The Battery is buzzing with energy.
Despite the Braves finishing fourth and missing the playoffs last year, they saw a 7% increase in baseball-related revenues, reaching $635 million. But it was their real estate ventures around Truist Park that really took off, with a whopping 45% jump to $97 million in 2025.
Overall, the Braves' revenues climbed 11% to $732.5 million. As the only publicly traded MLB team, the Braves provide a rare glimpse into team finances, dividing their income into “mixed-use” and “baseball.” The Battery, a lively hub of shops, restaurants, and residences, has become a blueprint for the modern “ballpark village.”
According to Mike Plant, president of the team’s development company, “2025 was a record year for our tenants, achieving a new annual sales milestone of about $137 million across just 30 locations, making it one of the top mixed-use operations nationwide.”
With labor negotiations looming and a potential lockout on the horizon, team revenues are a hot topic this year.
Despite these revenue boosts, the Braves reported an operating loss of about $14 million, an improvement from the previous year’s $40 million loss. This was largely due to a $30 million write-down following the end of their local TV deal with Main Street Sports Group.
However, when looking at operating income before depreciation and amortization (OIBDA), the team saw a 172% increase, generating about $108 million, up from $40 million in 2024. On the baseball side alone, OIBDA was $51 million, a significant rise from the previous year.
The Braves’ financial success contrasts with their on-field struggles, finishing last season 76-86. Concerns about their pitching rotation have been highlighted, but with a payroll projected at $260 million, there’s confidence in a postseason push. “We believe we have all the pieces to compete for a World Series title,” said Braves chairman Terry McGuirk.
The financial report coincided with the Braves’ announcement of handling their own broadcasts for 2026 through “BravesVision.” After parting ways with Main Street Sports Group, they are one of the few teams taking this route, while most others are letting MLB manage their broadcasts.
Braves CEO Derek Schiller stated, “BravesVision will maximize reach for fans, allowing them to watch on multiple platforms, with all games available for streaming in partnership with MLB.”
Broadcast revenue hit about $189 million last year, up from $166 million in 2024. With the Braves managing their TV efforts, more detailed financial information is expected in future reports.
The future of BravesVision remains uncertain as MLB Commissioner Rob Manfred eyes a strategy to bundle local rights, potentially aligning MLB with other major leagues like the NBA and NFL in national TV deals.
Looking ahead, tax laws could impact the Braves, potentially increasing their tax bill by $19 million due to new limits on deductions for high-paid employees. The team is actively working on this issue, though details remain under wraps.
While the Braves’ financial transparency is unique, the Toronto Blue Jays, owned by Rogers Communications, also provide insights. Rogers reported a 126% jump in fourth-quarter media revenue, fueled by the Blue Jays’ World Series run and new sports assets. Overall, Rogers saw a 13% revenue increase for the quarter and 5% for the year.