earnings
confidence high
sentiment negative
materiality 0.70
Atlanta Braves Holdings Q2 revenue down 2%, operating loss of $19M vs prior year income of $42M
Atlanta Braves Holdings, Inc.
- Total revenue $305M (-2% YoY); baseball revenue $276M (-4%) due to six fewer home games.
- Operating loss $(19)M vs prior year income $42M; Adjusted OIBDA $12M (-82%).
- Baseball Adjusted OIBDA turned negative to $(6)M from $52M; Mixed-Use OIBDA up 18% to $21M.
- Baseball event revenue down 11% to $161M; media related revenue down 10% to $73M.