Atlanta Braves Holdings Reports Fourth Quarter and Year End 2023 Financial Results.

With superior on-field and off-field commercial performance, the Braves are a distinctive and valuable sports property. Greg Miffed, Chairman and CEO of ABH, congratulated the team on finishing the 2023 season with their sixth straight NL East championship and record-breaking player honors. “For the entire year, strong on-field performance produced robust revenue growth, and early signs for the 2024 season point to increased demand.”

The Braves’ 2023 squad and financial results have us ecstatic, said to Terry McGuirk, Chairman and CEO of Braves Holdings, LLC. “Our management is still committed to making the ballpark as optimal as possible. In 2024, we have planned modifications that will increase commercial opportunities and enhance the spectator experience. Anticipating an even more thrilling season, season tickets, including premium seats, have already been completely sold out. Strong sales and more foot traffic across the property helped the battery, and we anticipate another successful year.

Liberty Media Corporation (“Liberty Media”) completed the Braves and related mixed-use development split-off (the “Split-Off”) to form the independent public company ABH on July 18, 2023. The Atlanta Braves Major League Baseball Club is owned and operated by Braves Holdings, LLC. Other businesses and assets at ABH include some assets and liabilities related to the Braves’ ballpark and mixed-use development, known as The Battery Atlanta, which were previously attributed to Liberty Media’s Braves Group tracking stock. For the purposes of this presentation, the assets, liabilities, and standalone performance of ABH represent the entirety of the Braves Group’s historical financial data up until the split-off date. ABH is currently a consolidated firm, and all periods given in this presentation are referred to as consolidated, even though it was reported as a combined company up until the split-off date.Over the entire year, baseball income climbed by 9%. Regular season home game attendance and ticket demand increased, which was the main driver of the growth in baseball event, retail, and license revenue. New advertising sponsorships and contractual rate increases from current sponsors contributed to an increase in baseball event revenue. Contractual rate hikes resulted in an increase in broadcasting revenue. Demand for City Connect gear helped boost retail and licensing revenue as well, but this was somewhat offset by a decline in World Series demand.