Thunderbird Entertainment Group (TSE:TBRD) has released an update.
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Thunderbird Entertainment Group has reported a dip in Q2 2024 revenues and free cash flow, with revenues falling to $44.5 million from $47.9 million and free cash flow dropping significantly due to various expenditures and investments. Despite the declines, the company saw an improvement in net income, turning a loss into a modest gain, and maintains an optimistic financial outlook, projecting over 20% growth in adjusted earnings (AEBITDA) for fiscal 2024, alongside anticipated cost reductions of over $3 million.
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