Loading ...Liberty Media, owner of the Atlanta Braves since 2007, reported that the Braves' revenue increased by $17 million in 2012.
The Braves had revenue of $225 million and adjusted operating income before depreciation and amortization of $22 million in 2012, an 8% increase from 2011. The Braves had revenue of $208 million and adjusted operating income before depreciation and amortization of negative $6 million in 2011.
The negative $6 million is attributed to the accounting methods used following the trade of Derek Lowe in 2011. The Braves agreed to pay $10 million of Lowe's $15 million contract, and Liberty reported that amount as a 2011 fourth-quarter expense. Thus, $10 million of the $28 million increase in adjusted operating income is due to the Lowe trade.
Since Liberty is a publicly traded company, it discloses its financial results. In the report, Liberty claimed the revenue increase was due to "slightly greater fan attendance and with a slightly higher average price per ticket."
With the jump in revenue, a restructured TV deal with Fox Sports South, and a national TV contract that will bring in money for every team, the Braves will seemingly have more financial flexibility in the future.
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