10 Best Rebound Stocks To Invest In Now

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8. Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)

Number of Hedge Fund Holders: 4 

Year-To-Date Decline in Share Price: 40.5%   

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) operates as an entertainment company in the United States, Saudi Arabia, Caribbean, Hong Kong, and internationally. The firm generated consolidated revenues of $2.1 million for the third quarter of 2024. It reported a consolidated net income of $39.3 million for the quarter, marking an increase of $35 million compared to the same period in 2023. This significant growth was primarily driven by a $40.6 million gain from the change in fair value of earnout liabilities, a $17.9 million decrease in losses from operations, and a $1.5 million increase in gains from equity method investments. Adjusted EBITDA improved by $4.6 million, resulting in a loss of $1.6 million for the quarter, compared to a loss of $6.2 million in the same period of the previous year.

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