Seaport Entertainment Group Revenue Falls 27.4% in Q3 as Adjusted Loss Narrows
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Seaport Entertainment Group's third-quarter revenue fell 27.4% year over year to $32.704 million, while its adjusted net loss narrowed as hospitality and entertainment revenue declined. Results for the three months ended Sept. 30, released Nov. 4, showed revenue down $12.346 million from $45.050 million in the year-earlier quarter. The unaudited non-GAAP adjusted net loss attributable to common stockholders narrowed to $3.012 million, or $0.23 per share, from $7.218 million, or $0.57 per share. On a GAAP basis, the net loss attributable to common stockholders was $8.376 million, or $0.65 per share. The comparable per-share loss a year earlier was $2.61.
Source: TokenPost
