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: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
