The Braves generated $212M in revenue from July-September, up from $200M in the same period a year agoGETTY IMAGES
The Braves' financial results during Q3 showed an "organization thriving financially," which has led fans to "wonder how aggressively the team will spend on the free-agency and trade markets during the offseason," according to Tim Tucker of the ATLANTA JOURNAL-CONSTITUTION. The Braves generated $212M in revenue in Q3, up from $200M in the same period a year ago. While parent company Liberty Media said the revenue growth was "primarily due to increased ticket and concession sales," the additional revenue was "more than offset" by a $40M increase in the team's operating expenses, resulting in a decline in profit. Liberty said that the Braves had "operating profit before depreciation, amortization and stock-based compensation" of $46M in Q3, compared to $74M during the same period last year. Liberty also disclosed that the Braves' debt grew by $70M in the July-September period to $540M. The debt "largely stems from the construction of SunTrust Park and the continuing development of The Battery Atlanta." Of the total revenue, $203M "came from baseball sources," up from $190M in during the same period last year. The other $9M "came from The Battery," down from $10M last year (ATLANTA JOURNAL-CONSTITUTION, 11/12).
