Seaport Entertainment Q4 2024 net loss widens to $41.6M; adjusted loss improves

Seaport Entertainment Group Inc.

Net loss Q4 2024 ($41.6M) vs ($36.0M) in Q4 2023; full year loss ($153.2M).
Non-GAAP adjusted net loss Q4 ($19.2M) vs ($27.95M) prior year; improvement.
Revenue flat at $22.8M; net loss per share ($3.63) vs ($6.52) due to share count increase.
Raised $166.8M via rights offering of 7M shares at $25.00 per share in Q4.
Signed long-term lease with Meow Wolf (74,497 sq ft) for Pier 17 in 2027; extended Live Nation deal.

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