Atlanta Braves

Q2 FY2026 EarningsQ2 FY26 revenue of $934M missed consensus by 6.74%, primarily due to a lower volume of Formula 1 events during the quarter (5 vs 9 YoY). Normalized Net Income of $62M (consolidated continuing operations) exceeded the $22.7M consensus, aided by a higher-than-expected contribution from the newly integrated MotoGP segment. Operating cash flow of $673M for the first half was robust, though Q2 EBIT of $88M showed significant variance from analyst expectations due to event-driven cost timing and acquisition integration.