During the day-long investors event, which was broadcast on Liberty’s website, Braves executives provided details on how much money the team is making.
In the first nine months of this year, through Sept. 30, the Braves posted an operating profit before depreciation and amortization of $105 million (up more than 100 percent from $49 million at the same point in 2017) and revenue of $410 million (up from $366 million at the same point in 2017).
The Braves’ strong financial results have stirred speculation about when, or whether, the team will significantly increase its player payroll to add more talent to a young roster that won the National League East championship this year.
The Braves didn’t specifically address future player payrolls during Wednesday’s conference, but the team’s chief financial officer, Jill Robinson, said: “We all believe (2019) is going to be a fantastic year for us on the field, and these financial results we are showing you should help us make wise investments in the team. Hopefully you will see the results of that on the field next year.”
From 2016 -- their last season at Turner Field -- to 2018, the Braves said average paid attendance increased 26 percent, gate receipts increased 66 percent, average ticket price increased 32 percent and sponsorship revenue increased 107 percent.
“It’s pretty obvious to all of us in this business that we really exceeded expectations on and off the field this year,” said Mike Plant, CEO of Braves Development Co.
Maffei said The Battery, the Braves’ mixed-use development adjacent to SunTrust Park, attracts 3 million people per year in addition to baseball game attendees.
Liberty Media, based in Colorado, purchased the Braves in 2007.
Wednesday’s event also featured presentations on other Liberty Media businesses, including the Formula One auto racing circuit.