| Schedule of revenue and adjusted OIBDA |
| | | | | | | | | | | | | December 31, 2025 | | | | amounts in thousands | | | | Baseball | | | Mixed-Use Development | | | Total | | | | | | | Revenue from external customers | | $ | 635,060 | | $ | 97,432 | | $ | 732,492 | | | | | | | | | | | | | Less: (1) | | | | | | | | | | | Baseball operating costs | | | 496,987 | | | — | | | | | Mixed-Use Development costs | | | — | | | 14,363 | | | | | Other segment items (2) | | | 86,969 | | | 14,542 | | | | | Segment Adjusted OIBDA | | | 51,104 | | | 68,527 | | $ | 119,631 | | | | | | | | | | | | | Reconciliation of Adjusted OIBDA | | | | | | | | | | | Corporate and other unallocated costs | | | | | | | | | (11,818) | | Impairment expense | | | | | | | | | (30,131) | | Stock-based compensation | | | | | | | | | (15,575) | | Depreciation and amortization | | | | | | | | | (75,634) | | Operating income (loss) | | | | | | | | $ | (13,527) | | Interest expense | | | | | | | | | (46,440) | | Share of earnings (losses) of affiliates, net | | | | | | | | | 29,433 | | Realized and unrealized gains (losses) on intergroup interests, net | | | | | | — | | Realized and unrealized gains (losses) on financial instruments, net | | | | | | (1,001) | | Gains (losses) on dispositions, net | | | | | | | | | — | | Other, net | | | | | | | | | 7,423 | | Earnings (loss) before income taxes | | | | | | | | $ | (24,112) | |
| (1) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. |
| (2) | Other segment items represent selling, general and administrative costs, excluding stock-based compensation expense and other insignificant items. |
| | | | | | | | | | | | | December 31, 2024 | | | | amounts in thousands | | | | Baseball | | | Mixed-Use Development | | | Total | | | | | | | Revenue from external customers | | $ | 595,430 | | $ | 67,318 | | $ | 662,748 | | | | | | | | | | | | | Less: (1) | | | | | | | | | | | Baseball operating costs | | | 504,146 | | | — | | | | | Mixed-Use Development costs | | | — | | | 9,762 | | | | | Other segment items (2) | | | 84,659 | | | 12,108 | | | | | Segment Adjusted OIBDA | | | 6,625 | | | 45,448 | | $ | 52,073 | | | | | | | | | | | | | Reconciliation of Adjusted OIBDA | | | | | | | | | | | Corporate and other unallocated costs | | | | | | | | | (12,390) | | Impairment expense | | | | | | | | | — | | Stock-based compensation | | | | | | | | | (16,519) | | Depreciation and amortization | | | | | | | | | (62,829) | | Operating income (loss) | | | | | | | | $ | (39,665) | | Interest expense | | | | | | | | | (38,789) | | Share of earnings (losses) of affiliates, net | | | | | | | | | 30,460 | | Realized and unrealized gains (losses) on intergroup interests, net | | | | | | — | | Realized and unrealized gains (losses) on financial instruments, net | | | | | | 3,424 | | Gains (losses) on dispositions, net | | | | | | | | | — | | Other, net | | | | | | | | | 8,629 | | Earnings (loss) before income taxes | | | | | | | | $ | (35,941) | |
| (1) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. |
| (2) | Other segment items represent selling, general and administrative costs, excluding stock-based compensation expense and other insignificant items. |
| | | | | | | | | | | | | December 31, 2023 | | | | amounts in thousands | | | | Baseball | | | Mixed-Use Development | | | Total | | | | | | | Revenue from external customers | | $ | 581,671 | | $ | 58,996 | | $ | 640,667 | | | | | | | | | | | | | Less: (1) | | | | | | | | | | | Baseball operating costs | | | 482,391 | | | — | | | | | Mixed-Use Development costs | | | — | | | 8,834 | | | | | Other segment items (2) | | | 78,619 | | | 10,663 | | | | | Segment Adjusted OIBDA | | | 20,661 | | | 39,499 | | $ | 60,160 | | | | | | | | | | | | | Reconciliation of Adjusted OIBDA | | | | | | | | | | | Corporate and other unallocated costs | | | | | | | | | (22,399) | | Impairment expense | | | | | | | | | — | | Stock-based compensation | | | | | | | | | (13,221) | | Depreciation and amortization | | | | | | | | | (70,980) | | Operating income (loss) | | | | | | | | $ | (46,440) | | Interest expense | | | | | | | | | (37,673) | | Share of earnings (losses) of affiliates, net | | | | | | | | | 26,985 | | Realized and unrealized gains (losses) on intergroup interests, net | | | | | | (83,178) | | Realized and unrealized gains (losses) on financial instruments, net | | | | | | 2,343 | | Gains (losses) on dispositions, net | | | | | | | | | 2,309 | | Other, net | | | | | | | | | 6,496 | | Earnings (loss) before income taxes | | | | | | | | $ | (129,158) | |
| (1) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. |
| (2) | Other segment items represent selling, general and administrative costs, excluding stock-based compensation expense and other insignificant items. |
|