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Falcon's Beyond (FBYD) - 2024 Q3 - Earnings Call Presentation
2025-06-27 13:13
Company Overview - Falcon's Beyond is a global entertainment powerhouse specializing in crafting world-class destinations and experiences by integrating design, technology, and brand development[14] - The company operates at the intersection of content, technology, and experiences, aiming to connect people with brands and each other through digital and physical experiences[33] - Falcon's Beyond has a diversified business model encompassing Falcon's Creative Group (FCG), Falcon's Beyond Brands (FBB), and Falcon's Beyond Destinations[45] Financial Highlights - Falcon's Creative Group (FCG) experienced significant year-over-year (YoY) revenue growth in Q1 2024, with an 87% increase, reaching $149 million[128] - FCG's revenue continued to climb in Q2 2024, showing a 202% YoY increase, totaling $157 million[133] - Producciones de Parques (PDP) revenue also increased YoY in Q1 2024 by $12 million, reaching $75 million[131], and in Q2 2024 by $09 million, reaching $113 million[133] - In Q3 2024, FCG revenue increased by 190% YoY, reaching $132 million, while PDP revenue increased by $20 million YoY, reaching $178 million[137] Strategic Partnerships and Projects - Qiddiya Investment Company made a $30 million investment in Falcon's Creative Group (FCG)[128] - Falcon's secured its largest master planning and design services agreement in FCG history with Qiddiya, valued at up to $831 million[131] - Falcon's is involved in the development of the first-ever Dragon Ball theme park in Qiddiya City, spanning over 500,000 square meters[202]