All trading involves risk. Contracts for Difference (CFDs) are complex instruments and may not be suitable for all investors. Please refer to Risk Disclosure and Risk Fact Sheet on Capital.com/en-sg.
Open platformOpen platform

Atlanta Braves Q3 revenue rises on higher season ticket rates

By Reuters News


Overview

  • MLB franchise's Q3 revenue rose 4% yr/yr, led by higher baseball event and rental income

  • Operating income fell sharply due to higher player salaries and increased operating expenses

  • Adjusted OIBDA dropped 40% yr/yr, mainly from increased player salaries


Outlook

  • Company did not provide specific financial guidance for the current or upcoming periods in the press release


Result Drivers

  • EVENT REVENUE & ATTENDANCE - Higher season ticket rates, increased attendance, more home games and strong single-game ticket sales boosted baseball event revenue

  • RETAIL & LICENSING - Growth in retail and licensing revenue driven by City Connect apparel launch, higher league-wide revenue and postseason home games

  • RENTAL INCOME - Mixed-Use Development revenue rose on increased rental income from tenant recoveries and new leases


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Baseball Revenue

$295.54 mln

Q3 EPS

$0.15

Q3 Adjusted OIBDA

$40.58 mln

Q3 Operating Income

$8.67 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the leisure & recreation peer group is "buy"

  • Wall Street's median 12-month price target for Atlanta Braves Holdings, Inc. is $73.00, about 29.4% above its November 3 closing price of $56.41


Reuters Recommended Reads

  • Nov 4 - Madison Square Garden beats Q1 revenue estimates on more concerts

  • Nov 2 - Marriott tops Q3 revenue, profit estimates

  • Nov 3 - Red Rock Resorts Q3 revenue beats estimates on Las Vegas growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.