Thunderbird’s fiscal 2021 revenue up 37%

VANCOUVER — Thunderbird Entertainment Group today reported its year-end revenue for fiscal 2021 was $111.5 million, a 37% increase over its full-year 2020 revenue. The majority of this increase was due to growth in production services projects, according to a press release. For the year ended June 30, 2021, the company’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $19.6 million, a 26% increase from fiscal 2020 and the company’s free cash flow was $12.3 million for fiscal 2021, a 68% increase compared to 2020. Thunderbird reported net income from continuing operations was $5.7 million for the full...