Seaport Entertainment Group In Earnings Reports

Seaport Entertainment Group reported total revenue of $22.84 million in Q4 2024, a slight decrease of 0.3% year-over-year. The company posted a GAAP net loss of $41.63 million, while its non-GAAP adjusted net loss was $19.19 million. Revenue from sponsorships, events, and entertainment declined, while hospitality and rental revenues increased slightly. The company secured new leasing agreements and expanded partnerships in an effort to improve future revenue generation.

Seaport Entertainment Group reported its Q3 2024 results, highlighting its separation from Howard Hughes Holdings and its new status as an independent publicly traded company. The company reported a net loss of $32.5 million, or $5.89 per share, and revenues of $39.7 million, slightly lower than the prior year's $40.5 million.