Earnings ·
Reports Q3 net loss of $0.65 per share, down 75% year-over-year
SEGSeaport Entertainment Group Inc.
Seaport Entertainment Group reported a third-quarter net loss attributable to common stockholders of $8.4 million, or $0.65 per share, compared to $33.2 million, or $2.61 per share, in the prior-year period. Total revenues declined 27.4% year-over-year to $32.7 million. The company delivered positive operating EBITDA for the second consecutive quarter and reported a 58.3% improvement in non-GAAP adjusted net loss to $3.0 million. Year-to-date, the net loss improved 21.2% to $62.9 million. Seaport Entertainment Group operates entertainment and hospitality assets including venues, restaurants, and retail spaces.