Liberty Braves Group reports Q2 EPS 46c, consensus 32c

Reports Q2 revenue $270.12M, consensus $285.85M. Reports Q2 adjusted OIBDA $41.87M. The company said, “Operating income and Adjusted OIBDA increased in the second quarter as revenue growth more than offset increased baseball operating costs. Baseball operating costs increased due to higher player salaries, increases under MLB’s revenue sharing plan and increased minor league team and player expenses, partially offset by lower variable concessions and retail expenses driven by fewer regular season home games. Selling, general and administrative expense was relatively flat in the second quarter. “