亚特兰大勇士控股公司-A 2024年度报告

                                     Certain statements in this Annual Report constitute forward-looking statements within the meaning of the Private Securities LitigationReform Act of 1995, including statements regarding business, product and marketing strategies; new service offerings; the recoverabilityof our goodwill and other long-lived assets; our projected sources and uses of cash; and the anticipated impact of certain contingent liabilitiesrelated to legal and tax proceedings and other matters arising in the ordinary course of business. The words “believe,” “estimate,”“expect,” “anticipate,” “intend,” “plan,” “strategy,” “continue,” “seek,” “may,” “could” and similar expressions or statements regardingfuture periods are intended to identify forward-looking statements, although not all forward-looking statements may contain such words.In particular, statements in our “Letter to Shareholders;” “Management’s Discussion and Analysis of Financial Condition and results ofOperations;” and “Quantitative and Qualitative Disclosures About Market Risk” contain forward-looking statements. Forward-lookingstatements inherently involve many risks and uncertainties that could cause actual results to differ materially from those projected in these •the Company’s historical financial information is not necessarily representative of its future financial position, future results ofoperations or future cash flows;•the Company’s ability to recognize anticipated benefits from the Split-Off;•the incurrence of costs as a standalone public company following the Split-Off;•the ability of the Company to successfully transition responsibilities for various matters from Liberty to Company or third-partypersonnel;•the Company’s ownership, management and board of directors structure;•the Company’s ability to obtain additional financing on acceptable terms and cash in amounts sufficient to service debt and otherfinancial obligations;•the Company’s indebtedness could adversely affect operations and could limit its ability to react to changes in the economy or its •geopolitical incidents, accidents, terrorist acts, pandemics or epidemics, natural disasters, including the effects of climate change, orother events that cause one or more events to be cancelled or postponed, are not covered by insurance, or cause reputational damage These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this Annual Report, and weexpressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein,to reflect any change in our expectations with regard thereto, or any other change in events, conditions or circumstances on which anysuch statement is based, except to the extent required by law. When considering such forward-looking statements, you should keep in mindany risk factors identified and other cautionary statements contained in this Annual Report and in our publicly filed documents, including April 24, 2025 Dear Fellow Shareholders, This past year has been one of transformation and growth for our company, Atlanta Braves Holdings, Inc. We have thrived as a standalonepublicly traded entity seeing increased baseball and mixed-use revenue. And while we did not achieve our ultimate goal of winning another World Series, we overcame a number of challenges on the field to make our 7thconsecutive Postseason appearance. Importantly,we continue to be one of the premier organizations across all professional sports, with a diversified business model that serves as anexample for others in both the U.S. and around the world to emulate. Excellence is one of our foundational values and that extends to how we approach running our business as a public company. We aredeeply committed to creating value for our shareholders and executing a plan that achieves both financial results and strong operating Truly, there is no better time to be a Braves fan and shareholder than now, and we are excited about the future. As we reflect on 2024 and embark on the 2025 season, let me share a few of those highlights. THE TEAM The 2024 season was a strong year for the team, which was highlighted by the success of two veteran players who reflect our commitmentto winning. Chris Sale was named the National League Cy Young Award winner and became the fifth player in franchise history to winthe pitching Triple Crown, leading the league in wins, strikeouts and ERA. Marcell Ozuna, who led the team in all major offensive statistics, As the 2025 season gets underway our entire organization is excited about the return of top talent like Ronald Acuña Jr., Austin Riley,Spencer Strider, Michael Harris and Ozzie Albies, who dedicated themselves to healing following their injuries last year. These elite players coupled with our outstanding coaching staff who work tirelessly behind the scenes position us to be a top-performing