Falcon's Beyond Global, Inc. (FBYD) Earnings History

Falcon's Beyond Global, Inc. - Q3 FY2025 Earnings

Filed at: Nov 14, 2025, 7:45 AM EST|Read from source

EXECUTIVE SUMMARY

Falcon's Beyond reported a significant increase in consolidated revenue driven by maintenance fees and management services, alongside a substantial net loss primarily due to the absence of prior year non-cash fair value gains and increased share of losses from equity method investments. The company also strengthened its balance sheet through a preferred stock issuance and debt exchange.

POSITIVE HIGHLIGHTS

  • •

    Consolidated revenues increased to $4.1 million for Q3 2025, up from $2.1 million in Q3 2024.

    positive
  • •

    PDP generated $11.2 million in revenue from continuing operations, a $0.3 million increase over Q3 2024.

    positive
  • •

    Strengthened balance sheet through $28.7 million preferred stock issuance, including $20.7 million debt-to-equity exchange.

    positive
  • •

    Entered into a new $15.0 million revolving line of credit for working capital.

    positive

CONCERNS & RISKS

  • •

    Falcon's Creative Group (FCG) revenue decreased by 56.3% to $5.7 million in Q3 2025 compared to Q3 2024.

    negative
  • •

    FCG recorded an operating loss of $3.5 million and net loss of $3.8 million in Q3 2025, compared to operating income of $0.1 million in Q3 2024.

    negative
  • •

    Consolidated net loss of $10.4 million in Q3 2025, compared to a net income of $39.3 million in Q3 2024, primarily due to absence of non-cash fair value gains.

    negative
  • •

    Adjusted EBITDA loss increased to $(7.7) million in Q3 2025 from $(1.6) million in Q3 2024.

    negative
  • •

    Impairment of $3.0 million for the Karnival TP-AQ Holdings Limited joint venture equity method investment.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$4.05M
+96.0%
Prior year: $2.07M
Annual (YTD)
$8.31M
N/A
Prior year: $5.38M
Net Income
Quarterly
$-10.41M
-126.5%
Prior year: $39.30M
Annual (YTD)
$6.61M
N/A
Prior year: $161.35M
EPS (Diluted)
Quarterly
$-0.13
-133.3%
Prior year: $0.39
Annual (YTD)
$0.04
N/A
Prior year: $1.52
Operating Income
Quarterly
$-3.68M
-49.7%
Prior year: $-2.46M
Annual (YTD)
$-11.37M
N/A
Prior year: $-11.30M
EPS (Basic)
Quarterly
$-0.13
-126.5%
Prior year: $0.49
Annual (YTD)
$0.07
N/A
Prior year: $2.09

MARGIN ANALYSIS

Margin metrics will be available once backend extracts data from insights_json

SPECIAL ITEMS & ADJUSTMENTS

Q3 2025
Impairment of Karnival TP-AQ Holdings Limited joint venture equity method investment
Due to decision to terminate project and commence windup.
+$3M
Q3 2025
Gain on bargain purchase of OES Acquisition
+$1.1M
Total Impact
+$4.1M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Focused on strengthening balance sheet, divesting non-core assets, and reallocating capital resources toward highest-growth divisions.

— Falcon's Beyond Global, Inc., Q3 FY2025 2025 Earnings Call

Successful capital restructuring provided dedicated working capital to accelerate integration and expansion of Falcon's Attractions.

— Falcon's Beyond Global, Inc., Q3 FY2025 2025 Earnings Call

Anticipate FCG division to double its revenues over the next twelve months.

— Falcon's Beyond Global, Inc., Q3 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Fcg Pipeline
48.3M
dollars

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.