Braves' Revenue, Profit Increase In Q3 As Upward Trend Continues
The Braves' Q3 revenue increased by $15M, from $185M-200M, "compared with the same period a year earlier," continuing an "upward trend since the Braves moved to SunTrust Park" prior to the '17 season, according to Tim Tucker of the ATLANTA JOURNAL-CONSTITUTION. The Braves' operating profit before depreciation and amortization also grew by $24M in Q3, from $48M-72M, compared to Q3 in '17. The team's revenue growth was attributed to "'increased ticket prices, higher attendance and increased concessions per turnstile' and to increased operations at The Battery Atlanta." Of the Braves' $200M in Q3 revenue, $190M "came from baseball" and $10M from The Battery. The Braves' operating profit after depreciation and amortization was $45M, "up from a loss" of $9M in the same period a year ago. The two home NLDS games against the Dodgers last month were "not included in the financial results" (ATLANTA JOURNAL-CONSTITUTION, 11/9).