Atlanta Braves Holdings announces an 11% increase in baseball revenue through the third quarter of 2023.
As the Braves are a publicly traded company, we get a rare look into a MLB team’s finances every quarter
Atlanta Braves Holdings, Inc, the public company that owns both the Atlanta Braves Major League Baseball Club and The Battery Atlanta, reported third quarter profit of $272M, an 11% growth from the same quarter of 2022.
(For those who missed it, Liberty Media spun off the Atlanta Braves into their own publicly-held company back in July. For the purposes of this story, financial information for Atlanta Braves Holdings prior to the split has been broken out of Liberty Media’s financial reporting.)
Baseball Revenue is still a majority driver for the company, with $256M of the $272M coming from a mixture of baseball event revenue – ticket sales, advertising, suites, premium seats, etc – and broadcast revenue, which consists of local and national television, radio, and streaming rights monies.
For baseball revenue, the Atlanta Braves saw 37 games in the quarter (versus 38 in the same quarter last year) but still increased revenues by 11% mostly due to higher attendance at the ballpark.
Here’s how Baseball Revenue broke out for Q3 of 2023 versus Q2 of 2022:
The 4% increase for broadcast revenues was a contractual rate increase, while the 56% decline in “other” revenue is mainly attributed to less concerts and non-baseball events at the ballpark than the same period in 2022.
