Question · Q2 2024
The analyst inquired about demand drivers for the teams, specifically which revenue streams are seeing the most benefit, and asked for details on the cost forecast and the relationship between revenue and cost growth for the year.
Answer
The company is seeing strong demand across all key areas, with a 94% season ticket renewal rate, record suite revenues, and a nearly 10% increase in per capita spending on merchandise and concessions. While robust revenue growth is expected to continue, AOI will be impacted by higher team operating costs, including increased salary caps and revenue-sharing expenses.