Seaport Entertainment Q1 revenue falls, net loss widens

Seaport Entertainment

06/05/2026 21:35

Overview

US entertainment and hospitality firm's Q1 revenue fell 20.7% year-over-year

Net loss attributable to common stockholders widened 38% year-over-year

Non-GAAP adjusted net loss improved 21% year-over-year

Outlook

Company expects increased activity during its busiest period with new openings and events

Result Drivers

HOSPITALITY REVENUE DROP - Hospitality revenue fell to $5.1 mln from $7.7 mln year-over-year, contributing to overall revenue decline

HIGHER DEPRECIATION AND AMORTIZATION - Depreciation and amortization expenses rose to $20.1 mln from $8.1 mln, increasing total expenses

Company press release: ID:nBwbgyGsBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
-$1.41
-$1.24 (1 Analyst)
Q1 EPS
-$3.47


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for Seaport Entertainment Group Inc is $30.00, about 33.7% above its May 5 closing price of $22.44

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)