Atlanta Braves Q3 revenue rises on higher season ticket rates
Atlanta Braves Q3 revenue rose 4% year over year, led by higher baseball event and rental income. Adjusted OIBDA fell 40% to $40.58 million, mainly due to increased player salaries.
Atlanta Braves Q3 revenue rose 4% year over year, led by higher baseball event and rental income. Adjusted OIBDA fell 40% to $40.58 million, mainly due to increased player salaries.
Higher season ticket rates, increased attendance, more home games and strong single-game ticket sales boosted baseball event revenue. Retail and licensing revenue grew, while Mixed-Use Development revenue rose on increased rental income from tenant recoveries and new leases. Operating income was $8.67 million, as higher player salaries and operating expenses weighed on results.
