Braves had a net loss of $20 million last year
Now that the Braves have their own publicly traded stock, they are required to disclose more financial information about the team.
In a filing with the U.S. Securities and Exchange Commission late Wednesday, team owner Liberty Media reported that the Braves brought in revenue of $243 million last year, down from $250 million in 2014 and $260 million in 2013.
The Braves had a net loss of $20 million last year, according to the filing. But that included $31 million in expenses for depreciation and amortization.
The Braves’ operating profit before depreciation and amortization, excluding stock-based compensation, was $3 million, according to Liberty’s figures.
The disclosures were made in connection with an investors meeting today in Atlanta during which Liberty Media and Braves executives will discuss the team’s operations and its new tracking stock, which began trading this week. Please check back for updates.
About the Author
Tim Tucker, a long-time AJC sports reporter, often writes about the business side of the games. He also had stints as the AJC's Braves beat writer, UGA beat writer, sports notes columnist and executive sports editor. He was deputy managing editor of America's first all-sports newspaper, The National Sports Daily.
