Significant Revenue Growth
Revenue for the third quarter was $45.5 million, a 29% increase from the same period last year. Year-to-date revenue rose by 22% to $138.3 million.
Strong Licensing and Distribution Performance
Licensing and distribution revenue increased by 302% to $10.8 million this quarter, driven by the delivery of new episodes of Mermicorno: Starfall and Highway Thru Hell.
Positive Earnings and EBITDA Growth
The company recorded its sixth straight quarter of positive earnings with net income of $2.2 million. Adjusted EBITDA increased to $5.9 million this quarter, up from $3.3 million in the same period last year.
Diversified Production Slate
The company worked on 24 programs with over 15 clients, including notable series like Super Team Canada and Mermicorno: Starfall, demonstrating a strong and diverse production slate.
Industry Recognition
Molly of Denali won a Children and Family Emmy Award, and Thunderbird Productions received eight Canadian Screen Awards nominations and two BAFTA nominations.