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Atlanta Braves Holdings Reports First Quarter 2026 Financial Results

Staff Report From Georgia CEO

Tuesday, May 12th, 2026

Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported results for its first quarter 2026 results.

Highlights include:

  • Total revenue grew to $72 million in the first quarter of 2026, up 53% from the prior year period.

    • Baseball revenue increased 60% from the prior year period to $46 million.

    • Mixed-Use Development revenue increased 41% from the prior year period to $26 million.

  • Total Adjusted OIBDA(1) improved to $(18) million in the first quarter of 2026, up 39% from the prior year period.

    • Baseball Adjusted OIBDA improved 18% from the prior year period to $(32) million.

    • Mixed-Use Development Adjusted OIBDA increased 37% from the prior year period to $18 million.

  • Operating income (loss) improved by $3 million to $(41) million in the first quarter of 2026, up from $(44) million in the prior year period.

Discussion of Results

 

Unless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2026 to the same period in 2025.

Baseball revenue is derived from two primary sources on an annual basis: (i) baseball event revenue (ticket sales, concessions, advertising sponsorships, suites and premium seat fees) and (ii) broadcasting and other media revenue. Mixed-Use Development revenue is derived primarily from a real estate portfolio including the mixed-use facility The Battery Atlanta and primarily includes rental income.

 

There were five home games played in the first quarter of 2026 compared to zero in the prior year period.

Baseball revenue increased 60% in the first quarter compared to the prior year primarily driven by an increase in baseball event revenue due to the number of regular season home games played, as well as contractual rate increases on season tickets and existing sponsorship contracts and new premium seating and sponsorship agreements. Broadcasting and other media revenue decreased due to the timing of the commencement of the BravesVision media contracts as we transitioned away from our previous long-term local broadcasting arrangement. Other revenue decreased due to a decline in special events held at Truist Park, including hosting two games for the Savannah Bananas in the prior year period.

Mixed-Use Development revenue increased 41% for the first quarter primarily due to increases in rental income and tenant recoveries from in-place leases associated with an April 2025 acquisition of certain real estate assets adjacent to The Battery Atlanta (the "Acquisition").

Operating loss and Adjusted OIBDA(1) improved for the first quarter compared to the prior year, as revenue growth outpaced increases in operating and selling, general, and administrative expenses. Baseball operating costs increased primarily due to increases in major league player salaries, variable costs associated with the increase in the number of regular season homes games such as concession, retail, and other stadium operating costs, and expenses associated with the production of BravesVision, partially offset by a reduction in expenses associated with special events held at Truist Park. Mixed-Use Development costs increased primarily due to operating costs associated with the assets within the Acquisition. Selling, general and administrative expenses also increased related to the marketing expenses associated with the increase in number of regular season homes games as well as due to increased property taxes, insurance, other professional fees, and personnel costs.

FOOTNOTES

 

For a definition of Adjusted OIBDA (as defined by ABH) and the applicable reconciliation to the most comparable Generally accepted accounting principles ("GAAP") measure, see "Non-GAAP Financial Measures and Supplemental Disclosures," below.

Conference Call Information: Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) will discuss ABH’s financial results on a conference call which will begin at 10:00 a.m. (E.T.) on May 11, 2026. The call can be accessed by dialing (800) 715-9871 or +1 (646) 307-1963, passcode 7251864 at least 10 minutes prior to the start time. The call will also be broadcast live across the Internet and archived on our website. To access the webcast, go to https://www.bravesholdings.com/investors/news-events/ir-calendar. Links to this press release will also be available on the ABH website.