Falcon S Beyond Global Inc's Business Segments

The registrant is a holding company whose primary assets include interests in Falcon's Opco and other equity method investments. It operates through three business lines: FBD, FCG, and FBB. The company sources and completes projects for new and existing customers. It is currently transitioning and repositioning its FBD business, involving rebranding projects that carry timing and budgeting risks. Growth initiatives in the FCG and FBB divisions may experience delays or may not succeed. The company faces risks related to liquidity, capital requirements, and potential impairments of intangible assets and investments. Operating internationally, including in the Kingdom of Saudi Arabia, it is exposed to geopolitical, social, and economic instabilities. Additional risks include foreign trade policies, indebtedness, cybersecurity threats, and the retention of qualified personnel. The company has entered into joint ventures and strategic collaborations, which involve associated risks. Revenue recognition timing is uncertain and may extend across multiple fiscal years. Its operations and financial results may be materially affected by factors such as loss of major clients, exchange rate fluctuations, insurance adequacy, and intellectual property theft.

Falcon's operates through three business divisions: Falcon's Creative Group (FCG), Falcon's Beyond Brands (FBB), and Falcon's Beyond Destinations (FBD). FCG 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. FBB manages a 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. FBD develops, owns, operates, and expands entertainment venues, hospitality experiences, and branded destination concepts across various location-based formats using proprietary and third-party intellectual property. FCG and Producciones de Parques, S.L. (PDP) are accounted for as equity method investments and constitute a significant portion of the company's operations. The divisions collaborate within a shared structure to optimize the value of creative assets, proprietary processes, systems, and intellectual property, enhancing execution consistency, capital efficiency, and cross-collaboration across entertainment markets and applications.