Significant Revenue Growth
Revenue for Q3 was $45.5 million, a 29% increase compared to the same period last year. Year-to-date, total revenue reached $138.3 million, a 22% increase over the previous year.
Strong Licensing and Distribution Performance
Licensing and distribution revenue increased by 302% to $10.8 million this quarter compared to the same period last year.
Consistent Profitability
The company recorded its sixth straight quarter of positive earnings with a net income of $2.2 million, compared to a profit of $5,000 for the same period last year.
Diverse Production Slate
Thunderbird was working with 15 clients on 24 productions during Q3, including both company-owned IP and service productions.
Strong Financial Position
Thunderbird operates with a strong balance sheet with no corporate debt, providing financial flexibility for growth.