Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) has been making significant strides in the entertainment industry. On November 21, 2024, at 11 a.m. PT/ 2 p.m. ET, a conference call and webcast will take place to provide detailed insights into its Q1 fiscal 2025 results.

Unveiling Thunderbird's Q1 Fiscal 2025 Success and Outlook

Corporate Performance in Q1 Fiscal 2025

In this fiscal quarter, Thunderbird had an impressive array of activities. With 25 programs in various production stages and working with 17 clients, it showcases its diverse portfolio. Among these, 7 were Thunderbird IP and 18 were service productions. Thunderbird Kids & Family, under Atomic Cartoons, was busy on 18 programs for 11 clients, including popular shows like Super Team Canada and The Day You Begin. Thunderbird Unscripted, under Great Pacific Media, was in production on six unscripted series in Q1, such as Deadman’s Curse and Timber Titans.Furthermore, GPM was also involved in a scripted project titled Sidelined: The QB and Me, which is based on a Wattpad novel and has international distribution deals. During the quarter, the company had 12 scripted projects in active development, with 3 in paid network development.

Distribution Achievements

Thunderbird Distribution has been on a roll. Banijay Rights acquired segment rights to Highway Thru Hell, expanding its global reach. BooSnoo! series was distributed in multiple territories, including DR Denmark, EBS South Korea, and more. Mittens & Pants series also saw its reach expand beyond 34 territories, with deals in places like beIN and Alibaba’s Youku.

Financial Results and Outlook

For the three months ended September 30, 2024, Thunderbird saw a remarkable increase in revenue from $33,600,000 to $45,669,000. Expenses also rose from $34,327,000 to $44,088,000, but the net income for the period was $1,581,000 compared to a loss of $727,000 in the previous year. AEBITDA increased from $2,488,000 to $4,078,000, and the AEBITDA margin improved from 7.4% to 8.9%. Free Cash Flow also showed a significant boost from -$2,433,000 to $9,667,000.The company maintains its forecast of a return to top-line growth in fiscal 2025, targeting 20% revenue growth and over 10% AEBITDA1 growth. This is supported by a strong content pipeline, strategic investments, and signs of a stabilizing market environment. Thunderbird’s balance sheet remains robust, with no corporate debt, providing the financial flexibility needed to pursue growth opportunities.

Corporate Initiatives and Negotiations

Jennifer Twiner McCarron, CEO and Chair of Thunderbird, highlighted the company’s resilience and strategic focus. The company is closely watching the negotiation between AMPTP and IATSE Local 839 and hopes for an equitable solution. Additionally, Thunderbird implemented a normal course issuer bid (NCIB), repurchasing 591,400 common shares for $1.2 million under its NCIB. The NCIB remains in place and the company will continue to use it opportunistically.Thunderbird is well positioned to succeed in a competitive and evolving market landscape. With its various content arms and global reach, it is committed to delivering increased value to shareholders through consistent strong results and proactive engagement with the investment community.For more information, please see the financial statements and the management’s discussion and analysis (MD&A) for the Q1 results for fiscal 2025, available on SEDAR+ and the Company’s website. To stay updated, go to www.thunderbird.tv.