Atlanta Braves Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 17, 2023 at 06:14 am
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Atlanta Braves Holdings, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 13.41 million compared to USD 11.69 million a year ago. Revenue was USD 30.97 million compared to USD 21.53 million a year ago.
Net loss was USD 57.98 million compared to USD 23.04 million a year ago.
Atlanta Braves Holdings, Inc. is a holding company of Braves Holdings, LLC (Braves Holdings). Braves Holdings owns and operates the Atlanta Braves Major League Baseball Club (ANLBC). ANLBCâs ballpark is located in Cobb County, a suburb of Atlanta, and is leased from Cobb County, Cobb-Marietta Coliseum and Exhibit Hall Authority. Braves Holdings, through affiliated entities and third-party development partners, develops a significant portion of the land around Truist Park for a mixed-use development that features retail, office, hotel and entertainment opportunities. It has two segments: baseball and Mixed-Use Development. Baseball segment includes its operations relating to the Braves baseball franchise and Truist Park and includes ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing. Mixed-use development segment includes retail, office, hotel and entertainment operations within The Battery Atlanta.
ATLANTA BRAVES HOLDINGS, INC. 
