Thunderbird’s revenues and earnings up in Q1 2021

VANCOUVER — Thunderbird Entertainment Group reported late Monday strong increases in revenue and adjusted EBITDA for the first quarter of its 2021 fiscal year compared to last year, thanks primarily to growth in its kids and family division’s production services. For the three months ended September 30, 2020, Thunderbird had $19.8 million in revenue, an increase of 20% over the same quarter of fiscal 2020. The company’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $4.8 million in Q1 2021, a 32% year-over-year increase. Production services revenue increased by 41% in the first quarter of 2021 compared to...