Quarterly ResultMay 11, 2026, 08:06 AM
Atlanta Braves Holdings Q1 Revenue +53% to $72M; OIBDA $(18)M
AI Summary
Atlanta Braves Holdings reported strong first-quarter 2026 financial results, with total revenue increasing 53% to $72 million. This growth was primarily driven by a 60% rise in baseball revenue to $46 million due to more home games, and a 41% increase in Mixed-Use Development revenue to $26 million. The company significantly improved its Adjusted OIBDA by 39% to a loss of $(18) million and reduced its operating loss by 7% to $(41) million.
Key Highlights
- Total revenue grew 53% to $72 million in Q1 2026 from $47.211 million in Q1 2025.
- Baseball revenue increased 60% to $46 million, primarily due to 5 home games played.
- Mixed-Use Development revenue rose 41% to $26 million, aided by a 2025 acquisition.
- Total Adjusted OIBDA improved 39% to a loss of $(18) million from $(28.549) million.
- Operating loss improved 7% to $(41) million from $(44.452) million in the prior year.
- Net loss attributable to shareholders improved to $(40.482) million from $(41.391) million.
- Cash increased by $35 million to $135.197 million, while total debt decreased by $30 million to $711.402 million.