Revenue Growth
Thunderbird reported a 6% increase in Q2 revenue, totaling $47.2 million compared to $44.5 million last year. Year-to-date revenue increased by 19% to $92.8 million.
Production Services Growth
Production service engagements experienced 42% growth with revenues totaling $44.3 million, driven by a 16% increase from the Animation division and significant contributions from Scripted and Unscripted production services.
Positive Earnings
Thunderbird recorded a fifth straight quarter of positive earnings with net income of $0.8 million, up from $0.6 million in the same period last year.
Adjusted EBITDA Increase
Q2 adjusted EBITDA increased to $4.2 million from $3.9 million last year. Year-to-date adjusted EBITDA rose 30% to $8.3 million.
Strong Partnerships
Thunderbird maintains over 250 partnerships with major streamers and broadcasters, including Netflix, Apple, Disney, and NBCUniversal.
Content Success
Sidelined: The QB and Me became the number one movie in Canada and the USA on Tubi and landed at number five on Variety's Streaming Originals Chart.
Milestone Achievement
Highway Thru Hell is set to celebrate its 200th episode, joining an exclusive club of long-running series.