Atlanta Braves Q1 revenue rises 53% on more home games

Atlanta Braves Holdings

11/05/2026 13:08

Overview

MLB franchise and real estate owner's Q1 revenue rose 53% yr/yr, driven by more home games

Adjusted OIBDA loss narrowed 39% as revenue growth outpaced higher expenses

Operating loss improved to $41 mln from $44 mln a year earlier

Outlook

Company did not provide specific guidance or forecasts for future quarters or full yr in its press release

Result Drivers

MORE HOME GAMES - Baseball revenue rose due to five regular season home games in Q1 versus none in the prior year, driving higher event revenue and associated sales

REAL ESTATE ACQUISITION - Mixed-Use Development revenue grew due to higher rental income and tenant recoveries from newly acquired assets near The Battery Atlanta

BROADCASTING AND SPECIAL EVENTS - Broadcasting revenue fell due to timing of new media contracts, and other revenue declined from fewer special events at Truist Park

Company press release: ID:nBw1zFpqCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$72 mln
Q1 EPS
-$0.63
Q1 Adjusted OIBDA
-$17.56 mln
Q1 Operating Income
-$41.25 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for Atlanta Braves Holdings Inc is $65.00, about 18.5% above its May 8 closing price of $54.87

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)