Seaport Entertainment Group Inc. reported its first quarter 2025 financial results, showcasing a notable improvement compared to the same period in the previous year. The company's total revenues increased by $1.558 million, or 10.7%, reaching $16.069 million for the quarter ended March 31, 2025, up from $14.511 million in the first quarter of 2024. The net loss recorded was $31.538 million, a reduction from the $44.078 million net loss reported in the same period the previous year, signifying an improvement of $12.540 million, or 28.4%. The non-GAAP adjusted net loss attributable to common stockholders also improved, decreasing by $11.886 million to $22.758 million from $34.644 million, which marks a 34.3% enhancement. Significant operational updates include the successful internalization of food and beverage operations through the hiring and onboarding of employees from Creative Culinary Management Company LLC, a subsidiary of Jean-Georges Restaurants. This strategic move aims to enhance the company's operations at its wholly owned and joint venture-owned restaurants at the Seaport. Additionally, the company celebrated the grand opening of GITANO NYC and commenced the 2025 concert season on The Rooftop at Pier 17 with back-to-back sellouts, further positioning itself for a profitable spring and summer season.