Atlanta Braves Holdings, Inc. operates as a holding company for the Atlanta Braves Major League Baseball Club, Truist Park and the mixed-use real estate development The Battery Atlanta. News releases commonly cover Baseball segment revenue from ticket sales, concessions, broadcasting rights, sponsorships, suites, premium seating, retail, licensing and shared MLB revenue streams, along with Mixed-Use Development revenue from leases, tenant recoveries and sponsorship activity.
Company updates also report quarterly and annual results, operating costs tied to player salaries, MLB revenue sharing, stadium events and minor league operations, and real estate costs associated with assets adjacent to The Battery Atlanta. BravesVision adds a recurring media topic, with the organization overseeing production, sales, marketing and distribution of local television broadcasts.
- Baseball revenue grew 30% to $29 million, driven by increased broadcasting revenue from more regular season games and contractual rate increases - Mixed-use development revenue rose 23% to $19 million due to new lease commencements and higher parking/sponsorship revenue - Operating loss improved 15% to $44.5 million - The Braves achieved seven sellout games in the first three homestands
Broadcasting revenue saw significant growth of 104%, while retail and licensing revenue increased 8%. The Battery Atlanta's performance improved with Mixed-Use Development generating $13 million in Adjusted OIBDA, up 30% year-over-year. Operating costs increased primarily due to higher major league player salaries and MLB's revenue sharing expenses.
Atlanta Braves Holdings (NASDAQ: BATRA, BATRK) has scheduled its first quarter 2025 earnings conference call for Monday, May 12th at 10:00 a.m. E.T. The company will release its Q1 2025 financial results before market opening on the same day.
Investors can participate in the conference call through InComm Conferencing at (877) 407-9709 or +1 (201) 689-8542 using confirmation code 13753468. The call will also be available as a live webcast through the company's website at bravesholdings.com.
Atlanta Braves Holdings owns and operates the Atlanta Braves Major League Baseball Club, manages Truist Park stadium, and holds a real estate portfolio including The Battery Atlanta mixed-use development.
Atlanta Braves Holdings (BATRA) has acquired Pennant Park, a six-building office complex adjacent to The Battery Atlanta. The property encompasses 763,465 square feet of office space on 34 acres with over 2,700 parking spaces. The complex, previously owned by Rubenstein Partners, maintains over 80% occupancy with 24 diverse tenants, including anchor tenant The Home Depot.
The acquisition includes two components: Pennant Commons (four buildings on 17 acres with 1,700+ parking spaces) and Pennant View (two buildings on 17 acres with 970+ parking spaces). The property features premium amenities including fitness centers, conference facilities, and recreational areas. This strategic acquisition expands the company's land footprint by over 30% and increases total available square footage to over 3 million across various properties.
Atlanta Braves Holdings (BATRA) reported strong financial results for Q4 and full-year 2024. Total revenue reached $663 million in Q4, up from $641 million year-over-year. The company's performance was driven by two main segments:
Baseball revenue increased 2% to $595 million annually, supported by new sponsorship agreements and contractual rate increases, despite reduced regular season attendance. Mixed-use development revenue showed impressive growth, rising 14% to $67 million, with a 21% increase in Q4 due to higher rental income and parking revenue.
The company opened the new Outfield Market, an eight-stall food hall. Operating income and Adjusted OIBDA improved for the full year, as revenue growth and decreased administrative expenses offset higher baseball operating costs. The Battery Atlanta mixed-use facilities continued to perform well, generating $45 million in Adjusted OIBDA, up 15% from the previous year.
Atlanta Braves Holdings (NASDAQ: BATRA, BATRK) has scheduled its fourth quarter and year-end 2024 earnings conference call for Wednesday, February 26 at 10:00 a.m. E.T. The company will release its financial results before market opening on the same day. The earnings report and conference call will be focused on discussing the company's financial performance and outlook. Interested parties can access the press release through the company's website at bravesholdings.com/news/press-releases.
Atlanta Braves Holdings reported Q3 2024 financial results with total revenue growing 7% to $291 million, up from $272 million in Q3 2023. Baseball revenue increased 7% to $273 million, while mixed-use development revenue grew 12% to $17 million. The quarter saw 41 home games compared to 37 in the prior year. Despite revenue growth, operating income decreased 59% to $6.4 million and Adjusted OIBDA fell 22% to $31.4 million, primarily due to increased baseball operating costs, including higher player salaries and MLB revenue sharing expenses.
Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) has announced its plans for the third quarter 2024 earnings release and conference call. The company will host a conference call on Wednesday, November 6 at 10:00 a.m. E.T. to discuss the Q3 2024 results. Prior to the market opening on the same day, Atlanta Braves Holdings will issue a press release detailing the financial results, which will be available on their official website.
The press release and subsequent conference call are expected to cover the company's financial performance, outlook, and other relevant matters. Investors and interested parties can access this information to gain insights into Atlanta Braves Holdings' recent performance and future prospects.
Atlanta Braves Holdings announced significant corporate governance updates. Terry McGuirk, Chairman and CEO of Braves Holdings, , has entered into shareholder arrangements with Dr. John Malone. Malone granted McGuirk a proxy to vote 887,079 shares of Series B Common Stock, representing 44% of the company's voting power, on key matters. McGuirk also received a right of first refusal on future transfers of Malone's shares and certain appreciation rights.
These changes aim to align voting and operational control with the baseball franchise's management. As part of the transition, most current officers, including Greg Maffei, will step down, with Braves operating team officers assuming these roles by the end of August. The company will also transition various administrative services from Liberty Media to Atlanta Braves Holdings management.
Atlanta Braves Holdings (BATRA) reported strong Q2 2024 financial results, with total revenue growing 5% to $283 million. Key highlights include:
- Baseball revenue up 4% to $266 million
- Mixed-use development revenue up 11% to $17 million
- Operating income up 28% to $25 million
- Adjusted OIBDA up 9% to $46 million
The company saw growth in baseball event revenue due to new sponsorship agreements and contractual rate increases, while broadcasting revenue increased from more regular season games and contractual rate increases. Mixed-use development revenue grew from higher rental income and parking revenue. The company also announced plans for new and expanded seating options at Truist Park for the 2025 season.
Atlanta Braves Holdings (Nasdaq: BATRA, BATRK) announced the release of their second quarter earnings and a subsequent Q&A conference call. The event is scheduled for Thursday, August 8th at 10:00 a.m. ET. Before market trading opens, the company will issue a press release detailing its financial results, accessible on their website. The Q&A session, following the prepared remarks from Liberty Media , will allow shareholders and analysts to pose questions about both Liberty Media and Atlanta Braves Holdings' financial performance and outlook.