NYSE$SEG
Seaport Entertainment Group In · Q2 2024 earnings
Q2 2024 earnings · · After market close · Investor relations
Briefing
Seaport Entertainment Group Inc reported a net loss of $35.0 million for Q2 2024.
The company, operating as a division of Howard Hughes Holdings prior to its separation, generated total revenues of $33.9 million in the three months ended June 30, 2024, down from $37.5 million in the prior-year quarter. Sponsorships, events, and entertainment remained the largest revenue contributor at $18.7 million. The quarter resulted in an operating loss of $25.2 million and a net loss of $35.0 million, reflecting higher general and administrative expenses related to the separation.
- Total revenues declined 10% year-over-year to $33.9 million, driven by lower sponsorships, events, and entertainment revenue.
- Net loss widened to $35.0 million from $28.1 million in Q2 2023, primarily due to $11.6 million higher general and administrative costs tied to separation activities.
- Cash and cash equivalents stood at $3.3 million with total assets of $610.1 million as of June 30, 2024.
- Segment performance showed entertainment revenue at $18.7 million, hospitality at $8.9 million, and rental revenue at $6.3 million.
Headline financials
Revenue & EPS history
Seaport Entertainment Group In · Revenue · Quarterly
$33.9M
Revenue by segment
Seaport Entertainment Group In · $33.9M total across 4 segments · Q2 2024
- Sponsorships, events, and entertainment$18.7M—55.0%
- Hospitality$8.91M—26.3%
- Rental$6.32M—18.6%
- Other$59K—0.2%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
+0.5%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-0.8%
Avg return
30 days after
75%
6 / 8 earnings
Positive
+2.0%
Q1 2026
Best reaction
-3.2%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q1 2026 | +2.0% | -2.3% | +5.2% | |
| Q4 2025 | -1.9% | -7.1% | -5.8% | |
| Q3 2025 | -3.2% | -9.5% | -10.5% | |
| Q2 2025 | +2.0% | +12.2% | +4.0% | |
| Q1 2025 | +0.9% | -3.6% | +6.1% | |
| Q4 2024 | +0.2% | -6.5% | -18.2% | |
| Q3 2024 | +1.8% | +4.7% | +6.3% | |
| Q3 2023 | +1.8% | +4.7% | +6.3% | |
| Q2 2023 | — | — | — |
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