Seaport Entertainment Reports Q3 2026 Results with Improved Net Loss and Positive EBITDA
Seaport Entertainment (SEG) reported third-quarter 2026 financial results characterized by a significant decline in total revenue to $32.7 million, a 27.4% year-over-year drop driven primarily by the departure of major tenants like Nike and ESPN. Despite the top-line contraction, the company showed marked improvement in bottom-line efficiency, reducing its net loss attributable to common stockholders to $8.4 million from $33.2 million in the prior year. The company achieved positive Total Operating EBITDA of $362,000, a substantial turnaround from negative figures in Q3 2025. This recovery was supported by improved expense management and the closure of loss-making food hall operations. While weather-related factors impacted ballpark attendance and certain entertainment segments, Seaport maintains a strong liquidity position with $72.2 million in net cash.
Topics: EBITDA growth net loss improvement revenue decline tenant departure