VANCOUVER, British Columbia--(BUSINESS WIRE)--Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF), ("Thunderbird†or the "Company†) a global award-winning, full- service multiplatform production, distribution and rights management company, is pleased to announce that it has filed its management information circular (the "Information Circular†) in connection with Thunderbird's upcoming special meeting (the "Meeting†) of the holders (the "Shareholders†) of Thunderbird's common shares (the " ...

Core Insights - Thunderbird Entertainment Group reported its first quarter fiscal 2026 results, showing a revenue of $36.8 million, a decrease of 19% from $45.7 million in the prior year quarter, primarily due to production delays [4][10] - The company experienced a net loss of $500,000 compared to a net income of $1.6 million in the prior year period, attributed to the absence of IP project deliveries in the current quarter [4][10] - Adjusted EBITDA was $1.4 million, down from $4.1 million in the prior year, with margins decreasing from 8.9% to 3.9% [4][10] Production and Projects - Thunderbird is managing 26 programs in various stages of production, an increase from 25 in the previous quarter, with 76% of expected production revenue already greenlit [3][10] - The company is working on multiple high-profile projects, including several IP-driven titles expected to contribute significant revenue in future quarters [3][10] - Notable productions include "Super Team Canada," "The Day You Begin," and "Marvel's Iron Man and his Awesome Friends," among others [10] Financial Outlook - The company anticipates full-year revenue growth in the mid- to high-single digits year over year, along with an increase in Adjusted EBITDA and margins consistent with the prior year [4][10] - Thunderbird's cash flow and balance sheet remain healthy, positioning the company well for future value generation for shareholders [3][4] Corporate Developments - Thunderbird announced a proposed acquisition by Blue Ant Media Corporation, which is expected to enhance financial and operational scale, pending customary approvals [4][10] - The company has initiated a Normal Course Issuer Bid, repurchasing 250,000 common shares for a total consideration of $0.5 million at an average price of $1.77 per share [4][6]