• Loading stock data...
Tuesday, July 15, 2025
    More
    Finance

    Brave Losses

    By
    Aug 10, 2020 | 08:06 pm
    UPDATED Aug 10, 2020 | 10:38 pm
    Atlanta Braves
    Adam Hagy-USA TODAY Sports

    Liberty Media’s quarterly earnings reports gave a peek at the massive loss the coronavirus pandemic dealt Major League Baseball teams. Liberty owns the Atlanta Braves and reported the team suffered a 95% year-over-year second quarter revenue loss.

    Between April and June, the Braves generated only $11 million, down from 2019’s $208 million. There was a 97% drop in baseball revenue and a 40% drop in the team’s Battery Atlanta development.

    Liberty also owns Formula One and a stake in Live Nation Entertainment. Formula One’s revenue was down 96% to $24 million.

    The company reported a 32% quarterly revenue drop to $1.91 billion, which resulted in a $326 million loss. Last year, the same quarter resulted in a $116 million profit.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    by

    MLB Home Run Derby Draws 5.7M Viewers on ESPN, Up 5%
    ESPN reverses the trend from last year and registers audience growth.
    Georgia takes the field for the first half of the SEC championship game against Texas in Atlanta, on Saturday, Dec. 7, 2024.
    by

    SEC Lands Starring Role in Netflix College Football Docuseries
    Netflix brings its sports storytelling to the heart of SEC football.
    Jul 14, 2025; Atlanta, GA, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the 2025 Home Run Derby at Truist Park.
    by

    MLB Enters Crucial Second Half With Big Questions Looming
    Media, labor, and Cal Raleigh are among the top second-half storylines.
    Cal Raleigh
    by

    Home Run Derby Came Down to a 1-Inch Hawk-Eye Measurement
    One expert is skeptical that the measurement could be that precise.

    Featured Today

    May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
    exclusive
    by

    Track’s New Money Is Running Into Old Problems
    The sport’s big-money era has hit some speed bumps in 2025.
    Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
    July 12, 2025

    Baseball’s Bobbleheads Are the Center of the Collectibles Universe
    Baseball’s most important keepsake drives long lines—and big business.
    Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
    July 11, 2025

    CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure
    As players defect to college, the Canadian Hockey League won’t cede ground.
    Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
    July 9, 2025

    The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’
    Demand for the oddly shaped bats has stayed strong across the sport.

    More in Finance
    Jonathan Mariner
    by

    Former MLB CFO Jumps to PE, Says Teams Are Undervalued
    Mariner worked in Major League Baseball for 24 years.
    March 20, 2025

    Nike Struggles Continue, but Signs of Turnaround Appear
    The embattled company beats tepid expectations in both revenue and earnings.
    James Harden
    April 24, 2025

    Adidas Posts Big Profits in First Quarter Without Yeezy
    Profits and sales are up after selling off remaining Yeezys last year.
    Sponsored

    Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley
    Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
    Oracle Park
    March 18, 2025

    S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades
    The team said the cash would not be used to grow payroll.
    Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
    February 16, 2025

    LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports
    LVMH is making long-term deals—and they’re not done.
    February 14, 2025

    DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025
    The company’s sports betting business continues to grow despite headwinds.
    Billie Jean King
    February 13, 2025

    Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom
    Billie Jean King wants more women involved in team ownership, too.