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Atlanta Braves vs Live Nation Entertainment: revenue, profit, margins and growth compared

Atlanta Braves brought in $732.5M of revenue in fiscal 2025, Live Nation Entertainment $25.2B in fiscal 2025. Revenue changed by +10.5% at Atlanta Braves and +8.8% at Live Nation Entertainment on the year before, so Atlanta Braves grew faster. Atlanta Braves kept -3.2% of its revenue as net profit, Live Nation Entertainment 2.0%. Free cash flow was -$68.5M at Atlanta Braves and $333.6M at Live Nation Entertainment.

Side by side, latest fiscal year

BATRALYV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$732.5M$25.2B
Revenue growth+10.5%+8.8%
Net income-$23.4M$496M
Net margin-3.2%2.0%
Free cash flow-$68.5M$333.6M
Free cash flow margin-9.3%1.3%
Earnings per share (diluted)-$0.37-$0.24
Cash$99.9M$7.1B
Debt$738.6M$8.2B
Price to earningsn/an/a
Market value$3.8B$40.5B
Dividend yieldn/an/a
Rank by revenue in sector#537 of 1065 · Consumer discretionary#47 of 1065 · Consumer discretionary

Over the years

Revenue
BATRA FY2023: $588.6MBATRA FY2023: $640.7MBATRA FY2024: $662.7MBATRA FY2025: $732.5MLYV FY2018: $10.8BLYV FY2019: $11.5BLYV FY2020: $1.9BLYV FY2021: $6.3BLYV FY2022: $16.7BLYV FY2023: $22.7BLYV FY2024: $23.2BLYV FY2025: $25.2BFY18FY19FY20FY21FY22FY23FY24FY25
BATRA $732.5MLYV $25.2B
Net income
BATRA FY2023: -$34.2MBATRA FY2023: -$125.3MBATRA FY2024: -$31.3MBATRA FY2025: -$23.4MLYV FY2018: $60.2MLYV FY2019: $69.9MLYV FY2020: -$1.7BLYV FY2021: -$650.9MLYV FY2022: $266.4MLYV FY2023: $556.9MLYV FY2024: $896.3MLYV FY2025: $496MFY18FY19FY20FY21FY22FY23FY24FY25
BATRA -$23.4MLYV $496M
Net margin
BATRA FY2023: -5.8%BATRA FY2023: -19.6%BATRA FY2024: -4.7%BATRA FY2025: -3.2%LYV FY2018: 0.6%LYV FY2019: 0.6%LYV FY2020: -92.7%LYV FY2021: -10.4%LYV FY2022: 1.6%LYV FY2023: 2.5%LYV FY2024: 3.9%LYV FY2025: 2.0%FY18FY19FY20FY21FY22FY23FY24FY25
BATRA -3.2%LYV 2.0%
Revenue growth
BATRA FY2023: +8.9%BATRA FY2024: +3.4%BATRA FY2025: +10.5%LYV FY2019: +7.0%LYV FY2020: -83.9%LYV FY2021: +236.8%LYV FY2022: +166.1%LYV FY2023: +36.2%LYV FY2024: +1.9%LYV FY2025: +8.8%FY19FY20FY21FY22FY23FY24FY25
BATRA +10.5%LYV +8.8%
Free cash flow
BATRA FY2023: $35.7MBATRA FY2023: -$67.4MBATRA FY2024: -$69.4MBATRA FY2025: -$68.5MLYV FY2018: $701.8MLYV FY2019: $146.2MLYV FY2020: -$1.3BLYV FY2021: $1.6BLYV FY2022: $1.5BLYV FY2023: $924.4MLYV FY2024: $1.1BLYV FY2025: $333.6MFY18FY19FY20FY21FY22FY23FY24FY25
BATRA -$68.5MLYV $333.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Atlanta Braves and Live Nation Entertainment

Which is bigger by revenue, Atlanta Braves or Live Nation Entertainment?

Live Nation Entertainment is bigger by revenue: $25.2B in fiscal 2025, against $732.5M for Atlanta Braves in fiscal 2025.

Which keeps more of its revenue as profit, Atlanta Braves or Live Nation Entertainment?

Atlanta Braves had a net margin of -3.2% in fiscal 2025; Live Nation Entertainment had 2.0% in fiscal 2025.

Which grew revenue faster, Atlanta Braves or Live Nation Entertainment?

In their latest fiscal years revenue changed by +10.5% at Atlanta Braves and +8.8% at Live Nation Entertainment.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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