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Sep 30, 2024

Falcons Beyond Q3 2024 Earnings Report

Reported consolidated revenue of $2.1 million and showed substantial revenue growth in Falcon’s Creative Group.

Key Takeaways

Falcon's Beyond reported Q3 2024 financial results, highlighting a consolidated revenue of $2.1 million. Falcon’s Creative Group experienced substantial revenue growth, and the company has taken steps to restructure its capital and debt.

Consolidated revenue reached $2.1 million.

Falcon’s Creative Group's Q3 revenue increased significantly.

Company overhead costs saw a significant reduction.

Restructuring and simplification of capital and debt were undertaken to facilitate business segment expansion.

Total Revenue
$2.07M
Previous year: $1.58M
+30.9%
EPS
$0.46
Previous year: $0.607
-24.2%
Gross Profit
$2.07M
Previous year: $859K
+140.9%
Cash and Equivalents
$828K
Free Cash Flow
-$2.38M
Total Assets
$66.6M

Falcons Beyond

Falcons Beyond

Forward Guidance

Falcon's Beyond is positioned for ongoing positive growth and is confident in its ability to deliver long-term value to its stakeholders.

Positive Outlook

  • Strategic initiatives are strong.
  • Teams are dedicated.
  • Positioned for continued success as we move into 2025 and beyond.
  • Ongoing project work for the Qiddiya Investment Company in Saudi Arabia.
  • Commitment to delivering services that create innovation and groundbreaking entertainment.