Welcome to our dedicated page for Atlanta Braves Holdings Series C news (Ticker: BATRK), a resource for investors and traders seeking the latest updates and insights on Atlanta Braves Holdings Series C stock.
Atlanta Braves Holdings, Inc. Series C Common Stock (symbol: BATRK) is a holding company that owns and operates the Atlanta Braves Major League Baseball Club, Truist Park, and The Battery Atlanta. The company's revenue comes from various sources including ticket sales, concessions, broadcasting rights, advertising sponsorships, and retail revenue. It is a subsidiary of Liberty Media Corporation, which also owns stakes in Formula One and SiriusXM.
Atlanta Braves Holdings reported Q3 2024 financial results with total revenue growing 7% to $291 million, up from $272 million in Q3 2023. Baseball revenue increased 7% to $273 million, while mixed-use development revenue grew 12% to $17 million. The quarter saw 41 home games compared to 37 in the prior year. Despite revenue growth, operating income decreased 59% to $6.4 million and Adjusted OIBDA fell 22% to $31.4 million, primarily due to increased baseball operating costs, including higher player salaries and MLB revenue sharing expenses.
Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) has announced its plans for the third quarter 2024 earnings release and conference call. The company will host a conference call on Wednesday, November 6 at 10:00 a.m. E.T. to discuss the Q3 2024 results. Prior to the market opening on the same day, Atlanta Braves Holdings will issue a press release detailing the financial results, which will be available on their official website.
The press release and subsequent conference call are expected to cover the company's financial performance, outlook, and other relevant matters. Investors and interested parties can access this information to gain insights into Atlanta Braves Holdings' recent performance and future prospects.
Atlanta Braves Holdings announced significant corporate governance updates. Terry McGuirk, Chairman and CEO of Braves Holdings, , has entered into shareholder arrangements with Dr. John Malone. Malone granted McGuirk a proxy to vote 887,079 shares of Series B Common Stock, representing 44% of the company's voting power, on key matters. McGuirk also received a right of first refusal on future transfers of Malone's shares and certain appreciation rights.
These changes aim to align voting and operational control with the baseball franchise's management. As part of the transition, most current officers, including Greg Maffei, will step down, with Braves operating team officers assuming these roles by the end of August. The company will also transition various administrative services from Liberty Media to Atlanta Braves Holdings management.
Atlanta Braves Holdings (BATRA) reported strong Q2 2024 financial results, with total revenue growing 5% to $283 million. Key highlights include:
- Baseball revenue up 4% to $266 million
- Mixed-use development revenue up 11% to $17 million
- Operating income up 28% to $25 million
- Adjusted OIBDA up 9% to $46 million
The company saw growth in baseball event revenue due to new sponsorship agreements and contractual rate increases, while broadcasting revenue increased from more regular season games and contractual rate increases. Mixed-use development revenue grew from higher rental income and parking revenue. The company also announced plans for new and expanded seating options at Truist Park for the 2025 season.
Atlanta Braves Holdings (Nasdaq: BATRA, BATRK) announced the release of their second quarter earnings and a subsequent Q&A conference call. The event is scheduled for Thursday, August 8th at 10:00 a.m. ET. Before market trading opens, the company will issue a press release detailing its financial results, accessible on their website. The Q&A session, following the prepared remarks from Liberty Media , will allow shareholders and analysts to pose questions about both Liberty Media and Atlanta Braves Holdings' financial performance and outlook.
Atlanta Braves Holdings will hold its virtual Annual Meeting of Stockholders on June 10, 2024, at 8:30 a.m. M.T. on the website www.virtualshareholdermeeting.com/ABH2024.
Stockholders of record by 5:00 p.m., April 16, 2024, can attend, vote, and submit questions using a 16-digit control number from their proxy card. Technical support will be available 10 minutes before the meeting.
The webcast can also be accessed on the Atlanta Braves Holdings' website and will be archived post-SEC filings. Atlanta Braves Holdings owns and operates the Atlanta Braves Major League Baseball Club, The Battery Atlanta, and Truist Park.
Atlanta Braves Holdings, Inc. reported a 20% growth in total revenue to $37 million in the first quarter of 2024. Baseball revenue increased by 25% to $22 million, and mixed-use development revenue rose by 13% to $15 million. Adjusted OIBDA was $10 million for the mixed-use development segment. The company completed various capital improvement projects, including new spaces and retail store expansions. Operating costs increased, resulting in an operating loss and an Adjusted OIBDA loss for the quarter.
Atlanta Braves Holdings, Inc. (NASDAQ: BATRA, BATRK) will be presenting at the MoffettNathanson Media, Internet & Communications Conference in NYC. Greg Maffei, the Chairman, President, and CEO, will discuss the company's financial performance and outlook.
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