Atlanta Braves Holdings, Inc. (NASDAQ: BATRA, BATRK) announced its fourth-quarter and full-year 2024 financial results.

Key highlights:
- Total revenue increased 3% year-over-year to $663 million.
- Baseball revenue grew 2% to $595 million, supported by increased broadcasting revenue and sponsorship agreements.
- Mixed-use development revenue rose 14% to $67 million, driven by rental income and higher parking revenue.
- Adjusted OIBDA increased 5% to $39.7 million.
- Operating loss improved 15% year-over-year to $39.7 million.
- Cash flow: ABH ended the fourth quarter of 2024 with $110 million in cash, an increase of $9 million.
- Debt reduction: Total debt decreased by $23 million in the fourth quarter, mainly due to repayments under the TeamCo revolver.

Revenue breakdown:
- Baseball event revenue rose 2% to $348 million, benefiting from higher sponsorships and ticket prices, though offset by lower attendance.
- Broadcasting revenue increased 3% to $166 million due to contractual rate increases.
- Mixed-use development revenue grew 14% to $67 million, driven by new lease commencements and increased tenant recoveries.

Outlook:
ABH continues investing in team operations and The Battery Atlanta development, positioning itself for long-term revenue growth.

Conference call:
ABH will discuss earnings on February 26, 2025, at 10:00 a.m. Eastern Time. Investors can access the call via the company’s website.