The Braves revenue increased by 34 percent in their first three months in their new stadium, team owner Liberty Media disclosed Wednesday. <\/p>\n
The Braves had revenue of $176 million in the April-through-June quarter, an increase of $45 million from $131 million in the same period last year. <\/p>\n
The increase in Braves revenue in the quarter was primarily attributable to an increase in ballpark operations revenue driven by the Braves move to their new ballpark, SunTrust Park, and improved on-field performance, Liberty Media said in reporting its second-quarter financial results. <\/p>\n
Ticket sales, concessions, corporate sales, suites and premium seat fees all increased during the second quarter. <\/p>\n
In another key measure of the Braves financial performance, Liberty said operating profit before depreciation and amortization was $27 million for the quarter, up from $12 million in the same period a year ago. Liberty said that increase was primarily due to the increase in ballpark operations revenue partially offset by increased costs associated with baseball and ballpark operations. <\/p>\n
After depreciation and amortization, the Braves showed an operating loss of $3 million. Liberty cited increased depreciation and amortization expense due to an increase in property and equipment to support the development of the Braves mixed-use facility that surrounds SunTrust Park. <\/p>\n
Please check back later today for more details on this story. <\/p>\n
Braves fans headed to SunTrust Park early to experience the new ballpark on opening day. (Erica A. Hernandez\/AJC) <\/p>\n
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Braves' revenue jumps 34% in new stadium, Liberty Media says - Atlanta Journal Constitution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Braves revenue increased by 34 percent in their first three months in their new stadium, team owner Liberty Media disclosed Wednesday. Continue reading