---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-072757"
form_type: "8-K"
ticker: "FBYD"
cik: "0001937987"
company_name: "Falcon's Beyond Global, Inc."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:55:54.067138+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Falcon's Beyond Q1 net loss $8.1M (improved $122.1M); consolidated rev $1.7M; FCG revenue down 57.7%

## Summary
- Consolidated rev $1.7M; FCG rev $6.3M (-57.7% YoY); PDP rev $7.2M.
- Net loss $8.1M improved $122.1M YoY primarily due to $118.6M change in fair value of earnout liabilities.
- Adjusted EBITDA loss $8.1M vs $4.5M YoY; driven by $5.2M increase in share of losses from equity method investments.
- Warrant amendment: mandatory exchange Oct 6, 2028 for 0.25 shares per warrant at fixed ratio.
- Acquired OES assets on May 9, 2025; includes IP and lease of 106,000+ sq ft Orlando facility.

## SEC filing metadata
- accession: 0000950170-25-072757
- form_type: 8-K
- ticker: FBYD
- cik: 0001937987
- company_name: Falcon's Beyond Global, Inc.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1937987/000095017025072757/0000950170-25-072757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1937987/000095017025072757/fbyd-20250515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-072757
- JSON: https://secwatch.observer/filing/0000950170-25-072757.json
- Plain text: https://secwatch.observer/filing/0000950170-25-072757.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.