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Friday, November 05, 2021

How Fast Is MLB Bouncing Back From The Pandemic? One Club’s Financial Details Give Clues

For Q3 2020, the Braves showed revenues of $110 million with an operating loss of -$16 million. For Q3 2021 revenues jumped to $234 million with operating income of $30 million, an increase of 288% year-over-year.

Operating income is a measure of profit.

Not all of what the Braves own is derived exclusively from baseball-related revenue streams. When breaking down the financial figures the clubs posted baseball-related revenues of $222 million (+118% YOY) and $12 million in business-related revenues (+50% YOY) for Q3 of 2021.

Baseball-related revenues are comprised of both local and MLB’s national revenues which are centralized. Overall, baseball-related revenues are comprised of ballpark operations (ticket sales, concessions, corporate sales, retail, suites, premium seat fees, and postseason), local broadcast rights, and shared Major League Baseball revenue streams, including national broadcast rights and licensing.

The business development revenue for the Braves is derived from the Battery Atlanta mixed-use facilities and primarily includes rental income.

In total, adjusted Operating Income Before Depreciation and Amortization (OIBDA) for the Atlanta Braves jumped a staggering 867% for Q3 2021. OIBDA is operating income before depreciation and amortization. It is a measure of financial performance used by companies to show profitability in their core business activities. OIBDA excludes the effects of capital spending on fixed assets, such as equipment, and the interest expense of carrying debt.

 

RoyalsRetro (AG#1F) Posted: November 05, 2021 at 12:53 PM | 4 comment(s) Login to Bookmark
  Tags: coronavirus

Reader Comments and Retorts

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   1. Jeff Francoeur's OPS Posted: November 05, 2021 at 09:01 PM (#6051500)
Their Q4 numbers will be interesting. Curious to see what a full slate of playoff games nets them in revenue.
   2. Mayor Blomberg Posted: November 06, 2021 at 01:37 AM (#6051520)
an operating loss of -$16 million.

A negative loss, that's a profit, right?
   3. Walt Davis Posted: November 06, 2021 at 06:17 PM (#6051611)
Please tell me they included Q3 2019 numbers in their assessment of how well they bounced "back." That revenue would be massively higher than 2020 is not exactly a surprise, the question is how it compares to the last real season. Also the Braves started full(ish?) attendance in early May so their revenue numbers will be a bit better than most teams.
   4. McCoy Posted: November 06, 2021 at 07:28 PM (#6051637)
You can Google it.

https://www.ajc.com/sports/baseball/braves-latest-financial-results-revenue-and-are-expenses/Gqo0qo0nSTtZjPPUhxJ9aM/

It's up over 2019 as well

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