earnings
confidence high
sentiment neutral
materiality 0.60
Falcon's Beyond Q3: FCG revenue up 190% YoY, net income $39.3M, stock dividend
Falcon's Beyond Global, Inc.
2024-Q3 EPS reported
$1.83
revenue$5,383,000
- Consolidated revenue $2.1M; FCG (unconsolidated) revenue $13.2M, +190% YoY.
- PDP JV revenue $17.8M (+$2M); share of income $1.6M.
- Consolidated net income $39.3M, driven by $40.6M non-cash gain on earnout liabilities.
- Adjusted EBITDA improved to ($1.6M) from ($6.2M) in prior-year quarter.
- Amended credit facility to $15M; replaced $14.8M term debt at 8%; forfeited earnout shares; 0.2/sh stock dividend.