Atlanta Braves Holdings, Inc.

Greetings. Welcome to the Atlanta Braves Holdings second quarter 2026 earnings conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. 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 adjusted orbita and the reconciliations 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 McGuirk, Chairman, President, and CEO of Atlanta Braves Holdings.

Good morning. Thank you for joining us. Joining me today are Derek Schiller, President and CEO of the Atlanta Braves, Mike Plant, President and CEO of Braves Development Company, and Jill Robinson, our CFO. With only 49 games left in the season, our team continues to play well. Currently, we sit in first place in the National League East with Fangraphs giving the Braves an 89% chance of winning the division and a 99% chance Chris Hale, Matt Olsen and Ozzie Alves have continued to provide production and veteran leadership. Drake Baldwin has built on his rookie of the year season, and Rizal Iglesias has been outstanding at the back end of our bullpen. Michael Harris has returned to form and has been exceptional both at the plate and in center field. As we move through the second half of the season, we are encouraged by the progress of several key players who are making their way back from injuries. 23-year-old A.J. Smith-Jarver is back from Tommy John surgery and throwing 100 miles an hour and looking like his old self. Five-time All-Star Ronald Acuna Jr. only recently rejoined the team, and his presence makes everyone better. In addition, Sean Murphy and Ha-Sung Kim were on rehabilitation assignments returned to the team yesterday. The depth of this team has been on full display in the past few months, and we are excited to be playing at near full strength going into the back half of the season. Our objective remains the same every year, to compete for and win a World Series championship. We have great confidence in Alex Anthopoulos, our president of baseball operations, and Walt Weiss, our field manager, two of the finest leaders in baseball. Part of the strength of this organization has been our ability to draft successfully and cultivate young players, which has helped the Braves develop a premier minor league system. With the expiration of the trade deadline earlier this week, we added some valuable talent for the stretch, starting with talented outfielder Lane Thomas, as well as multiple players to bolster our pitching depth, including Bailey Falter, Brent Suter, Tyler Uberstein, and Tyler Molley. We approach the trade deadline the same way we have in the past, with a mentality of making our team better without sacrificing the next wave of talent. This is a deep and talented organization, and we believe this team is positioned to compete deep in October. We were extremely proud to have had five Braves selected to represent the National League in the All-Star Game. Chris Sale, Matt Olson, Ozzie Alves, Drake Baldwin, and Ryzel Iglesias. Chris Sale was selected for the 10th time in his outstanding career. Having five representatives tied for the most among National League teams reflects the talent and depth of this club. I also want to recognize Braves legend Andrew Jones, who was inducted into the National Baseball Hall of Fame on July 26. Andrew became the 12th player to enter the Hall as a Brave, capping a remarkable career that included 10 consecutive Gold Glove Awards, five All-Star selections, and 434 home runs. His impact on our franchise and the city of Atlanta has been extraordinary. and finally, I'd like to thank Braves Country. Attendance and fan engagement have remained very strong with 17 sellouts this season through July and the energy our fans bring to Truist Park makes a real difference to our players and the entire organization. We never take their passion or loyalty for granted. With that, I'll turn the call over to Derek.