Overview

* Atlanta Braves ( BATRA ) Q3 revenue rises 7% yr/yr, driven by baseball and mixed-use development

* Adjusted OIBDA for Q3 more than doubles, reflecting operational improvements

* Baseball revenue increases 4% in Q3, driven by broadcasting revenue growth

Outlook

* Company did not provide specific future guidance

Result Drivers

* BROADCASTING REVENUE - Growth in baseball revenue driven by additional streaming rights and contractual rate increases

* MIXED-USE DEVELOPMENT - Revenue growth from increased rental income and real estate acquisition

* COST REDUCTIONS - Decrease in baseball operating costs due to lower player salaries and concession expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $284.36

Baseball mln

Revenue

Q3 $67.15

Adjusted mln

OIBDA

Q3 $38.93

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the leisure & recreation peer group is "buy"

* Wall Street's median 12-month price target for Atlanta Braves Holdings Inc ( BATRA ) is $65.00, about 34% above its November 4 closing price of $42.93

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)