Atlanta Braves Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 12:12 pm EDT
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Atlanta Braves Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 270.12 million compared to USD 250.33 million a year ago. Net loss was USD 28.91 million compared to net income of USD 63.7 million a year ago.
For the six months, revenue was USD 301.1 million compared to USD 271.86 million a year ago. Net loss was USD 86.89 million compared to net income of USD 40.66 million a year ago.
Atlanta Braves Holdings, Inc. is a holding company of Braves Holdings, LLC (Braves Holdings). Braves Holdings owns and operates the Atlanta Braves Major League Baseball Club (ANLBC). ANLBCâs ballpark is located in Cobb County, a suburb of Atlanta, and is leased from Cobb County, Cobb-Marietta Coliseum and Exhibit Hall Authority. Braves Holdings, through affiliated entities and third-party development partners, develops a significant portion of the land around Truist Park for a mixed-use development that features retail, office, hotel and entertainment opportunities. It has two segments: baseball and Mixed-Use Development. Baseball segment includes its operations relating to the Braves baseball franchise and Truist Park and includes ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing. Mixed-use development segment includes retail, office, hotel and entertainment operations within The Battery Atlanta.
ATLANTA BRAVES HOLDINGS, INC. 
