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Liberty Braves Q1 loss widens 70.8% YOY

The Liberty Braves Group said its first-quarter normalized net income came to a loss of $25.6 million, compared with a loss of $15.0 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue fell 20.0% year over year to $4.0 million from $5.0 million, and total operating expenses climbed 51.6% from the prior-year period to $47.0 million from $31.0 million.

Reported net income came to a loss of $25.0 million, or a loss of 75 cents per share, compared to a loss of $15.0 million in the year-earlier period.