588.6M$588.6M20222023: $640.7M$640.7M2023+9%2024: $662.7M$662.7M2024+3%2025: $732.5M$732.5M2025+11%
Operating income62-$13.5M in 2025−56% since 2022
-$60.0M-$40.0M-$20.0M02022: -$30.6M-$30.6M20222023: -$46.4M-$46.4M2023+52%2024: -$39.7M-$39.7M2024−15%2025: -$13.5M-$13.5M2025−66%
Net income62-$23.4M in 2025−32% since 2022
-$150.0M-$100.0M-$50.0M02022: -$34.2M-$34.2M20222023: -$125.3M-$125.3M2023+267%2024: -$31.3M-$31.3M2024−75%2025: -$23.4M-$23.4M2025−25%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$732.5M$662.7M$640.7M
Selling, general and administrative, including stock-based compensation$128.9M$125.7M$124.9M
Impairment expense$30.1M
Depreciation and amortization$75.6M$62.8M$71.0M
Total operating costs and expenses$746.0M$702.4M$687.1M
Operating income (loss)-$13.5M-$39.7M-$46.4M
Interest expense-$46.4M-$38.8M-$37.7M
Share of earnings (losses) of affiliates, net (note 5)$29.4M$30.5M$27.0M
Realized and unrealized gains (losses) on intergroup interests, net-$83.2M
Realized and unrealized gains (losses) on financial instruments, net-$1.0M$3.4M$2.3M
Gains (losses) on dispositions, net$2.3M
Other, net$7.4M$8.6M$6.5M
Earnings (loss) before income taxes-$24.1M-$35.9M-$129.2M
Income tax benefit (expense) (note 9)$831.0K$4.7M$3.9M
Net earnings (loss)-$23.3M-$31.3M-$125.3M
Less net earnings (loss) attributable to noncontrolling interests$87.0K
Net earnings (loss) attributable to Atlanta Braves Holdings' shareholders-$23.4M-$31.3M-$125.3M
Basic net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (note 2) (in dollars per share)-$0.37-$0.50-$2.03
Diluted net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (in dollars per share)-$0.37-$0.50-$2.03

Compare Atlanta Braves Holdings, Inc. with another company

Corporate structure

Atlanta Braves Holdings, Inc. sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Atlanta Braves Holdings, Inc.

  • GAMCO Investors Filed SCHEDULE 13D/A on Atlanta Braves Holdings, Inc., latest Sep 2, 2026 (4 filings since Jul 25, 2023)
  • Broad Bay Capital Management, LP Filed SCHEDULE 13G/A on Atlanta Braves Holdings, Inc., latest Aug 14, 2026 (2 filings since May 15, 2026)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Atlanta Braves Holdings, Inc., latest Jul 31, 2026 (2 filings since Apr 29, 2026)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Atlanta Braves Holdings, Inc., latest Mar 26, 2026 (5 filings since Feb 13, 2024)
  • John C. Malone Filed SCHEDULE 13D/A on Atlanta Braves Holdings, Inc., latest Feb 9, 2026 (10 filings since Jul 20, 2023)
  • BlackRock Filed SCHEDULE 13G/A on Atlanta Braves Holdings, Inc., latest Jul 16, 2025 (3 filings since Feb 14, 2024)
  • Terence F. McGuirk Filed SC 13D on Atlanta Braves Holdings, Inc., latest Aug 23, 2024
  • SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Filed SC 13G on Atlanta Braves Holdings, Inc., latest Feb 14, 2024
  • Atlanta Braves Holdings, Inc. Atlanta, Georgia
    • Atlanta Braves DR, Inc. Subsidiary · Dominican Republic

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Atlanta Braves Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.3B2 Dec 31, 2025$1.2B2 Dec 31, 2024+9.0%
Accumulated depreciation$397.1M2 Dec 31, 2025$354.3M2 Dec 31, 2024+12.1%
Property and equipment, net$868.9M2 Dec 31, 2025$807.5M2 Dec 31, 2024+7.6%
Operating-lease assets (leased space)$2.0M2 Dec 31, 2025$3.8M2 Dec 31, 2024−47.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$99.9M2 Dec 31, 2025$110.1M2 Dec 31, 2024−9.3%
Stakes in other companies (equity method)$116.8M2 Dec 31, 2025$108.8M2 Dec 31, 2024+7.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$175.8M2 Dec 31, 2025$175.8M2 Dec 31, 20240%

Properties, in its own words

Atlanta Braves Holdings principal office facilities are located at 755 Battery Avenue SE, Atlanta, Georgia, 30339. The principal office facilities are located within Truist Park, which is leased from Cobb County, Cobb-Marietta Coliseum and Exhibit Hall Authority.

Baseball

The rest of Item 2

For a description of property used and operated in connection with the Baseball segment, see “Item 1. Business— Braves Facilities.”

Mixed-Use Development

The Battery Atlanta is situated on 82 acres of land in Cobb County, Georgia, including the 16 acres that Truist Park resides on, and has been developed into 1.5 million square-feet of leasable area, not including 0.5 million square-feet associated with apartment residences sold in 2018.

Pennant Park is a six-building office park situated on 34 acres of land adjacent to The Battery Atlanta acquired in April 2025, which includes 0.8 million square-feet of leasable area.

For further description of the property used and operated in connection with the Mixed-Use Development segment, inclusive of Pennant Park and the land under development adjacent to CoolToday Park, see “Item 1. Business—The Battery Atlanta.”

Item 2 of the 10-K filed Feb 26, 2026.5

Leadership

Who has led Atlanta Braves Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Greg Maffei2023–2024
  2. Terence F. McGuirk2024–now

Chair

  1. Terence F. McGuirk2024–now

President

  1. Greg Maffei2023–2024
  2. Terence F. McGuirk2025–now

Chief financial officer

  1. Jill L. Robinson2024–now
2025
Board members and other officers (12)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Atlanta Braves DR, Inc. Dominican Republic4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 5, 20268-K Results of operations26
  2. May 22, 20268-K Shareholder vote27
  3. May 11, 20268-K Results of operations28
  4. Feb 25, 20268-K Results of operations29
  5. Feb 24, 20268-K Regulation FD disclosure30
  6. Nov 5, 20258-K Results of operations31
  7. Aug 7, 20258-K Results of operations32
  8. Jul 3, 20258-K Executive or director change33
  9. Jun 18, 20258-K Regulation FD disclosure34
  10. Jun 13, 20258-K Shareholder vote35
  11. May 12, 20258-K Results of operations36
  12. Apr 2, 20258-K Regulation FD disclosure; Other events37
  13. Aug 23, 2024New chief executive Terence F. McGuirk becomes CEO12
  14. Jul 17, 2023New chief executive Greg Maffei becomes CEO13

Calendar

Coming up

  1. Nov 4, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.47 a share, on Nov 5, 2025.38

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results26
  2. May 11, 2026Reported quarterly or annual results28
  3. Feb 25, 2026Reported quarterly or annual results29
  4. Nov 5, 2025Reported quarterly or annual results31
  5. Aug 7, 2025Reported quarterly or annual results32
  6. May 12, 2025Reported quarterly or annual results36
  7. Feb 26, 2025Reported quarterly or annual results39
  8. Nov 7, 2024Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

294 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 36 major events, 140 insider forms, 28 large holders, 77 other. The latest 20:

  1. Oct 1, 20264 EDGAR
  2. Oct 1, 20264 EDGAR
  3. Sep 30, 2026144 EDGAR
  4. Sep 29, 2026144 EDGAR
  5. Sep 2, 2026SCHEDULE 13D/A EDGAR
  6. Aug 21, 20264 EDGAR
  7. Aug 19, 2026144 EDGAR
  8. Aug 14, 2026SCHEDULE 13G/A EDGAR
  9. Aug 5, 202610-Q EDGAR
  10. Aug 5, 20268-K EDGAR
  11. Jul 31, 2026SCHEDULE 13G/A EDGAR
  12. May 22, 20268-K EDGAR
  13. May 15, 2026SCHEDULE 13G EDGAR
  14. May 11, 202610-Q EDGAR
  15. May 11, 20268-K EDGAR
  16. Apr 29, 2026SCHEDULE 13G EDGAR
  17. Apr 2, 2026ARS EDGAR
  18. Apr 2, 2026DEFA14A EDGAR
  19. Apr 2, 2026DEF 14A EDGAR
  20. Mar 26, 2026SCHEDULE 13G/A EDGAR

The 294 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

89 open-market trades by officers, directors and large owners since October 2021: 46 buys and 43 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026Robinson Jill L.EVP, CFO & TreasurerSale30,263$52.84$1.6MForm 4
Mar 2, 2026Associated Capital Group, Inc.10% ownerSale500$48.20$24.1KForm 4
Feb 25, 2026MALONE JOHN C10% ownerBuy10,868$58.00$630.3KForm 4
Feb 25, 2026MALONE JOHN C10% ownerSale14,614$43.13$630.3KForm 4
Feb 13, 2026Robinson Jill L.EVP, CFO & TreasurerSale60,000$42.00$2.5MForm 4
Feb 5, 2026MALONE JOHN C10% ownerBuy35,000$44.23$1.5MForm 4
Feb 4, 2026MALONE JOHN C10% ownerBuy3,669$48.17$176.7KForm 4
Feb 2, 2026Robinson Jill L.EVP, CFO & TreasurerSale20,000$40.00$800.0KForm 4
Dec 12, 2025Heller Gregory JohnEVP, CLO & SecretarySale7,423$39.71$294.8KForm 4
Dec 12, 2025Plant Michael P.EVP, DevelopmentSale4,874$39.74$193.7KForm 4
Dec 12, 2025Robinson Jill L.EVP, CFO & TreasurerSale3,830$39.70$152.1KForm 4
Dec 12, 2025Schiller Derek GordonEVP, BusinessSale4,874$39.73$193.6KForm 4
Dec 12, 2025MCGUIRK TERENCE FChairman, President & CEOSale6,688$39.72$265.6KForm 4
Dec 12, 2025Rhodes DeRetta C.See remarksSale826$39.71$32.8KForm 4
Dec 5, 2025Robinson Jill L.EVP, CFO & TreasurerSale6,875$38.65$265.7KForm 4
Dec 5, 2025Plant Michael P.EVP, DevelopmentSale8,893$38.65$343.7KForm 4
Dec 5, 2025Rhodes DeRetta C.See remarksSale1,501$38.70$58.1KForm 4
Dec 5, 2025Heller Gregory JohnEVP, CLO & SecretarySale6,122$38.63$236.5KForm 4
Dec 5, 2025MCGUIRK TERENCE FChairman, President & CEOSale12,012$38.63$464.0KForm 4
Dec 5, 2025Schiller Derek GordonEVP, BusinessSale8,343$38.63$322.3KForm 4

All 89 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Terence F. McGuirkChairman, President and Chief Executive Officer$1.1M$19.9M49
2025Derek G. SchillerExecutive Vice President, Business$2.1M$8.7M49
2025Michael P. PlantExecutive Vice President, Development$1.3M$7.1M49
2025Gregory J. HellerExecutive Vice President, Chief Legal Officer and Secretary$825.0K$4.5M49
2025Jill L. RobinsonExecutive Vice President, Chief Financial Officer and Treasurer$825.0K$4.4M49
2024Terence F. McGuirkChairman, President and Chief Executive Officer$1.1M$4.3M49
2024Derek G. SchillerExecutive Vice President, Business$2.0M$3.9M49
2024Michael P. PlantExecutive Vice President, Development$1.2M$2.7M49
2024Jill L. RobinsonExecutive Vice President, Chief Financial Officer and Treasurer$800.0K$1.8M49
2024Gregory J. HellerExecutive Vice President, Chief Legal Officer and Secretary$800.0K$1.8M49
2023Terence F. McGuirkChairman, President and Chief Executive Officer$1.1M$8.8M49

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gamco Investors, Inc. Et Al2,144,996$120.8M1.1%−28,210
Gabelli Funds LLC917,332$51.7M0.3%No change
BlackRock, Inc.548,568$30.9M0.0%+18,690
Vanguard Capital Management LLC409,165$23.0M0.0%−118,059
Renaissance Technologies LLC347,700$19.6M0.0%+13,000
Morgan Stanley311,836$17.6M0.0%+26,735
State Street Corp238,949$13.5M0.0%+22,888
Geode Capital Management, LLC225,122$12.7M0.0%−7,133
Dimensional Fund Advisors LP225,022$12.7M0.0%+3,106
Roundview Capital LLC174,813$9.8M0.5%−1,267
Third Avenue Management LLC111,880$6.3M1.0%−52,558
Millennium Management LLC104,438$5.9M0.0%+821
Focus Partners Wealth101,383$5.7M0.0%+1,111
Vanguard Portfolio Management LLC100,269$5.6M0.0%+7,176
Hudson Value Partners, LLC96,702$5.4M1.4%+6,525
Quantinno Capital Management LP96,236$5.4M0.0%+32,964
Jpmorgan Chase & Co90,342$5.1M0.0%−1,398
Bislett Management, LLC75,000$4.2M2.9%No change
Vanguard Fiduciary Trust Co73,066$4.1M0.0%−32,301
Northern Trust Corp67,652$3.8M0.0%+1,999
UBS Group AG51,081$2.9M0.0%−8,505
Goldman Sachs Group Inc44,127$2.5M0.0%−9,015
Hawk Ridge Capital Management LP43,331$2.4M0.1%No change
Congress Park Capital LLC43,117$2.4M0.7%+4,300
Pinnacle Associates Ltd36,826$2.1M0.0%+3

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Nov 21, 2022John W. HickenlooperDemocratic, SenateBuy$1,001 - $15,000−34.3%Report
Nov 21, 2022John W. HickenlooperDemocratic, SenatePartial sale$15,001 - $50,000+34.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Atlanta Braves Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAtlanta Braves Holdings, Inc.1
  • CIK0001958140
  • Employer ID (EIN)92-12848275
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inNevada5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7900 Services-Amusement & Recreation Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address755 Battery Avenue Se, Atlanta, GA 303391
  • Phone40461423001
  • Shares outstanding10,318,187 Common Class A shares; 977,751 Common Class B shares; 52,618,952 Common Class C shares as of Jan 31, 20265
  • Public float$2.5B as of Jun 30, 20255
  • AuditorKPMG LLP, Atlanta, GA PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceDec 20, 20221
  • Filings294 in all: 4 (121), 8-K (36), 144 (30), 3 (16), 10-Q (10), SCHEDULE 13D/A (9), 425 (7), CORRESP (7)1
    All 31 form types

    S-4/A (6), SCHEDULE 13G/A (6), 424B3 (5), SC 13G (4), UPLOAD (4), 10-K (3), ARS (3), DEF 14A (3), SC 13D (3), SC 13D/A (3), SCHEDULE 13G (3), 4/A (2), DEFA14A (2), EFFECT (2), 144/A (1), 3/A (1), 8-A12B (1), CERT (1), POS EX (1), S-1 (1), S-1/A (1), S-4 (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 2, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Series A common stockBATRANasdaq
Series C common stockBATRKNasdaq

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Atlanta Braves Holdings, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 39 risks under these headings, as written.5

  • Factors Relating to Our Business
  • Broadcasting rights, both national and local, present an important source of revenue for us, and decreases in this broadcasting revenue could have an adverse effect on our financial results.
  • Our business’ financial success depends, in large part, on the Braves achieving on-field success.
  • The success of the Braves depends largely on their ability to develop, obtain and retain talented players.
  • Determining the market value of an MLB player is difficult, subject to market conditions and involves the use of subjective inputs and significant assumptions, any of which may prove to be inaccurate.
  • The risk of injuries to key or popular players creates uncertainty and could negatively impact financial results.
  • Focus on team performance, and decisions by management, may negatively impact financial results in the short-term.
  • Organized labor matters could have an adverse effect on our financial results.
  • The organizational structure of MLB and its rules and regulations impose substantial restrictions on our and our subsidiaries’ operations.
  • The possibility of MLB expansion could create increased competition.
  • Viewership, and interest in baseball generally, may fluctuate due to factors outside of our control.
  • Our ability to incur indebtedness to fund our operations will be limited, which could negatively impact our operations.
The other 28 risks
  • Certain covenants included in the documents governing our indebtedness impose limitations on the liquidity of our business.
  • Our holding company structure could restrict access to funds of our subsidiaries that may be needed to pay third-party obligations.
  • We do not own Truist Park and any failure to comply with the terms of the Stadium Operating Agreement for Truist Park could result in the termination of our operating subsidiaries’ rights to operate, and play home games at Truist Park, which could adversely impact the Braves’ reputation and our baseball business, financial condition and results of operations.
  • Our subsidiaries have incurred and are expected to continue to incur significant indebtedness, including borrowings used or to be used to finance the construction, development and/or ongoing operations of Braves Holdings, the Braves’ stadium, the Mixed-Use Development and a spring training facility, which could negatively impact our financial condition.
  • Development activities, such as those associated with the Mixed-Use Development, are subject to significant risks.
  • Failure of lessees of the Mixed-Use Development to renew their leases as they expire and improvement costs associated with new leases may adversely impact our cash flow from operations, which could negatively impact our financial condition.
  • Negative market conditions or adverse events affecting existing or potential lessees of the Mixed-Use Development or the industries in which they operate, could have an adverse impact on our ability to attract new lessees, collect rent or renew leases at the Mixed-Use Development, which could adversely affect our cash flow from operations and inhibit growth.
  • Fans attending professional baseball games risk personal injury or accident, which could subject us to personal injury or other claims and could increase our expenses.
  • Our ability to retain and attract key personnel could adversely impact our success.
  • We may be adversely affected by the occurrence of extraordinary events, such as terrorist attacks or future pandemics or epidemics.
  • Poor weather may adversely affect attendance at professional baseball games.
  • Data loss or other incidents or disruptions of our information systems and information system security could materially harm our business and results of operations.
  • The processing, storage, sharing, use, disclosure and protection of personal data could give rise to liabilities as a result of governmental regulation, conflicting legal requirements or differing views of personal privacy rights.
  • The Company’s ability to use net operating loss and disallowed business interest carryforwards to reduce future tax payments could be negatively impacted.
  • Applicable domestic and foreign laws and regulations, including tax laws, which are subject to change, could have a material adverse impact on our business.
  • Factors Relating to Ownership of Our Common Stock, Corporate Structure and the Securities Market
  • Our multi-series structure may depress the trading price of the shares of our common stock.
  • It may be difficult for a third-party to acquire us, even if doing so may be beneficial to our stockholders.
  • John C. Malone owns shares of our common stock representing approximately 50.0% of our aggregate voting power, which puts him in a position to influence significant corporate actions and may discourage others from initiating a potential change of control transaction that may be beneficial to our stockholders.
  • In the future, we may qualify as a “controlled company” under The Nasdaq Stock Market listing standards, and our stockholders may not have certain corporate governance protections that are available to stockholders of companies that are not controlled companies.
  • Our multi-series voting structure may limit our stockholders’ ability to influence corporate matters and future issuances of BATRB may further dilute voting power of shares of BATRA.
  • The holders of any series of our common stock, or the holders of our common stock as a whole, may not have any remedies if an action by our directors or officers prioritizes other interests or has a disparate effect on our common stock or any series thereof.
  • We may have a significant indemnity obligation to Liberty Media.
  • Liberty, its subsidiaries and certain related persons are not limited in amount or subject to any cap. If we are required to indemnify Liberty, its subsidiaries or such related persons under the circumstances set forth in the tax sharing agreement, we may be subject to substantial liabilities, which could materially adversely affect our financial position.
  • General Risk Factors
  • Weak or uncertain economic conditions may impact our business, including reduced consumer demand for products, services and events offered by us.
  • Our directors and officers have significant protections from individual liability under Nevada law.
  • Our restated charter provides that the Eighth Judicial District Court of the State of Nevada shall be the exclusive forum for certain litigation that may be initiated by our stockholders, and that the federal courts shall be the exclusive forum for claims under the Securities Act; these provisions could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • We are obligated to develop and maintain proper and effective internal control over financial reporting. These internal controls may not be determined to be effective, which may adversely affect investor confidence in our Company and, as a result, the value of our common stock.

Legal proceedings

Refer to note 13 in the accompanying notes to the consolidated financial statements for information on our legal proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

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