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Dec 31, 2024
Atlanta Braves Q4 2024 Earnings Report
Atlanta Braves Holdings reported its fourth quarter and year-end 2024 financial results, showing growth in total revenue and mixed-use development revenue, alongside a decrease in baseball revenue for the quarter.
Key Takeaways
Atlanta Braves Holdings reported a total revenue of $52.118 million in the fourth quarter of 2024, a decrease from $67.748 million in the prior year period. The company experienced a net loss of $19.125 million for the quarter. Mixed-use development revenue increased by 21%, while baseball revenue decreased by 35% for the quarter.
Total revenue for Q4 2024 was $52.118 million, a 23% decrease from Q4 2023.
Baseball revenue decreased by 35% to $34.197 million in Q4 2024.
Mixed-use development revenue increased by 21% to $17.921 million in Q4 2024.
The company reported a net loss of $19.125 million in Q4 2024, compared to a net loss of $32.358 million in Q4 2023.
Atlanta Braves
Atlanta Braves
Atlanta Braves Revenue by Segment
Revenue by Segment
Baseball Revenue
CapyFin.comMixed-use Development Revenue
CapyFin.comBaseball Event Revenue
CapyFin.comBroadcasting Revenue
CapyFin.comRetail and Licensing Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The report does not contain explicit forward-looking guidance in terms of specific financial targets or projections for future quarters or the fiscal year. However, it does discuss general business strategies and potential risks.
Positive Outlook
- Continued focus on increasing rental income and tenant recoveries from mixed-use development.
- Potential for growth through new sponsorship agreements and contractual rate increases.
- Strategic investments and acquisitions could contribute to future benefits.
- Ability to realize benefits from the Split-Off from Liberty Media.
- Increases in spring training related revenue due to increased attendance.
Challenges Ahead
- Risks associated with the inability to replicate certain functions or loss of benefits from contracts post-Split-Off.
- Historical financial information may not be representative of future financial performance.
- Potential impact of inflation and weak economic conditions on consumer demand.
- Risks related to litigation, regulatory proceedings, and competitive environment.
- Inherent risks in the real estate business, including tenant defaults and environmental matters.