Thunderbird Entertainment Group Inc (TSE:TBRD) has released an update.
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Thunderbird Entertainment Group Inc. has reported a significant improvement in its financial performance for the third quarter of fiscal 2024, with a noteworthy increase in free cash flow and a modest net income compared to a net loss in the previous year. However, the company experienced a decrease in AEBITDA and revenue, attributing this to fewer intellectual property deliveries and a tough content creation market. Despite these challenges, Thunderbird remains optimistic about its cost-saving strategies and future growth prospects.
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