Atlanta Braves Holdings, Inc. Reports Q2 2023 Net Loss of $28.9 Million

Atlanta Braves Holdings, Inc.(BATRK) has released its unaudited financia l results for the second quarter of 2023, revealing a net loss of $28.9 million. Despite the loss, the company's revenue demonstrated resilience, reaching $270.1 million for the quarter. The report also highlighted significant activities in the Mixed-Use Development sector, contributing to the overall financial picture of the organization.

Net Loss of $28.9 Million in Q2 2023

Atlanta Braves Holdings, Inc. faced a net loss of $28.9 million during the second quarter of 2023. This marked downturn was attributed to various factors, including operating costs, interest expenses, and unrealized losses on intergroup interests. The company experienced an operating income of $19.5 million, a notable decrease from the $27.6 million reported during the same period in 2022.

Strong Revenue of $270.1 Million for Q2