The Liberty Braves Group (NASDAQ:BATRA) Q3 2023 Earnings Call Transcript

Derek Schiller: Yes. Thanks, Greg. So what I would say, just on the macro level, not trying to get too far ahead of baseball or the commissioner’s office in this. But you think about baseball and maybe even ahead of that, live sports content still very much in demand regardless of all the changes and fragmentation that’s happening in the marketplace. So I think being in the live sports content business is certainly a very good thing. And then to baseball specifically, you’ve got 162 games. So there’s an enormous amount of that content the sport is extremely popular. As Greg mentioned, selling 70 million tickets this year and just all the other factors. So I think from a macro perspective, the sport is very healthy and has great opportunity.

And looking at it from just at Braves lens, a little bit to Greg’s earlier comments, we have a very large marketplace. We are significantly advantaged in that marketplace, especially against a lot of our peer sets. And so there’s a lot of opportunity, and that disruption might happen. But at the same time, I think the opportunity for us and for the broader sport is certainly there.

Gregory Maffei: Thank you all for your interest in Liberty Media. I think that was our last question. We look forward to seeing in the Atlanta Braves. I don’t mean to our Braves friends. I so used to being part of the family. I don’t have to call them out separately. Thank you for your interest. As I said, we look forward to seeing many of you next week in New York and if not, on our next earnings call. Thank you.

Operator: This concludes today’s teleconference. You may now disconnect your lines at this time. Thank you for your participation.