diff --git a/DESCRIPTION b/DESCRIPTION
index 1b7413974..581dc9f23 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,7 +1,7 @@
 Type: Package
 Package: performance
 Title: Assessment of Regression Models Performance
-Version: 0.12.0.5
+Version: 0.12.0.6
 Authors@R: 
     c(person(given = "Daniel",
              family = "Lüdecke",
diff --git a/NAMESPACE b/NAMESPACE
index c46c53cc6..1635d5793 100644
--- a/NAMESPACE
+++ b/NAMESPACE
@@ -453,6 +453,8 @@ S3method(r2_coxsnell,survreg)
 S3method(r2_coxsnell,svycoxph)
 S3method(r2_coxsnell,truncreg)
 S3method(r2_efron,default)
+S3method(r2_ferrari,default)
+S3method(r2_ferrari,glmmTMB)
 S3method(r2_kullback,default)
 S3method(r2_kullback,glm)
 S3method(r2_loo_posterior,BFBayesFactor)
@@ -599,6 +601,7 @@ export(r2)
 export(r2_bayes)
 export(r2_coxsnell)
 export(r2_efron)
+export(r2_ferrari)
 export(r2_kullback)
 export(r2_loo)
 export(r2_loo_posterior)
diff --git a/NEWS.md b/NEWS.md
index 775d2d7be..14f4c4e3c 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -18,6 +18,9 @@
   bootstrapped confidence intervals. The function gains following new arguments:
   `ci`, `ci_method` and `iterations`.
 
+* New function `r2_ferrari()` to compute Ferrari & Cribari-Neto's R2 for 
+  generalized linear models, in particular beta-regression.
+
 # performance 0.12.0
 
 ## Breaking
diff --git a/R/r2.R b/R/r2.R
index 94982b401..6f9d6b505 100644
--- a/R/r2.R
+++ b/R/r2.R
@@ -527,6 +527,9 @@ r2.glmmTMB <- function(model, ci = NULL, tolerance = 1e-5, verbose = TRUE, ...)
     } else if (info$is_zero_inflated) {
       # zero-inflated models use the default method
       out <- r2_zeroinflated(model)
+    } else if (info$is_beta) {
+      # beta-regression
+      out <- r2_ferrari(model)
     } else {
       insight::format_error("`r2()` does not support models of class `glmmTMB` without random effects and this link-function.") # nolint
     }
diff --git a/R/r2_ferarri.R b/R/r2_ferarri.R
new file mode 100644
index 000000000..cf6097591
--- /dev/null
+++ b/R/r2_ferarri.R
@@ -0,0 +1,64 @@
+#' @title Ferrari's and Cribari-Neto's R2
+#' @name r2_ferrari
+#'
+#' @description Calculates Ferrari's and Cribari-Neto's pseudo R2 (for
+#' beta-regression models).
+#'
+#' @param model Generalized linear, in particular beta-regression model.
+#' @param ... Currently not used.
+#'
+#' @return A list with the pseudo R2 value.
+#'
+#' @references
+#' - Ferrari, S., and Cribari-Neto, F. (2004). Beta Regression for Modelling Rates
+#'   and Proportions. Journal of Applied Statistics, 31(7), 799–815.
+#'   \doi{10.1080/0266476042000214501}
+#'
+#' @examplesIf require("betareg")
+#' data("GasolineYield", package = "betareg")
+#' model <- betareg::betareg(yield ~ batch + temp, data = GasolineYield)
+#' r2_ferrari(model)
+#' @export
+r2_ferrari <- function(model, ...) {
+  UseMethod("r2_ferrari")
+}
+
+#' @export
+r2_ferrari.default <- function(model, ...) {
+  # coefficients, but remove phi parameter
+  x <- stats::coef(model)
+  x <- x[names(x) != "(phi)"]
+  .r2_ferrari(model, x)
+}
+
+#' @export
+r2_ferrari.glmmTMB <- function(model, ...) {
+  insight::check_if_installed("lme4")
+  # coefficients, but remove phi parameter
+  x <- .collapse_cond(lme4::fixef(model))
+  x <- x[names(x) != "(phi)"]
+  .r2_ferrari(model, x)
+}
+
+
+# helper -----------------------------
+
+.r2_ferrari <- function(model, x) {
+  # model matrix, check dimensions / length
+  mm <- insight::get_modelmatrix(model)
+
+  if (length(x) != ncol(mm)) {
+    insight::format_warning("Model matrix and coefficients do not match.")
+    return(NULL)
+  }
+
+  # linear predictor for the mean
+  eta <- as.vector(x %*% t(mm))
+  y <- insight::get_response(model)
+
+  ferrari <- stats::cor(eta, insight::link_function(model)(y))^2
+  out <- list(R2 = c(`Ferrari's R2` = ferrari))
+
+  attr(out, "model_type") <- "Generalized Linear"
+  structure(class = "r2_generic", out)
+}
diff --git a/R/r2_mcfadden.R b/R/r2_mcfadden.R
index b04977517..de61fac87 100644
--- a/R/r2_mcfadden.R
+++ b/R/r2_mcfadden.R
@@ -63,15 +63,16 @@ r2_mcfadden.glm <- function(model, verbose = TRUE, ...) {
   if (is.null(info)) {
     info <- suppressWarnings(insight::model_info(model, verbose = FALSE))
   }
+
   if (info$is_binomial && !info$is_bernoulli && class(model)[1] == "glm") {
     if (verbose) {
       insight::format_warning("Can't calculate accurate R2 for binomial models that are not Bernoulli models.")
     }
     return(NULL)
-  } else {
-    l_null <- insight::get_loglikelihood(stats::update(model, ~1))
-    .r2_mcfadden(model, l_null)
   }
+
+  l_null <- insight::get_loglikelihood(stats::update(model, ~1))
+  .r2_mcfadden(model, l_null)
 }
 
 #' @export
diff --git a/inst/WORDLIST b/inst/WORDLIST
index f0e335ab1..e5e90d844 100644
--- a/inst/WORDLIST
+++ b/inst/WORDLIST
@@ -39,6 +39,7 @@ Chisq
 CochransQ
 CompQuadForm
 Concurvity
+Cribari
 Cronbach's
 Crujeiras
 Csaki
@@ -154,6 +155,8 @@ Nagelkerke
 Nagelkerke's
 Nakagawa
 Nakagawa's
+Neto
+Neto's
 Nondegenerate
 Nordhausen
 Normed
diff --git a/man/r2_ferrari.Rd b/man/r2_ferrari.Rd
new file mode 100644
index 000000000..43dcda19a
--- /dev/null
+++ b/man/r2_ferrari.Rd
@@ -0,0 +1,34 @@
+% Generated by roxygen2: do not edit by hand
+% Please edit documentation in R/r2_ferarri.R
+\name{r2_ferrari}
+\alias{r2_ferrari}
+\title{Ferrari's and Cribari-Neto's R2}
+\usage{
+r2_ferrari(model, ...)
+}
+\arguments{
+\item{model}{Generalized linear, in particular beta-regression model.}
+
+\item{...}{Currently not used.}
+}
+\value{
+A list with the pseudo R2 value.
+}
+\description{
+Calculates Ferrari's and Cribari-Neto's pseudo R2 (for
+beta-regression models).
+}
+\examples{
+\dontshow{if (require("betareg")) (if (getRversion() >= "3.4") withAutoprint else force)(\{ # examplesIf}
+data("GasolineYield", package = "betareg")
+model <- betareg::betareg(yield ~ batch + temp, data = GasolineYield)
+r2_ferrari(model)
+\dontshow{\}) # examplesIf}
+}
+\references{
+\itemize{
+\item Ferrari, S., and Cribari-Neto, F. (2004). Beta Regression for Modelling Rates
+and Proportions. Journal of Applied Statistics, 31(7), 799–815.
+\doi{10.1080/0266476042000214501}
+}
+}
diff --git a/tests/testthat/test-r2_ferrari.R b/tests/testthat/test-r2_ferrari.R
new file mode 100644
index 000000000..6e666d60a
--- /dev/null
+++ b/tests/testthat/test-r2_ferrari.R
@@ -0,0 +1,21 @@
+test_that("r2_ferarri", {
+  skip_if_not_installed("betareg")
+  data("GasolineYield", package = "betareg")
+  model <- betareg::betareg(yield ~ batch + temp, data = GasolineYield)
+  out <- r2_ferrari(model)
+  expect_equal(out$R2, summary(model)$pseudo.r.squared, tolerance = 1e-3, ignore_attr = TRUE)
+})
+
+
+test_that("r2_ferarri", {
+  skip_if_not_installed("betareg")
+  skip_if_not_installed("glmmTMB")
+  data("GasolineYield", package = "betareg")
+  model <- glmmTMB::glmmTMB(
+    yield ~ batch + temp,
+    data = GasolineYield,
+    family = glmmTMB::beta_family()
+  )
+  out <- r2_ferrari(model)
+  expect_equal(out$R2, c(`Ferrari's R2` = 0.96173), tolerance = 1e-3, ignore_attr = TRUE)
+})