• Loading stock data...
Tuesday, April 16, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

Braves Revenue Up Again Despite Early Playoff Exit

  • MLB club posts gains in both baseball, development revenue.
  • Company leader predicts Diamond Sports Group will not reject Braves TV rights.
Dale Zanine-USA TODAY Sports

The Atlanta Braves’ 2023 playoff bid ended quickly and unexpectedly, part of an upset-laden MLB postseason. But a banner end of the regular season fueled another robust quarter for the Braves financially.

Following strong earnings in the second quarter in the club’s first financial disclosure since spinning off from parent Liberty Media, the Braves reported an 11% jump in revenue for the third quarter to $272 million. Operating income swung from a loss of $4.7 million in the comparable period a year ago to a gain of $15.7 million.

Fueling the boosts were a Truist Park-record attendance total of 3.2 million that included 54 sellouts and double-digit percentage growth in baseball-related revenue and from the adjacent Battery mixed-use development.

Despite the abrupt Division Series loss to Philadelphia after a league-leading, 104-win regular season, the latest Braves’ results extend the club’s standings as one of MLB’s top performers both on and off the field.

“It was an incredible season on and off the field, even if the playoff run was obviously more disappointing and ended earlier than we hoped,” Atlanta Braves Holdings chair Greg Maffei told analysts. 

TV Predictions

The Braves’ ongoing strength also extends to the fractious situation surrounding the bankrupt Diamond Sports Group. As MLB has asked a U.S. bankruptcy court in Texas for immediate answers on the Bally Sports parent’s plans for the 2024 season, Maffei projected that DSG will retain the Braves’ regional broadcast rights.

The Braves are currently shown on Bally Sports South.

“Our understanding is this is among, if not the most profitable of DIamond’s RSNs, reflecting the large territory we have … I don’t not believe [the rights] will be rejected,” Maffei said. “But given the strength of the territory and the strength of the Braves, I do believe we could replace that revenue stream or a good portion of it at least with other alternatives.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The Yankees’ Radio Voice Retires, Ending an Era of Longevity

The longtime Yankees radio announcer was an industry outlier in many respects.

Star-Studded NBA Play-In a Potential Ratings Boon for ESPN and TNT

The initial portion of the NBA postseason features three former MVPs.

NBA’s Two Tourneys Drive Record Attendance

Total attendance for the 2023–24 season, which ended Sunday, was 22,538,518.

Salt Lake City About to Land NHL’s Coyotes (Minus Their Name)

Salt Lake City’s NHL franchise will have a new name.
podcast thumbnail mobile
Front Office Sports Today

Inside the Most-Hyped WNBA Draft in History

0:00
0:00

Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Nike
Multiple - USA Careers
NBA
Multiple - USA Careers
Dunham's Sports
Multiple - USA Careers

Knicks’ Resurgence Marks Peak in Dolan’s Sports Domain

The team’s on-court success is fueling a series of gains off it.
April 10, 2024

Orioles Call Up Jackson Holliday Right Before Service Time Cutoff

Holliday is still in line to earn a full year of MLB service time.
April 12, 2024

Fever Keeping Plans Quiet (for Now), Unlike Spurs and Blackhawks

The Fever’s business approach differs from recent rookie phenoms in other leagues.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 9, 2024

Champions League Hosts Ramp Up Security Amid ISIS Threat

Cities are increasing police presence after social media posts.
April 3, 2024

A’s Could Be Inching Toward Sacramento Move After Week of Local Meetings

Oakland wants the A’s to pay top dollar on their way out.
April 2, 2024

Larry Lucchino, One of Baseball’s Most Influential Executives, Dies at 78

The former Red Sox president and CEO helped lead the resurgence of that franchise.
March 29, 2024

A-Rod Group Vows to Take ‘Whatever Actions Are Necessary’ in Fight for Timberwolves

The fight to for control of the Timberwolves is far from over.