Canada's Thunderbird Q1 revenue drops 19%, to be acquired by Blue Ant Media

Thunderbird Entertainment

26/11/2025 12:43

Overview

Thunderbird fiscal Q1 rev falls 19% yr/yr due to production delays

Adjusted EBITDA for fiscal Q1 drops significantly from prior year

Company announces acquisition by Blue Ant Media

Outlook

Thunderbird expects full-year revenue growth in mid- to high-single digits

Company anticipates increase in Adjusted EBITDA and consistent margins

Proposed Blue Ant acquisition could expand financial and operational scale

Result Drivers

PRODUCTION DELAYS - Revenue decline attributed to delays in certain productions shifting to later in fiscal 2026

STRONG PRODUCTION SLATE - Approximately 76% of revenue from current production slate is already approved and in progress

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$36.78 mln
Q1 Net Income
-C$531,000
Q1 Adjusted EBITDA
C$1.44 mln
Q1 EBITDA
C$1.03 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the entertainment production peer group is "buy"

Wall Street's median 12-month price target for Thunderbird Entertainment Group Inc is C$3.00, about 60.7% above its November 25 closing price of C$1.18

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw3Jz7Gba

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)