GuruFocus News
Wed, May 14, 2025, 12:15 AM 4 min read
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Revenue: $45.5 million for Q3 2025, a 29% increase from $35.4 million in the same period last year.
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Year-to-Date Revenue: $138.3 million, a 22% increase from $113.5 million for the first nine months of the previous year.
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Production Services Revenue: $34.6 million for Q3, a 6% year-on-year increase.
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Licensing and Distribution Revenue: $10.8 million for Q3, a 302% increase from the same period last year.
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Gross Margin: 24.2% for Q3, compared to 23.3% in the same period last year.
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Net Income: $2.2 million for Q3, compared to a profit of $5,000 in the same period last year.
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Adjusted EBITDA: $5.9 million for Q3, up from $3.3 million in the same period last year.
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Year-to-Date Adjusted EBITDA: $14.2 million, a 46% increase from $9.7 million in the previous year.
Release Date: May 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Thunderbird Entertainment Group Inc (THBRF) reported a 29% increase in revenue for Q3 2025, reaching $45.5 million compared to $35.4 million in the same period last year.
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The company achieved a 46% increase in adjusted EBITDA for the nine-month period, rising from $9.7 million to $14.2 million.
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Thunderbird's diversified business model, including partnerships with major buyers and a mix of scripted and unscripted content, mitigates risk and supports growth.
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The company is debt-free, providing financial flexibility to pursue growth opportunities and weather market uncertainties.
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Thunderbird is embracing artificial intelligence as a positive tool for content creation, indicating a forward-thinking approach to industry trends.
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The potential introduction of tariffs on non-US-produced content creates uncertainty and could impact future production plans.
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Licensing and distribution revenue decreased by 22% year-to-date, reflecting weaker demand for unscripted IP shows.
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The company faces pricing pressures from vendors, particularly for software used in production workflows, which could affect cost management.
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Despite revenue growth, the gross margin for the nine months ended March 31 decreased to 21.7% from 22.9% in the same period last year.
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The uncertain environment, including potential tariffs and market disruptions, necessitates a cautious approach to cash management, limiting immediate opportunities for share buybacks.
Q: Have you noticed a greater hesitation to greenlight new shows due to the potential for tariffs, and is it true that the Trump administration is only proposing tariffs on feature films? A: Jennifer McCarron, CEO, stated that there are currently no details available regarding the tariffs, and it's unclear if they will affect the entire movie industry or just feature films. There is no immediate impact on Thunderbird's business, but the uncertainty is acknowledged. Simon Bodymore, CFO, added that the industry is waiting to see how the situation unfolds, highlighting the current market uncertainty.
English (US) ·