Overview
Atlanta Braves Q2 total revenue grows 10% yr/yr to $312 mln
Adjusted OIBDA for Q2 rises 44%, indicating strong operational performance
Baseball revenue up 8% driven by broadcasting and event growth
Result Drivers
BROADCASTING REVENUE - Increased streaming rights and contractual rate hikes boosted baseball broadcasting revenue
MIXED-USE DEVELOPMENT - Revenue growth driven by new leases and acquisitions, despite some lease terminations
EVENT REVENUE - Contractual rate increases on tickets and sponsorships offset by reduced concession revenue due to lower attendance
Key Details
Press Release: ID:nBwbLhwPVa
(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.)