Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Thunderbird Entertainment delivers strong fiscal 1Q results reflecting demand for its production content

% of readers think this story is Fact. Add your two cents.


Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCQX:THBRF) (FRA:32GA) posted strong fiscal 1Q 2021 results on Tuesday, showing an increase in revenue, off the back of a growing demand for content. 

The Vancouver-based production company saw total revenue for the three-month period to end September 30, of C$19.8 million, a 20% increase over the year-ago period. 

Adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, was $4.8 million, an increase of $1.2 million over the comparative period in fiscal 2020, thanks to growth in production services attributed to the kids and family division, Thunderbird told shareholders.

READ: Thunderbird Entertainment to develop series based on the father of US Space Program and former Nazi scientist Wernher von Braun

The Vancouver-based entertainment company has 25 shows in various stages of production, including deals with all of the major streaming companies.

“Thunderbird was right on track in 1Q with 25 shows in various stages of production, an increase from 21 shows at this time last year,” CEO Jennifer Twiner McCarron said in a statement accompanying the results.

The company’s free cash flow was $1.2 million as compared to $4 million in the year-ago quarter, a reflection of the group’s $3.6 million total investments into content during the quarter. Thunderbird told shareholders that the benefits of its investment “will be realized over the next two fiscal years.”

During the quarter, the firm launched new partnerships and hired additional talent to meet the heightened demand for premium content, Twiner McCarron told shareholders.

“Looking forward, we have visibility well into fiscal 2022, and are perfectly positioned to keep delivering and executing on Thunderbird’s strategic and financial objectives,” the CEO added.

Thunderbird’s production studio is responsible for popular programs like Kim’s Convenience, The Last Kids on Earth, Molly of Denali and Highway Thru Hell.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/935382/thunderbird-entertainment-delivers-strong-fiscal-1q-results-reflecting-demand-for-its-production-content-935382.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.