Falcon’s Beyond (NASDAQ: FBYD) posts Q2 2026 loss with $5.6M revenue surge

Q: How much revenue did Falcon’s Beyond (FBYD) report for Q2 2026?

Falcon’s Beyond reported $5.6 million in consolidated revenue for Q2 2026, more than double the $2.5 million recorded in Q2 2025, driven by attraction services, product sales, and fees from joint ventures and affiliates.

Q: What was Falcon’s Beyond (FBYD) net income or loss in Q2 2026?

Falcon’s Beyond reported a net loss of $0.3 million for Q2 2026, compared with net income of $25.1 million in Q2 2025, when results benefited from large equity-method gains and other non‑recurring items.

Q: What Adjusted EBITDA did Falcon’s Beyond (FBYD) report for Q2 2026?

Falcon’s Beyond reported an Adjusted EBITDA loss of $5.2 million in Q2 2026 versus a loss of $1.7 million in Q2 2025. This non‑GAAP figure excludes transaction credits and certain equity-method and other non‑core items.

Q: What is Falcon’s Beyond (FBYD) liquidity and debt position as of June 30, 2026?

As of June 30, 2026, Falcon’s Beyond held $3.1 million in cash and cash equivalents and total liabilities of $33.7 million , including $16.5 million of short‑ and long‑term debt, indicating a leveraged and liquidity-constrained balance sheet.

Q: What contracted pipeline does Falcon’s Beyond (FBYD) report in its Q2 2026 results?

Falcon’s Attractions reported a contracted pipeline of $28.4 million , and Falcon’s Creative Group reported a pipeline of $17.1 million as of Q2 2026, representing committed future work expected to convert into revenue over time.

Q: Did Falcon’s Beyond (FBYD) raise any going concern issues in its Q2 2026 disclosure?

Yes. The company states that its current liquidity resources raise substantial doubt about its ability to continue as a going concern , highlighting the importance of additional capital and improved cash generation.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Falcon’s Beyond Global, Inc. reported second quarter 2026 results with consolidated revenue of $5.6 million for the three months ended June 30, 2026, more than double the prior-year quarter’s $2.5 million. Revenue came from attraction services and product sales, management fees from its 50:50 joint venture Producciones de Parques, S.L., and corporate and shared services fees from Falcon’s Creative Group.

The company recorded a small consolidated net loss of $0.3 million, compared with net income of $25.1 million a year earlier, when results were significantly affected by equity-method gains and other non‑recurring items. Falcon’s reported an Adjusted EBITDA loss of $5.2 million, excluding a $4.0 million transaction credit reversal and a gain on partial liquidation of the Karnival joint venture. Cash and cash equivalents were $3.1 million as of June 30, 2026, and total liabilities were $33.7 million.

Equity-method investees remained important: Falcon’s Creative Group generated $12.5 million in revenue and a contracted pipeline of $17.1 million, while Producciones de Parques recognized $6.5 million in revenue. Falcon’s Attractions ended the quarter with a contracted pipeline of $28.4 million.

Positive

Revenue more than doubled year over year in Q2 2026 to $5.6 million, reflecting strong growth in services and product sales.
Operating performance improved, with loss from operations narrowing to $0.3 million from $1.4 million in the prior-year quarter.
Falcon’s Attractions and Falcon’s Creative Group reported contracted pipelines of $28.4 million and $17.1 million, respectively, supporting future revenue visibility.

Negative

Management notes that current liquidity resources raise substantial doubt about the company’s ability to continue as a going concern.
Adjusted EBITDA loss widened to $5.2 million in Q2 2026 from $1.7 million a year earlier, indicating higher underlying operating losses.
Cash and cash equivalents were $3.1 million against total liabilities of $33.7 million, highlighting a tight liquidity position relative to obligations.

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8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Revenue: $5,618 thousand Q2 2025 Revenue: $2,549 thousand Q2 2026 Net Income (Loss): $(318) thousand +5 more

8 metrics

Q2 2026 Revenue $5,618 thousand Consolidated revenue for the three months ended June 30, 2026

Q2 2025 Revenue $2,549 thousand Consolidated revenue for the three months ended June 30, 2025

Q2 2026 Net Income (Loss) $(318) thousand Net loss for the three months ended June 30, 2026

Q2 2026 Adjusted EBITDA $(5,178) thousand Adjusted EBITDA loss for the three months ended June 30, 2026

Cash and Cash Equivalents $3,092 thousand Balance as of June 30, 2026

Total Liabilities $33,741 thousand Total liabilities as of June 30, 2026

Falcon’s Attractions Pipeline $28,400 thousand Contracted pipeline at end of Q2 2026

FCG Revenue Q2 2026 $12,500 thousand Revenue of Falcon’s Creative Group for the three months ended June 30, 2026

Key Terms

Adjusted EBITDA, equity method investments, contract assets, transaction credit, +2 more

6 terms

Adjusted EBITDA financial

"Falcon's Beyond generated Adjusted EBITDA(1) loss of $5.2 million in the three month period"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

equity method investments financial

"Investments and advances to equity method investments | | | 42,654"

An equity method investment is an accounting approach used when a company owns a significant share of another company and can influence its decisions but does not fully control it; instead of listing the investment at cost, the investor records its share of the other company's profits or losses on its own income statement and adjusts the investment value on the balance sheet. For investors, this matters because it links the investor’s reported earnings and asset values directly to the financial performance of that partly-owned business, similar to how a partner’s gains affect a small business owner’s books.

contract assets financial

"Contract assets | | | 1,111 | | | | 3,264"

Contract assets are amounts a company has earned by doing work or delivering goods under a customer agreement but has not yet billed or collected because certain contract conditions remain. Think of it as completed work sitting in a company’s toolbox waiting for an invoice trigger. For investors, growing contract assets signal future cash and revenue potential but also raise questions about timing, cash collection risk and the real strength of reported sales.

transaction credit financial

"Transaction credit | | | (4,000 | ) | | | (3,299 | )"

noncontrolling interest financial

"Noncontrolling interest | | | 14,847 | | | | 11,895"

The portion of a business owned by investors other than the controlling owner when one company has control of another; it represents outside shareholders’ share of the subsidiary’s assets and profits. For investors, it matters because those outside claims reduce the amount of profit and net assets attributable to the parent owner — similar to saying part of a pizza belongs to someone else — and thus affects earnings, book value and valuation.

going concern financial

"our current liquidity resources raise substantial doubt about our ability to continue as a going concern"

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

Earnings Snapshot

Revenue (Q2 2026 vs Q2 2025): $5,618 thousand vs $2,549 thousand

Quarter and six months ended June 30, 2026

Revenue (Q2 2026 vs Q2 2025) $5,618 thousand vs $2,549 thousand increase over 10%

Net income (loss) Q2 2026 vs Q2 2025 $(318) thousand vs $25,112 thousand decline over 10%

Adjusted EBITDA Q2 2026 vs Q2 2025 $(5,178) thousand vs $(1,731) thousand decline over 10%

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Available on EDGAR 08/13/2026 - 07:30 AM Accepted by SEC EDGAR 08/13/2026 - 07:30 AM

FAQ

How much revenue did Falcon’s Beyond (FBYD) report for Q2 2026?

Falcon’s Beyond reported $5.6 million in consolidated revenue for Q2 2026, more than double the $2.5 million recorded in Q2 2025, driven by attraction services, product sales, and fees from joint ventures and affiliates.

What was Falcon’s Beyond (FBYD) net income or loss in Q2 2026?

Falcon’s Beyond reported a net loss of $0.3 million for Q2 2026, compared with net income of $25.1 million in Q2 2025, when results benefited from large equity-method gains and other non‑recurring items.

What Adjusted EBITDA did Falcon’s Beyond (FBYD) report for Q2 2026?

Falcon’s Beyond reported an Adjusted EBITDA loss of $5.2 million in Q2 2026 versus a loss of $1.7 million in Q2 2025. This non‑GAAP figure excludes transaction credits and certain equity-method and other non‑core items.

What is Falcon’s Beyond (FBYD) liquidity and debt position as of June 30, 2026?

As of June 30, 2026, Falcon’s Beyond held $3.1 million in cash and cash equivalents and total liabilities of $33.7 million, including $16.5 million of short‑ and long‑term debt, indicating a leveraged and liquidity-constrained balance sheet.

What contracted pipeline does Falcon’s Beyond (FBYD) report in its Q2 2026 results?

Falcon’s Attractions reported a contracted pipeline of $28.4 million, and Falcon’s Creative Group reported a pipeline of $17.1 million as of Q2 2026, representing committed future work expected to convert into revenue over time.

Did Falcon’s Beyond (FBYD) raise any going concern issues in its Q2 2026 disclosure?

Yes. The company states that its current liquidity resources raise substantial doubt about its ability to continue as a going concern, highlighting the importance of additional capital and improved cash generation.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 13, 2026

FALCON’S BEYOND GLOBAL, INC.

(Exact name of registrant as specified in its charter)

     Delaware

     001-41833

     92-0261853

     (State or other jurisdiction 
of incorporation)

     (Commission File Number)

     (IRS Employer 
Identification No.)

1768 Park Center Drive

Orlando, FL 32835

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (407) 909-9350

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value $0.0001 per share	FBYD	The Nasdaq Stock Market LLC
Warrants exchangeable for 0.25 shares of Class A common stock, on October 6, 2028	FBYDW	The Nasdaq Stock Market LLC
Series B Preferred Stock, par value $0.0001 per share	FBYDP	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On August 13, 2026, Falcon’s Beyond Global, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 30, 2026. The full text of the Company’s press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K (this “Current Report”) and is incorporated herein by reference.

The information furnished in this Current Report (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits


Exhibit Number		Description
99.1		Press Release dated August 13, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: August 13, 2026	FALCON’S BEYOND GLOBAL, INC.

	By:	/s/ Bruce A. Brown
	Name:	Bruce A. Brown
	Title:	Chief Legal Officer and Corporate Secretary

Exhibit 99.1

Falcon’s Beyond Reports Second Quarter 2026

Financial Results

Company Reports Consolidated Revenue of $5.6 Million for Q2

Company's Unconsolidated Subsidiary, Falcon's Creative Group, generated Q2 revenue of $12.5 Million

Company's Unconsolidated Joint Venture, Producciones de Parques, generated Q2 revenue of $6.5 Million

Orlando, FL (August 13, 2026) — Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) (“Falcon’s Beyond”, “Falcon’s” or the “Company”), a visionary entertainment and technology enterprise through its three complementary business divisions Falcon’s Creative Group (“FCG”), Falcon’s Beyond Brands (“FBB”), and Falcon’s Beyond Destinations (“FBD”) reported financial results for the second quarter 2026.

Second Quarter 2026 Highlights

Revenue

Falcon's generated consolidated revenue of $5.6 million for the three months ended June 30, 2026, more than doubled compared to the prior period. Revenue for the quarter consisted of attraction services and product sales, management fees earned from Producciones de Parques, S.L. (“PDP”), the Company's 50:50 joint venture with Meliá Hotels International, and corporate and shared services fees earned from Falcon's Creative Group. Falcon's Attractions, established in mid-2025 with the acquisition of the assets of Oceaneering Entertainment Systems (“OES”), ended the quarter with a contracted pipeline of $28.4 million.

Equity Method Investments

Falcon's Creative Group

•

FCG recorded revenue of $12.5 million for the three month period ended June 30, 2026, representing a $0.2 million increase over the same period of the prior year. FCG recorded operating income of $0.7 million and net income was $0.4 million. After the Qiddiya Investment Company's (“QIC”) preferred return and amortization of basis difference, Falcon’s share of net loss from FCG was $1.2 million. FCG had a contracted pipeline of $17.1 million as it closed out Q2 2026.

Producciones de Parques (“PDP”)

•

PDP recognized $6.5 million in revenues for the three month period ended June 30, 2026, consistent with the same period of the prior year. Operating income and net income were $0.4 million. Falcon's share of net gain from PDP was $0.2 million.

Net Loss

Falcon's recorded a consolidated net loss of $0.3 million for the three month period ended June 30, 2026.

Adjusted EBITDA

Falcon's Beyond generated Adjusted EBITDA(1) loss of $5.2 million in the three month period ended June 30, 2026. Adjusted EBITDA for the quarter excludes the $4.0 million reversal of accrued transaction expenses that are no longer probable to be payable and the gain recognized on the partial liquidation of the Karnival joint venture.

___________

(1) Adjusted EBITDA is a non-GAAP financial measure. See “Use and Definition of Non-GAAP Financial Measure” below for more information and a reconciliation to the most directly comparable GAAP measure.

Other Business Highlights

“We are excited by the continued momentum in our Falcon's Attractions business which added its first major design and build contract to its pipeline in the second quarter. This is incremental to the robust spares and service business we have been building since the OES acquisition in mid-2025. We are very encouraged by the trajectory and confident in our ability to build on this success.” said Cecil D. Magpuri, Chief Executive Officer of Falcon’s Beyond.

About Falcon’s Beyond

Falcon’s Beyond is a visionary entertainment and technology enterprise at the forefront of the global experience economy. We design, develop, engineer, deliver, and commercialize immersive physical and digital experiences for leading brands, developers, and destination operators worldwide, as well as for our own portfolio of entertainment and technology concepts. Our business is built on an integrated experience platform that brings together creative development, proprietary technologies, advanced engineering, intellectual property, and operational execution to enable the repeatable creation, deployment, and scaling of entertainment experiences across multiple formats and locations globally. We operate through three complementary business divisions:

•

Falcon's Creative Group, provides creative and advisory services including destination strategy, master planning, experiential and attraction design, digital media, interactive software, intellectual property development, and creative guardianship for entertainment and hospitality destinations.

•

Falcon’s Beyond Brands, consisting of Falcon's Attractions and Falcon's Beyond Brands, encompasses a broad portfolio of intellectual property, proprietary technologies, and operating businesses that design, engineer, commercialize, and deploy entertainment systems, products, content, and experiences across physical and digital environments.

•

Falcon’s Beyond Destinations, consisting of Producciones de Parques, S.L., a joint venture between Falcon’s and Meliá Hotels International, S.A., and Destinations Operations, develops, owns, operates, and expands entertainment venues, hospitality experiences, and branded destination concepts across a variety of location‑based formats, utilizing proprietary and third‑party intellectual property.

FALCON’S BEYOND and its related trademarks are owned by Falcon’s Beyond.

Falcon’s is headquartered in Orlando, FL. Learn more at falconsbeyond.com.

Falcon’s Beyond may use its website as a distribution channel of material Company information. Financial and other important information regarding the Company is routinely accessed through and posted on our website at https://investors.falconsbeyond.com.

In addition, you may automatically receive email alerts and other information about Falcon’s when you enroll your email address by visiting the Email Alerts section at https://investors.falconsbeyond.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, words such as “will,” “would”, “aim,” “delivers,” “exceptional,” “expand” and similar expressions identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those expressed in or implied by the forward-looking statements, including (1) our ability to sustain our growth, effectively manage our anticipated future growth, and implement our business strategies to achieve the results we anticipate, (2) our current liquidity resources raise substantial doubt about our ability to continue as a going concern, (3) impairments of our intangible assets and equity method investment in our joint ventures, (4) our ability to raise additional capital, (5) the closure of Katmandu Park DR, sale of our interests in the Sol Tenerife Hotel, winding up of our Karnival joint venture, and the repositioning and rebranding of our FBD business, (6) the success of our growth plans in FCG and FBB, (7) risks associated with acquisitions, dispositions, business combinations, and joint ventures, (8) any failure to realize the anticipated benefits of acquired or proposed to be acquired businesses, including OES, (9) our customer concentration in FCG, (10) the timing of recognition of revenue from our contracted pipeline is difficult to predict with certainty and in some cases may extend over a number of fiscal years, (11) the risk that contractual restrictions relating to the Strategic Investment may affect our ability to access the public markets and expand our business, (12) the risks of doing business internationally, including in the Kingdom of Saudi Arabia, (13) our indebtedness, (14) our dependence on strategic relationships with local partners in order to offer and market our products and services in certain jurisdictions, (15) our reliance on our senior management and key employees, and our ability to hire, train, retain, and motivate qualified personnel, (16) cybersecurity-related risks, (17) our ability to protect our intellectual property, (18) our ability to remediate identified material weaknesses in our internal controls over financial reporting, (19) the concentration of share ownership and the significant influence of the Demerau Family and Cecil D. Magpuri, (20) the outcome of pending, threatened and future legal proceedings, (21) our continued compliance with Nasdaq continued listing standards, (22) risks related to our Up-C entity structure and the fact that we may be required to make substantial payments to certain unitholders under our Tax Receivable Agreement, and (23) the risks disclosed under the caption “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, and the Company’s other filings with the Securities and Exchange Commission. The forward-looking statements herein speak only as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

Use and Definition of Non-GAAP Financial Measure

We prepare our consolidated financial statements in accordance with U.S. GAAP. In addition to financial measures prepared in accordance with U.S. GAAP, we present Adjusted EBITDA, a non-GAAP financial measure. We define Adjusted EBITDA as net income (loss) before interest expense, interest income, income taxes, depreciation and amortization, transaction-related credits, changes in the fair value of warrant liabilities, impairment charges, and certain gains or losses associated with equity method investments that are not considered indicative of our core operating performance.

Management believes Adjusted EBITDA provides useful supplemental information regarding the operating performance of our business by excluding the effects of financing decisions, capital structure, depreciation and amortization, and other items that may not be representative of ongoing operations. Adjusted EBITDA should not be considered in isolation or as a substitute for net income (loss), operating income (loss), cash flows from operating activities, or other measures prepared in accordance with U.S. GAAP. A reconciliation of net income (loss), the most directly comparable U.S. GAAP measure, to Adjusted EBITDA is included below.

Media Relations: Toni Caracciolo, Falcon’s Beyond: tcaracciolo@falconsbeyond.com

Investor Relations: ir@falconsbeyond.com

FALCON'S BEYOND GLOBAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands of U.S. dollars, except share and per share data)


	As of
	(UNAUDITED) June 30, 2026		December 31, 2025
Assets
Cash and cash equivalents	$	3,092	$	1,868
Accounts receivable		5,585		3,714
Contract assets		1,111		3,264
Other current assets		6,313		1,525
Total current assets		16,101		10,371
Investments and advances to equity method investments		42,654		50,717
Operating lease right-of-use assets		2,854		3,188
Property and equipment, net		885		1,022
Intangible assets, net		949		1,063
Other non-current assets		204		341
Total assets	$	63,647	$	66,702
Liabilities and stockholders’ equity
Accounts payable	$	3,073	$	8,453
Accrued expenses and other current liabilities		6,222		16,429
Contract liabilities		5,832		19
Operating lease liability, current		503		460
Short-term debt		636		1,386
Long-term debt, current		8,274		1,769
Total current liabilities		24,540		28,516
Operating lease liability, net of current portion		1,638		1,900
Long-term debt, net of current portion		7,563		12,465
Total liabilities		33,741		42,881
Stockholders’ equity
Equity attributable to common stockholders		15,059		11,926
Noncontrolling interest		14,847		11,895
Total equity		29,906		23,821
Total liabilities and equity	$	63,647	$	66,702

FALCON’S BEYOND GLOBAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)