Falcon's Beyond Q2 consolidated net income $8M vs loss; FCG revenue up 202% to $15.7M

Falcon's Beyond Global, Inc.

2024-Q2 EPS reported $1.37 revenue$3,314,000

Consolidated revenue of $1.8M from corporate services; FCG deconsolidated and equity-accounted.
Falcon's Creative Group revenue $15.7M (+202%) with operating income of $2.3M vs loss of $1.1M.
PDP joint venture revenue $11.3M (+$0.9M), net income $1.3M; Falcon's share of income $0.7M.
Consolidated net income $8.0M vs net loss of ($8.8M) a year ago; gain from earnout liability fair value change.
Adjusted EBITDA improved to ($1.9M) from ($8.4M) on lower SG&A and higher equity method income.

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