Atlanta Braves Holdings Reports First Quarter 2026 Financial Results

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

ATLANTA, May 11, 2026--(BUSINESS WIRE)--Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported results for its first quarter 2026 results. Highlights include: Discussion of Results Unless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2026 to the same period in 2025. Baseball revenue is derived from two primary sources on an annual basis: (i) baseball event revenue (ticket sales, concessions, advertising sponsorships, suites and premium seat fees) and (ii) broadcasting and other media revenue. Mixed-Use Development revenue is derived primarily from a real estate portfolio including the mixed-use facility The Battery Atlanta and primarily includes rental income. The following table disaggregates revenue by segment and by source: There were five home games played in the first quarter of 2026 compared to zero in the prior year period. Baseball revenue increased 60% in the first quarter compared to the prior year primarily driven by an increase in baseball event revenue due to the number of regular season home games played, as well as contractual rate increases on season tickets and existing sponsorship contracts and new premium seating and sponsorship agreements. Broadcasting and other media revenue decreased due to the timing of the commencement of the BravesVision media contracts as we transitioned away from our previous long-term local broadcasting arrangement. Other revenue decreased due to a decline in special events held at Truist Park, including hosting two games for the Savannah Bananas in the prior year period. Mixed-Use Development revenue increased 41% for the first quarter primarily due to increases in rental income and tenant recoveries from in-place leases associated with an April 2025 acquisition of certain real estate assets adjacent to The Battery Atlanta (the "Acquisition"). Operating loss and Adjusted OIBDA(1) improved for the first quarter compared to the prior year, as revenue growth outpaced increases in operating and selling, general, and administrative expenses. Baseball operating costs increased primarily due to increases in major league player salaries, variable costs associated with the increase in the number of regular season homes games such as concession, retail, and other stadium operating costs, and expenses associated with ...

View stock analysis, news, and events for Atlanta Braves Holdings, Inc. - Series A