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BATRK Atlanta Braves Holdings News Story

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MLB franchise Atlanta Braves Q2 revenue up 10% on higher streaming rights, contractual rates

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

MetricBeat/MissActualConsensus Estimate
Q2 Baseball Revenue$287.32 mln
Q2 Adjusted OIBDA$65.70 mln
Q2 Operating Income$41.79 mln
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.)

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