Atlanta Braves Holdings, Inc.

Greetings. Welcome to the Atlanta Braves Holdings first quarter 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one in your telephone keypad. As a reminder, this call is being recorded. At this time, I would like to turn the call over to Cameron Rudd, Vice President of Investor Relations.

Before we begin, we'd like to remind everyone that on today's call, management's prepared remarks may contain forward-looking statements that represent our beliefs or expectations about future events. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ from those discussed today. A number of factors could cause actual results to differ materially from those anticipated, including those set forth in the risk factors section of our annual and quarterly reports filed with the SEC. Forward-looking statements are based on current expectations, assumptions, and beliefs, as well as information available to us at this time, and speak only as of the date they are made, and management undertakes no obligation to update publicly any of them in light of new information or future events. During this call, we will discuss certain non-GAAP financial measures, including adjusted orbita. The full definition of non-GAAP financial measures and reconciliation to the comparable GAAP financial measures are contained in the Form 10-Q and earnings press release available on the company's website. Now I'd like to turn the call over to Terry McGurk, Chairman, President, and CEO of Atlanta Braves Holdings.

Welcome, everyone, and thank you for joining our first quarter 2026 earnings conference call. Joining me today are Derek Schiller, President and CEO of the Atlanta Braves, Mike Plant, President and CEO of the Braves Development Company, and Jill Robinson, our CFO. Before we begin, I'd like to take a moment to remember two Braves icons who passed away last week. Our good friend and former owner, Ted Turner, and the best manager to ever wear a Braves uniform, Bobby Cox. Ted was one of a kind, a brilliant businessman, consummate showman, and passionate fan of his beloved Braves. His visionary leadership and innovative approach to broadcast television transformed the Braves into America's team. Under his stewardship, the ball club experienced one of the greatest runs of sustained excellence in Major League Baseball history and brought a World Series championship to Atlanta in 1995. He was also a legendary philanthropist whose compassion and generosity extended around the world. Bobby Cox led our team to 14 straight division titles five National League pennants, and the unforgettable World Series title in 1995. He garnered 2,149 wins as Braves manager, the most in franchise history, and delivered the longest period of sustained success for our ball club. Bobby was a four-time winner of the Manager of the Year Award. His Braves managerial legacy will never be matched. He was a favorite among all in baseball, especially those who played for him. His wealth of knowledge on player development and the intricacies of managing the game were rewarded with the sports ultimate prize in 2014 enshrinement into the baseball hall of fame. Our sincere condolences go out to the Turner family and to the Cox family. Back to the season. We're off to a terrific start this year, both on and off the field. As we start May, we have one of the best records in baseball and are in first place in the National League East. This is the kind of fast start that we were hoping for, and we are doing this while still awaiting the return of several impact players who have been recovering from injuries during the early stages of the season. On the mound, we finished the month of April leading the National League in ERA and a strong performance by our both starting rotation and bullpen. And at the plate, we led the majors in runs scored and sat third in home runs. We outscored our competition by 66 runs in March and April, tied for the best run differential in the sport, which I consider one of the best power ranking metrics in baseball. Alex Anthopoulos has put together an exceptional roster and our new manager, Walt Weiss is bringing a competitive spirit and enthusiasm that is working well with the players in the clubhouse. As we have said on a number of occasions, our ultimate goal every year is to compete for and win another World Series for our fans. This start puts us in an outstanding position to continue focusing on the playoffs, which is the first step on that championship journey. Baseball continues to grow and cultivate fans across the country and around the world. In addition to the recent MLB World Tour Series in Mexico City just a few weeks ago, fans from across the globe tuned in for the World Baseball Classic, which was held earlier this spring, and featured star performances from several of our current Braves players, including Ronald Acuna Jr. and Ozzie Albies. The focus and commitment to building a worldwide audience will pay huge dividends as MLB markets itself internationally over the next decade. The pitch clock and the introduction of the automated ball strike challenge system have harnessed technology and strategy, enhancing competitiveness and improving the fan experience, especially for the younger demographic. Our sport is enjoying great momentum and popularity with the fans. In addition to the Braves strong on the field performance off the field, we have grown revenue and made a number of investments that are focused on the fans and their experience. In particular, I'd like to commend our entire organization for the launch of Braves vision. We were able to accomplish in an incredibly short amount of time, something that most organizations would take a year or more to develop. The Herculean effort by the Braves to build an organization in three months that we expect to meet or exceed the economics generated under our prior RSN agreement is management excellence, in my opinion, and a big victory for the fans. Now, as I turn the call over to Derek, I would like to thank our fans. Attendance has been great to start the year. We know as an organization that we have the greatest fans in baseball. and everything we do is focused on delivering for them. We are steadfast in that commitment, and we do not take their passion and loyalty for granted. With that, I'll turn it over to Derek to walk through in more detail the launch of BrazeVision and additional details on our operating performance in the first quarter.