The Liberty Braves Group Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 29, 2022
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The Liberty Braves Group reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 252 million compared to USD 234 million a year ago. Net loss was USD 22 million compared to net income of USD 36 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to basic earnings per share from continuing operations of USD 0.69 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to diluted earnings per share from continuing operations of USD 0.39 a year ago.
For the nine months, revenue was USD 535 million compared to USD 466 million a year ago. Net income was USD 29 million compared to USD 2 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.04 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. 
