Atlanta Braves Holdings reported a significant increase in total revenue for the first quarter of 2025, driven by strong growth in both baseball and mixed-use development segments. Operating income and Adjusted OIBDA also showed improvement compared to the prior year.
Total revenue increased by 27% to $47.2 million in Q1 2025.
Baseball revenue grew 30% to $28.6 million, primarily due to broadcasting and other revenue.
Mixed-use development revenue increased 23% to $18.6 million, driven by rental income and higher parking/sponsorship revenue.
Operating loss improved by 15% to -$44.5 million, and Adjusted OIBDA loss improved by 15% to -$28.5 million.
The report includes forward-looking statements regarding business strategies, future financial performance, and potential risks.