Braves’ revenue, profit increase in latest quarter
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.