Braves’ rev­enue, profit in­crease in lat­est quar­ter

The State - - Sports - BY TIM TUCKER

The Braves’ re­turn to the top of the Na­tional League East paid off fi­nan­cially for the team with rev­enue and profit in­creas­ing in the most re­cently com­pleted quar­ter.

Team owner Lib­erty Me­dia dis­closed Thurs­day that the Braves’ rev­enue in­creased by $15 mil­lion, from $185 mil­lion to $200 mil­lion, in the July-Septem­ber quar­ter, com­pared to the same pe­riod a year ear­lier.

The Braves’ op­er­at­ing profit be­fore de­pre­ci­a­tion and amor­ti­za­tion grew by $24 mil­lion in the lat­est quar­ter, from $48 mil­lion to $ 72 mil­lion, com­pared to the same pe­riod in 2017, Lib­erty Me­dia said.

The new fi­nan­cial dis­clo­sures came as the Braves and other Ma­jor League Base­ball teams pre­pare to be­gin their off­sea­son shop­ping and spend­ing on the free-agent and trade mar­kets.

The re­sults con­tin­ued an up­ward trend since the Braves moved to SunTrust Park, a trend that has stirred much spec­u­la­tion about when, or whether, the team will sig­nif­i­cantly in­crease its player pay­roll to re­flect the surge in rev­enue.

Lib­erty Me­dia at­trib­uted the Braves’ rev­enue growth in the July-Septem­ber quar­ter to “in­creased ticket prices, higher at­ten­dance and in­creased con­ces­sions per turn­stile” and to in­creased op­er­a­tions at The Bat­tery At­lanta, the mixe­duse de­vel­op­ment ad­ja­cent to the sta­dium.

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