Company Reports Consolidated Revenue of $6.6 Million for Q4 and $14.9 Million for the full year

Company's Unconsolidated Subsidiary, Falcon's Creative Group, generated Q4 revenue of $14.4 Million and $38.7 Million for the full year

Company's Unconsolidated Joint Venture, Producciones de Parques ("PDP"), generated Q4 revenue of $2.1 Million and full year revenue of $31.4 Million

ORLANDO, Fla.--(BUSINESS WIRE)--March 30, 2026-- 

Falcon's Beyond Global, Inc. (Nasdaq: FBYD) ("Falcon's Beyond", "Falcon's" or the "Company"), a visionary entertainment and technology enterprise through its divisions Falcon's Creative Group ("FCG"), Falcon's Beyond Destinations ("FBD"), and Falcon's Beyond Brands ("FBB") today reported its financial results for the fourth quarter 2025 and fiscal year ended December 31, 2025.

Fourth Quarter 2025 Financial Results

Revenue:

   --  Falcon's Beyond reported fourth quarter revenue of $6.6 million from 
      attraction services and product sales generated from its Falcon's 
      Attractions business, and from shared services and management fees earned 
      from its FCG and PDP joint ventures. 

Equity Method Investments:

   --  FCG generated $14.4 million in revenue in the fourth quarter of 2025, 
      representing a $5.0 million, or 53.5% increase over the corresponding 
      period of 2024. FCG recorded operating income of $3.7 million and net 
      income of $3.9 million in the fourth quarter of 2025. After the Qiddiya 
      Investment Company's (QIC) preferred return and amortization of basis 
      difference, Falcon's Beyond's share of net income from FCG was $2.1 
      million. FCG had a contracted pipeline of $41.6 million as it closed out 
      2025. 
 
   --  PDP generated revenue of $2.1 million, loss from operations of $0.7 
      million and net loss of $0.2 million in the fourth quarter of 2025. The 
      PDP business is seasonal with the fourth and first quarters of the fiscal 
      year representing periods in which the Mallorca property closes for the 
      winter season. Falcon's Beyond's share of net loss from PDP was $0.1 
      million for the fourth quarter of 2025. 

Net Loss:

   --  Falcon's Beyond reported a consolidated net loss of $0.3 million in the 
      fourth quarter of 2025 compared with consolidated net loss of $11.9 
      million for the corresponding quarter of 2024. The reduction in loss was 
      primarily driven by operating profits contributed by newly formed 
      Falcon's Attractions segment in 2025 and an increase in profitability 
      from the FCG segment. 

Adjusted EBITDA:

   --  Falcon's Beyond generated Adjusted EBITDA(1) of $0.2 million compared 
      to $12.0 million Adjusted EBITDA loss for the corresponding 2024 period. 
      The increase in Adjusted EBITDA is primarily due to the improved 
      performance of the FCG segment, the addition of the Falcon's Attractions 
      segment in 2025, and a reduction in interest expense due to the capital 
      restructuring that occurred in the second half of 2025. 

Full Year 2025 Results

Revenue:

   --  Falcon's Beyond reported annual revenue of $14.9 million, a $8.2 
      million increase over the prior year reflecting revenues generated from 
      the newly formed Falcon's Attractions business. 

Equity Method Investments:

   --  FCG generated $38.7 million in revenue in 2025, representing a $14.5 
      million decrease over 2024, primarily driven by timing of projects. FCG 
      recorded an operating loss of $0.1 million and net loss of $0.8 million 
      in 2025. After the Qiddiya Investment Company's (QIC) preferred return 
      and amortization of basis difference, Falcon's Beyond's share of net loss 
      from FCG was $7.2 million. 
 
   --  PDP generated revenue of $31.4 million, income from operations of $7.5 
      million, a $60.0 million gain from sale of Tenerife, and net income of 
      $64.8 million in 2025. Falcon's Beyond's share of net income from PDP was 
      $27.1 million including a $5.3 million impairment in the carrying value 
      of PDP following the sale of Tenerife. 

Net Income:

   --  Falcon's Beyond reported consolidated net income of $6.3 million in 
      2025, primarily driven by the share of the gain on sale of PDP's Tenerife 
      property, partially offset by operating losses from the integration and 
      expansion of the Falcon's Attractions business, and non-recurring 
      impairment charges of our investments in Karnival and PDP as we seek to 
      liquidate these non-core assets and investments. 

Adjusted EBITDA:

   --  Falcon's Beyond's generated adjusted EBITDA(1) loss of $17.3 million in 
      2025 primarily driven by the Company's investment in the integration and 
      expansion of the Falcon's Attractions business and our share of net 
      losses from our FCG equity method investment. 
 
_____________________________________________________________________________________ 
(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

   --  Settlement agreement. In November 2025, the Company entered into a 
      settlement agreement and release with FAST Sponsor II, LLC ("FAST") over 
      actions related the settlement of two term loans. The Company paid an 
      upfront payment of $2.5 million and is required to pay a deferred 
      settlement payment of up to $7.0 million on or before January 31, 2027. 
      Upon payment of the deferred settlement payment, FAST will forfeit 
      360,000 Class A shares and 375,000 Class A unvested market price-based 
      earnout shares. 
 
   --  Stock price-based earnout target. In December 2025, the Company 
      achieved the first stock price-based earnout trigger set forth in Earnout 
      Escrow agreement dated October 6, 2023. As a result 15,000,000 of the 
      outstanding 40,000,000 of the outstanding earnout shares and units were 
      earned and released to the beneficial owners of the shares. 

"In 2025, we successfully expanded our physical attractions business, strengthened our balance sheet, divested of non-core assets, and redirected capital resources toward our highest-growth divisions," said Cecil D. Magpuri, Chief Executive Officer of Falcon's Beyond.

"As we move into 2026, our priority is disciplined scalable growth while preserving the creative and engineering excellence that defines our brands. We are actively evaluating complementary investment opportunities that enhance our capabilities and broaden our presence in immersive, media rich destinations and attractions."

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 ("IP"), 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, IP development, 
      and creative guardianship for entertainment and hospitality 
      destinations. 
 
   --  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 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, Fla. 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

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March 30, 2026 16:45 ET (20:45 GMT)