Falcon's Beyond Global, Inc. reported consolidated revenue of $2.1 million for the third quarter of fiscal year 2024, which ended September 30, 2024. The company's unconsolidated subsidiary, Falcon's Creative Group (FCG), saw its Q3 revenue increase to $13.2 million, representing a year-over-year increase exceeding 190%.
The company achieved a net income of $39.301 million for the third quarter of 2024, a significant increase from $4.310 million in the prior-year period. Adjusted EBITDA for the quarter was a loss of $1.606 million.
Falcon's Beyond is engaged in ongoing project work for the Qiddiya Investment Company in Saudi Arabia, focusing on master planning and designing immersive entertainment projects for Qiddiya City. The company also stated it has taken steps to restructure and simplify its capital and debt stack.
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