earnings
confidence high
sentiment negative
materiality 0.60
Seaport Entertainment Q1 net loss $31.9M (-$2.51/sh); revenue $16.1M, operational steps noted
Seaport Entertainment Group Inc.
2025-Q1 EPS reported
-$2.51
revenue$16,069,000
- Net loss of $31.9M ($2.51/sh) vs $44.1M ($7.98/sh) in Q1 2024; adjusted net loss $22.8M ($1.79/sh).
- Total revenue $16.1M, up 10.7% YoY, partly due to consolidation of Tin Building (previously equity-method).
- Internalized F&B operations via CCMC; signed 74,497 sq ft Meow Wolf lease and 17,500 sq ft event space at Pier 17.
- Hosting NYC Wine & Food Festival in Oct 2025; Las Vegas Aviators first in Pacific Coast League.