Atlanta Braves Holdings Reports First Quarter 2025 Financial Results

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[{"type":"text","content":" ATLANTA--(BUSINESS WIRE)--\nAtlanta Braves Holdings, Inc. (“ABH”) (Nasdaq: BATRA, BATRK) today reported first quarter 2025 results.\n\nHeadlines include:\n\n\nTotal revenue grew to $47 million in the first quarter of 2025, up 27% from the prior year period.\n\n\nBaseball revenue increased 30% from the prior year period to $29 million.\n\n\nMixed-use development revenue grew 23% from the prior year period to $19 million.\n\n\n\n\nMixed-Use Development generated $13 million of Adjusted OIBDA(1) in the first quarter of 2025, up 30% from the prior year period.\n\n\nThe Braves have had seven sellout games through the first three homestands of the season.\n\n\nDiscussion of Results\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nThree months ended\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nMarch 31,\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n% Change\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\namounts in thousands\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nBaseball revenue\n\n\n\n \n\n\n\n$\n\n\n\n28,621\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n21,970\n\n\n\n \n\n\n\n \n\n\n\n30\n\n\n\n%\n\n\n\n \n\n\n\n\n\nMixed-use development revenue\n\n\n\n \n\n\n\n \n\n\n\n18,590\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n15,110\n\n\n\n \n\n\n\n \n\n\n\n23\n\n\n\n%\n\n\n\n \n\n\n\n\n\nTotal revenue\n\n\n\n \n\n\n\n \n\n\n\n47,211\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n37,080\n\n\n\n \n\n\n\n \n\n\n\n27\n\n\n\n%\n\n\n\n \n\n\n\n\n\nOperating costs and expenses:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nBaseball operating costs\n\n\n\n \n\n\n\n \n\n\n\n(48,763\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n(45,207\n\n\n\n)\n\n\n\n \n\n\n\n8\n\n\n\n%\n\n\n\n \n\n\n\n\n\nMixed-use development costs\n\n\n\n \n\n\n\n \n\n\n\n(2,408\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n(2,253\n\n\n\n)\n\n\n\n \n\n\n\n7\n\n\n\n%\n\n\n\n \n\n\n\n\n\nSelling, general and administrative, excluding stock-based compensation\n\n\n\n \n\n\n\n \n\n\n\n(24,589\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n(23,374\n\n\n\n)\n\n\n\n \n\n\n\n5\n\n\n\n%\n\n\n\n \n\n\n\n\n\nAdjusted OIBDA(1)\n\n\n\n \n\n\n\n$\n\n\n\n(28,549\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(33,754\n\n\n\n)\n\n\n\n \n\n\n\n15\n\n\n\n%\n\n\n\n \n\n...

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