Baseball franchise owner Atlanta Braves Q3 revenue up 7% on additional streaming rights

Atlanta Braves Holdings

05/11/2025 13:06

Overview

Atlanta Braves Q3 revenue rises 7% yr/yr, driven by baseball and mixed-use development

Adjusted OIBDA for Q3 more than doubles, reflecting operational improvements

Baseball revenue increases 4% in Q3, driven by broadcasting revenue growth

Outlook

Company did not provide specific future guidance

Result Drivers

BROADCASTING REVENUE - Growth in baseball revenue driven by additional streaming rights and contractual rate increases

MIXED-USE DEVELOPMENT - Revenue growth from increased rental income and real estate acquisition

COST REDUCTIONS - Decrease in baseball operating costs due to lower player salaries and concession expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Baseball Revenue
$284.36 mln
Q3 Adjusted OIBDA
$67.15 mln
Q3 Operating Income
$38.93 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 34% above its November 4 closing price of $42.93

Press Release: ID:nBwvB8y2a

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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.)