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Atlanta Braves Holdings, Inc. reported a 20% growth in total revenue to $37 million in the first quarter of 2024. Baseball revenue increased by 25% to $22 million, and mixed-use development revenue rose by 13% to $15 million. Adjusted OIBDA was $10 million for the mixed-use development segment. The company completed various capital improvement projects, including new spaces and retail store expansions. Operating costs increased, resulting in an operating loss and an Adjusted OIBDA loss for the quarter.
Atlanta Braves Holdings, Inc. (NASDAQ: BATRA, BATRK) will be presenting at the MoffettNathanson Media, Internet & Communications Conference in NYC. Greg Maffei, the Chairman, President, and CEO, will discuss the company's financial performance and outlook.
