earnings
confidence high
sentiment negative
materiality 0.75
Atlanta Braves Holdings Q3 revenue up 7% to $291M but adjusted OIBDA down 22%
Atlanta Braves Holdings, Inc.
2024-Q3 EPS reported
-$0.20
revenue$610,630,000
- Baseball revenue $273M (+7%); mixed-use development revenue $17M (+12%).
- Adjusted OIBDA fell to $31.4M from $40.3M, operating income $6.4M (down 59%).
- Baseball operating costs rose 14% on higher player salaries and MLB revenue sharing.
- Retail and licensing revenue dropped 21%; other revenue surged 148% on concerts.
- Third straight year with >3M tickets sold; Braves made 7th consecutive postseason.