Strong Revenue Growth
Total revenue of $72.0M in Q1 2026 versus $47.2M in Q1 2025, a ~52.5% year-over-year increase. Baseball revenue rose to $45.7M from $28.6M (~+59.9%) and mixed-use development revenue increased to $26.3M from $18.6M (~+41.4%).
Improving Profitability Trends
Adjusted OIBDA loss improved to -$17.6M from -$28.5M in Q1 2025, a ~$10.9M improvement (≈38% reduction in the loss). Operating loss improved to -$41.3M from -$44.5M (~$3.2M improvement, ≈7.2%).
Successful Launch of Braves Vision
Launched Braves Vision quickly (built in weeks vs typical 12–18 months); preserved linear distribution including major distributors, expanded over-the-air games from 15 to 25 (+66.7%), and rolled out a direct-to-consumer braves.tv streaming product. Management expects to meet or exceed prior RSN economics, with minimal upfront capital investment due to Raycom partnership.
Outstanding On-Field Performance
Team off to a terrific start: one of the best records in baseball, first place in NL East entering May, led National League in ERA, led majors in runs scored, third in home runs, and outscored opponents by 66 runs (tied for best run differential in the sport).
Strong Attendance and Fan Engagement
Through first 18 home games averaged ~33,000 tickets sold per game with seven sellouts. High attendance at concerts and events (e.g., three Savannah Bananas sellouts and over 100,000 fans across the weekend). The Battery Atlanta recorded ~1.4M visitors in Q1.
Mixed-Use Development Momentum
The Battery showed leasing and development strength: five new/extended deals (~50k sq ft signed) and ~75k sq ft under redevelopment; notable tenant additions and premium restaurant openings planned (Hundredfold, J. Alexander's).
Solid Liquidity Position
Cash and cash equivalents of $135.2M as of 03/31/2026 and ~ $265M of available revolving borrowing capacity, providing flexibility while new distribution cash flows normalize.