Seaport Entertainment Group Inc. ( (SEG) ) has released its Q1 earnings. Here is a breakdown of the information Seaport Entertainment Group Inc. presented to its investors.
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Seaport Entertainment Group Inc. is a Delaware-based company operating in the entertainment and real estate sector, with assets concentrated in New York City and Las Vegas, including hospitality, entertainment, and landlord operations. In its latest earnings report, Seaport Entertainment Group Inc. reported a net loss of $31.5 million for the first quarter of 2025, an improvement from the $44.1 million loss in the same period last year. The company’s total revenues increased to $16.1 million, driven by higher hospitality and entertainment revenues, despite a decline in rental revenue. However, total expenses rose to $48.8 million, primarily due to increased hospitality and entertainment costs. The company also reported a decrease in cash and cash equivalents to $129.9 million from $165.7 million at the end of 2024. Looking ahead, Seaport Entertainment Group Inc. remains focused on leveraging its unique asset base to drive growth and improve financial performance, as it navigates the challenges of operating as a standalone public company.