Falcon's Beyond Consolidated Revenue Reaches $7.3 Million

The Tip Desk · November 12, 2026 · 3 min read

The entertainment and technology company posted an 80% year-over-year revenue gain in the three months ended September 30, 2026, and a $7.7 million consolidated net loss.

Falcon’s Beyond Global, Inc. (FBYD), an entertainment and technology enterprise, reported consolidated revenue of $7.3 million for the three months ended September 30, 2026, an 80% increase over the year-earlier quarter. The prior-year period produced $4.1 million of consolidated revenue. Sequentially, revenue had been $5.6 million in the second quarter and $5.4 million in the first quarter.

Services accounted for $5.76 million of the third-quarter total and product sales $1.53 million, compared with $3.22 million and $0.84 million a year earlier. The company said revenue consisted of attraction services and product sales, creative services, management fees from Producciones de Parques, S.L., its 50:50 joint venture with Meliá Hotels International, and corporate and shared services fees from Falcon’s Creative Group.

Consolidated net loss was $7.7 million, or $0.09 a share, versus a $10.4 million loss, or $0.13 a share, a year earlier. The company attributed the $2.7 million improvement to careful oversight of operating expenses as the business continues to scale. Adjusted EBITDA, a non-GAAP measure, was a $7.4 million loss, a $0.3 million improvement from the year-earlier quarter. The loss widened from a $0.3 million net loss in the second quarter and from $6.1 million of net income in the first quarter.

Falcon’s Creative Group, an unconsolidated subsidiary, recorded revenue of $5.2 million, down $0.5 million from the same period of the prior year. FCG posted an operating loss of $4.0 million and a net loss of $4.2 million. After Qiddiya Investment Company’s preferred return and amortization of basis difference, Falcon’s share of net loss from FCG was $5.9 million. FCG revenue had been $12.5 million in the second quarter and $13.0 million in the first quarter. Its contracted pipeline stood at $13.0 million at the close of the third quarter, down from $17.1 million at the end of the second quarter and $29.2 million at the end of the first quarter.

Producciones de Parques recognized $11.8 million in revenue, up $0.6 million from the year-earlier quarter. Operating income was $3.7 million and net income $3.5 million; Falcon’s share of net gain from PDP was $1.7 million. PDP revenue had been $6.5 million in the second quarter.

Falcon’s Attractions and Falcon’s Beyond Creative ended the quarter with a combined contracted pipeline of $28.0 million, compared with a $28.4 million Falcon’s Attractions pipeline at the close of the second quarter. Chief Executive Officer Cecil D. Magpuri said the VAI project announced earlier in the year is now underway, bringing together Falcon’s Creative and Falcon’s Attractions across creative design, engineering and attraction delivery. In May the company entered two master agreements with VAI Amusement Park, LLC for dark-ride vehicle systems valued at approximately $9 million each.

Cash and cash equivalents were $1.94 million at September 30, 2026. Accounts receivable were $7.37 million and contract liabilities $8.73 million. Investments and advances to equity method investments were $36.68 million. The company’s cautionary note said current liquidity resources raise substantial doubt about its ability to continue as a going concern.