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Thunderbird Entertainment Group Inc. (THBRF) Q4 2024 Earnings Call Transcript Summary

Futu News ·  Oct 10 16:34  · Conference Call

The following is a summary of the Thunderbird Entertainment Group Inc. (THBRF) Q4 2024 Earnings Call Transcript:

Financial Performance:

  • Thunderbird reported a significant increase in Q4 revenue to $51.8 million, up 37% year-over-year.

  • Full year revenue was slightly down by less than 1% to $165.3 million.

  • Q4 net income showed a positive turnaround at $2.5 million compared to a loss of $2.6 million in the same period last year.

  • Full year adjusted EBITDA grew by 30%, rising to $16.7 million with a margin improvement from 7.7% to 10.1%.

Business Progress:

  • Expanded global reach of 'Mittens & Pants' and announced new deals for 'Mermicorno: Starfall.'

  • Newly announced 'The Day You Begin,' an animated special headed to PBS Kids, showcasing increased Thunderbird's IP ownership.

  • Launched several new unscripted and scripted series, showing a diverse content pipeline.

  • Continuing focus on strategic growth with plans for uplifting to the TSX to increase visibility and liquidity.

Opportunities:

  • Plans for fiscal 2025 target a revenue growth of 20% and adjusted EBITDA growth of over 10%.

  • Focused expansion into high-impact areas like FAST channels through multiple productions, enhancing content reach and audience engagement.

Risks:

  • Ongoing industry market challenges could slow down the commissioning of new shows, impacting revenue growth and margins particularly in the non-animation service segment.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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