Atlanta Braves Holdings Reports First Quarter 2024 Financial Results

About this update from Atlanta Braves Holdings, Inc. - Series A

[{"type":"text","content":" ENGLEWOOD, Colo.--(BUSINESS WIRE)--\nAtlanta Braves Holdings, Inc. (“ABH”) (Nasdaq: BATRA, BATRK) today reported first quarter 2024 results.\n\n\nHeadlines include:\n\n\n\nTotal revenue grew 20% to $37 million in first quarter\n\n\nBaseball revenue up 25% to $22 million\n\n\n\nMixed-use development revenue up 13% to $15 million\n\n\n\n\n\n\nMixed-use development generated $10 million of Adjusted OIBDA(1) in first quarter\n\n\n\nCompleted several capital improvement projects in advance of the 2024 season, including new spaces such as Lexus Premium Boxes, Blue Moon Beer Garden and Jim Beam Bourbon Decks and expanded retail store\n\n\n\nDiscussion of Results\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nThree months ended\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nMarch 31,\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n% Change\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\namounts in thousands\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nBaseball revenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n17,561\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n21,970\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n25\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nMixed-use development revenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n13,411\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n15,110\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n13\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nTotal revenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n30,972\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n37,080\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n20\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nOperating costs and expenses:\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nBaseball operating costs\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(36,771\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(45,207\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n(23\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n\n\nMixed-use development costs\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(1,931\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(2,253\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n(17\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n\n\nSelling, general and administrative, excl...

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