Seaport Entertainment Group Q2 FY26 net loss narrows 29.2% to $10.5 million; revenue falls 13.8% to $34.29 million - SEG News | RalliesSeaport Entertainment Group Q2 FY26 net loss narrows 29.2% to $10.5 million; revenue falls 13.8% to $34.29 million
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SEG• Management commentary
- Management said each segment was profitable for the first time.
- The Nike lease termination brought in USD 3.7 million, enabling the Pier 17 Event Space buildout.
Second-quarter results
- Seaport Entertainment Group posted Q2 net loss of USD 10.11 million, narrowing 29.9% year over year.
- Revenue fell 13.8% to USD 34.29 million, reflecting a drop in hospitality revenue to USD 7.02 million.
- Net loss attributable to common stockholders improved 29.2% to USD 10.46 million, or USD 0.82 per share.
- Non-GAAP adjusted net income attributable to common stockholders swung to USD 320,000, or USD 0.02 per share.
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