What were the reported gross and operating margins for the quarter, and are there any notable changes in cost structure or SG&A expenses?

The press release excerpt you provided does not contain the specific gross‑margin or operating‑margin percentages for the second‑quarter 2025 results, nor does it break out any changes in the cost structure or SG&A expense line items. Those figures are typically disclosed in the detailed earnings tables that accompany the full filing (e.g., the company’s 10‑Q or the complete “Second Quarter 2025 Financial Results” release). To assess the margin picture you’ll need to pull the full earnings release from Falcon’s Beyond’s investor‑relations site or the SEC’s EDGAR database.

Trading take‑away: Until the exact margin numbers are known, it’s prudent to treat the stock as “information‑pending.” If the forthcoming detailed results reveal that gross margins have expanded (e.g., through higher‑margin creative services or more efficient destination‑marketing spend) and SG&A is flat or modestly growing, the market could reward the stock with a short‑term upside rally on improved profitability outlook. Conversely, a contraction in gross margin—perhaps driven by higher production costs or increased licensing fees—combined with a noticeable uptick in SG&A (marketing, R&D, or corporate overhead) would likely pressure the share price and could signal a short‑term bearish bias. Keep an eye on the upcoming 10‑Q filing; a clear margin trend will be the primary catalyst for the next price move.