The Atlanta Braves continue to see an increase in revenue from the opening of SunTrust Park, according to recently-released numbers.
With this year’s opening of SunTrust Park and portions of Battery Atlanta–an adjacent mixed-use development– have come a financial boost that has been reflected in the Braves’s reports of increased revenue. That trend continued in the third quarter, as was recently revealed by the team’s parent company, Liberty Media.
In the third quarter, the Braves Group generated $185 million in revenue, a sharp uptick from the $109 million generated over the same period in 2016. Furthermore, the club’s revenue earnings through the first three quarters of 2017 have been reported to exceed their totals for all of last year. More from The Marietta Daily Journal:
In the third quarter, the Braves Group saw a profit — adjusted income before depreciation and amortization — of $48 million.
The Braves Group saw revenue of $262 million in all of 2016, according to financial reports from Liberty.
The report attributes the increase in revenue to an increase in ballpark operations at the new SunTrust Park, which saw ticket sales, concessions, corporate sales, suites and premium seat fees all increase in the third quarter.
SunTrust Park received considerable acclaim over its first season. It was also recognized as part of Ballpark Digest’s ongoing award season, as SunTrust Park captured the 2017 Ballpark of the Year.
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