Atlanta Braves Holdings Q2 revenue up 8% to $270M; OIBDA falls 13%

Atlanta Braves Holdings, Inc.

2024-Q2 EPS reported -$1.41 revenue$301,095,000

Total revenue $270M (+8% YoY); baseball revenue $255M (+8%), mixed-use development $15M (+13%).
Adjusted OIBDA $42.1M (-13% YoY) as baseball operating costs rose 15% on higher player salaries and MLB revenue sharing.
Operating income $19.5M (-29%) despite an extra 2 home games (43 vs 41) and increased ticket demand.
Company completed split-off from Liberty Media on July 18; outstanding shares ~62M as of July 31.
Broadcasting revenue up 8% to $68.6M; retail/licensing up 11% to $19.7M driven by City Connect apparel.

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