Atlanta Braves Holdings Inc
BATRK
ISIN US0477263026 / Valor 128267891
Atlanta Braves Holdings Inc
UMushroom community rating:
About company
Atlanta Braves Holdings Inc. operates primarily through its wholly-owned subsidiary, Braves Holdings, LLC, which owns the Atlanta Braves Major League Baseball team. In addition to managing the professional baseball club, the company is involved in the development and operation of The Battery Atlanta, a mixed-use development project adjacent to the team's stadium. This development includes retail, residential, and entertainment spaces, enhancing the overall fan experience and generating additional revenue streams beyond traditional baseball operations. The company's business model leverages both its sports franchise and real estate assets to drive growth and profitability.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (13.06.2024):
Revenue Growth
In the first quarter of 2024, Atlanta Braves Holdings Inc. reported a significant increase in total revenue, reaching $37,080 thousand, which marks a 20% rise from the $30,972 thousand recorded in the same period in 2023. This growth was primarily driven by a 25% increase in baseball revenue, which surged from $17,561 thousand to $21,970 thousand, largely due to enhanced broadcasting revenue and higher attendance at spring training games.
Mixed-Use Development
Atlanta Braves Holdings Inc.'s mixed-use development segment also saw a positive trajectory, with revenue climbing 13% to $15,110 thousand in the first quarter of 2024, up from $13,411 thousand in the corresponding quarter of 2023. This increase was attributed to higher rental income from new lease agreements and increased parking revenue.
Operating Costs
The first quarter of 2024 saw Atlanta Braves Holdings Inc. experiencing a rise in operating costs, particularly in baseball operations where costs escalated by 23% to $45,207 thousand due to higher player salaries and related expenses. Despite these increased costs, selling, general, and administrative expenses remained relatively stable, showing a slight improvement of 1%.
Adjusted OIBDA
Adjusted Operating Income Before Depreciation and Amortization (OIBDA) for Atlanta Braves Holdings Inc. worsened, with a loss of $33,754 thousand in the first quarter of 2024 compared to a loss of $31,387 thousand in the first quarter of 2023. This 8% deterioration reflects the increased operating costs outpacing the revenue growth during the period.
Future Outlook and Strategic Developments
Looking ahead, Atlanta Braves Holdings Inc. remains focused on enhancing fan experiences and revenue streams, as evidenced by the completion of several capital improvement projects like the Lexus Premium Boxes and Jim Beam Bourbon Decks. These initiatives are part of a broader strategy to bolster fan engagement and drive future revenue growth, despite the current operational losses.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1946 M
Market cap (USD)
36,090
Daily traded volume (Shares)
38.41 / 38.1
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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