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Jun 30, 2024

Atlanta Braves Q2 2024 Earnings Report

Atlanta Braves Holdings reported second quarter results with revenue up 5% and operating income up 28%.

Key Takeaways

Atlanta Braves Holdings reported a 5% increase in total revenue, reaching $283 million for the second quarter of 2024. Operating income increased by 28% to $25 million. The company announced new seating options at Truist Park to enhance the fan experience.

Total revenue grew 5% to $283 million.

Baseball revenue increased by 4% to $266 million.

Mixed-use development revenue increased by 11% to $17 million.

Operating income increased by 28% to $25 million.

Total Revenue
$283M
Previous year: $270M
+4.8%
EPS
$0.46
Previous year: $0.33
+39.4%
Adjusted OIBDA
$45.8M
Previous year: $41.9M
+9.3%
Regular Season Home Games
40
Previous year: 43
-7.0%
Gross Profit
$58.3M
Previous year: $270M
-78.4%
Cash and Equivalents
$121M
Previous year: $131M
-7.1%
Free Cash Flow
-$64.1M
Total Assets
$1.57B
Previous year: $1.51B
+4.3%

Atlanta Braves

Atlanta Braves

Atlanta Braves Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income