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Seaport Entertainment Group (SEG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Seaport Entertainment Group (SEG) Q3 2026 earnings results →
Q3 2026 Revenue down 27% year over year to $32.7M · 25¢ of every $1 of revenue lost · operating margin -28.2%
Seaport Entertainment Group made $32.7M in Q3 2026 (-27% Y/Y): Entertainment $19.7M, Hospitality $7.9M, Rental revenue $4.3M. Operating margin -28.2%, net loss $8.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $32.7M in Q3 2026, down 27% year over year and down 5% from the previous quarter. Entertainment was the largest line at 60% of revenue. Hospitality lost $8.7M year over year (down 52%), 71% of the total change.
Operating costs exceeded revenue by $9.2M, an operating margin of -28.2%. Total costs fell 47% while revenue fell 27%. The quarter ended with a net loss of $8.0M, narrower than the previous quarter's $10.1M loss.
Operating cash flow was −$9.2M. Non-cash charges added back $4.3M of depreciation and amortization. Working capital and other items used $5.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $32.7M | -27% | -28.2% | −$8.0M | −$9.2M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $34.3M | -14% | -32.4% | −$10.1M | −$1.4M |
| Q1 2026 | 10-Q | May 6, 2026 | $12.7M | -21% | -333.8% | −$43.8M | −$10.3M |
| Q4 2025 | 10-K | Mar 4, 2026 | $29.5M | +30% | -120.5% | −$36.5M | −$23.1M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $45.0M | +14% | -75.2% | −$32.9M | −$5.3M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $39.8M | +18% | -40.2% | −$14.4M | −$754K |
| Q1 2025 | 10-Q | May 12, 2025 | $16.1M | +11% | -203.5% | −$31.5M | −$20.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Seaport Entertainment Group
Seaport Entertainment Group Inc. (“Seaport Entertainment,” the “Company,” “we,” “our” and “us”) is a Delaware corporation and was incorporated in 2024 in connection with, and anticipation of, Howard Hughes Holdings Inc.’s (“HHH”) spin-off of its entertainment-related assets in New York City and Las Vegas (the “Spin-Off”). The separation of Seaport Entertainment from HHH, which was effected through HHH’s pro rata distribution of 100% of the outstanding shares of common stock of Seaport Entertainment to holders of HHH common stock, was completed on July 31, 2024. Following the completion of the separation, Seaport Entertainment became an independent, publicly traded company. On August 1, 2024, the Company’s common stock began trading on the NYSE American LLC (the “NYSE American”) under the symbol “SEG”.
In its own words, from its 10-K, filed Mar 4, 2026.
Seaport Entertainment Group against its Services-Miscellaneous Amusement & Recreation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -27% against the peers' median +7%. Operating margin: -28.2% against the peers' median 4.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SEG Seaport Entertainment Group | Q3 2026 | $32.7M | -27% | -28.2% |
| DIS Walt Disney | Q3 FY26 | $25.2B | +7% | 22.0% |
| DKNG DraftKings | Q3 2026 | $1.3B | +16% | -37.1% |
| STUB StubHub Holdings | Q2 2026 | $573M | +33% | 3.4% |
| PRKS United Parks & Resorts | Q3 2026 | $506M | -1% | 27.8% |
| RSI Rush Street Interactive | Q3 2026 | $386M | +39% | 11.1% |
| MTN Vail Resorts | Q4 FY26 | $278M | +2% | -75.1% |
| PRSU Pursuit Attractions & Hospitality | Q3 2026 | $252M | +4% | 45.0% |
| MSGE Madison Square Garden Entertainment | Q1 FY27 | $217M | +37% | 4.5% |
Source: Seaport Entertainment Group 10-Q on SEC EDGAR · CIK 2009684 · Services-Miscellaneous Amusement & Recreation
Guidance and outlook
13F: who owns SEG and who is buying
More on SEG
- How Seaport Entertainment Group makes money: revenue by segment
- Seaport Entertainment Group next earnings date and what analysts expect
- Seaport Entertainment Group stock forecast, price target and fair value
- Who owns Seaport Entertainment Group stock: holders, funds and Congress trades
- Seaport Entertainment Group guidance and outlook
- Is Seaport Entertainment Group a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
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