The Atlanta Braves Holdings, Inc. recently released its Quarterly Report on Form 10-Q, providing a detailed look at the company's financial condition and results of operations. The report covers the period ending March 31, 2025, and offers insights into the performance of the Baseball and Mixed-Use Development segments.
In the first quarter of 2025, the company reported total revenue of $47.2 million, marking an increase from $37.1 million in the same period in 2024. The Baseball segment contributed $28.6 million in revenue, with the primary sources being baseball event revenue, broadcasting revenue, retail and licensing revenue, and other sources. Notably, broadcasting revenue saw a significant increase of $2.2 million compared to the prior year, driven by an increase in the number of regular season games and contractual rate increases.
Mixed-Use Development revenue also demonstrated growth, reaching $18.6 million in the first quarter of 2025, up from $15.1 million in the same period in 2024. This increase was primarily attributed to higher rental income and additional revenue from sponsorships and parking.
However, the company also reported operating losses of $44.5 million in the first quarter of 2025, a decrease from the $52.4 million loss in the same period in 2024. The Baseball segment's operating costs increased by $3.6 million, primarily due to higher major league player salaries and shared expenses. Selling, general, and administrative expenses also rose by $1.2 million, driven by increased personnel costs.
The report also includes a non-GAAP financial measure, Adjusted OIBDA (Operating Income Before Depreciation and Amortization), which provides further insights into the company's financial performance. The Adjusted OIBDA for the first quarter of 2025 was reported at $28.5 million, an improvement from $33.8 million in the same period in 2024.
The company's financial report offers a comprehensive overview of its operations, highlighting both areas of growth and challenges. Investors and stakeholders can use this information to assess the company's performance and make informed decisions about its future prospects. Following these announcements, the company's shares moved -0.73%, and are now trading at a price of $43.49. For the full picture, make sure to review Atlanta Braves's 10-Q report.
