Atlanta Braves Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 08:15 am EST
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Atlanta Braves Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 67.75 million compared to USD 71.26 million a year ago. Net loss was USD 32.36 million compared to USD 44.94 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to USD 0.73 a year ago. Diluted loss per share from continuing operations was USD 0.52 compared to USD 0.73 a year ago.
For the full year, revenue was USD 640.67 million compared to USD 588.56 million a year ago. Net loss was USD 125.29 million compared to USD 34.17 million a year ago. Basic loss per share from continuing operations was USD 2.03 compared to USD 0.55 a year ago. Diluted loss per share from continuing operations was USD 2.03 compared to USD 0.55 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. 
