MLB franchise Atlanta Braves Q2 revenue falls 2% on fewer home games

Atlanta Braves Holdings

05/08/2026 13:09

Overview
US baseball franchise's Q2 revenue fell 2% yr/yr, driven by fewer home games
Adjusted OIBDA for Q2 declined 82% yr/yr amid higher operating and administrative costs
Company posted Q2 operating loss, citing higher player salaries and BravesVision costs

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
FEWER HOME GAMES - Co said baseball revenue declined due to six fewer regular season home games in Q2
MEDIA REVENUE DROP - Media-related revenue fell due to timing of revenue recognition and changes in national media rights arrangements
HIGHER OPERATING COSTS - Baseball operating costs rose due to increased player salaries, BravesVision production expenses, special events, and MLB revenue sharing

Company press release: ID:nBw13G46ta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Baseball Revenue
 
$276.44 mln
 
Q2 Loss Per Share
 
$0.19
 
Q2 Adjusted OIBDA
 
$11.79 mln
 
Q2 Operating Income
 
-$18.54 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $67.00, about 22.3% above its August 4 closing price of $54.80
The stock recently traded at 3,027 times the next 12-month earnings vs. a P/E of 259 three months ago

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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.)