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THUNDERBIRD ENTERTAINMENT Thunderbird Entertainment Group Reports on Fiscal Year End 2021 Results Fiscal 2021 Revenue $ 111.5 million , 37 % year - over - year increase Fiscal 2021 Adjusted EBITDA $ 19.6 million , 26 % year - over - year increase Fiscal 2021 Free Cash Flow of $ 12.3 million , 68 % year - over - year increase , with no corporate debt Conference call and webcast scheduled for Wednesday , October 20 at 11 a.m. PT / 2 p.m. ET Vancouver , Canada , October 20 , 2021 Thunderbird Entertainment Group Inc. ( TSXV : TBRD , OTCQX : THBRF ) ( Thunderbird or the Company ) today announced its financial results for Q4 and Fiscal 2021 , which ended June 30 , 2021 , and provided a corporate update . Financial Highlights Revenue for the three months and year ended June 30 , 2021 was $ 26.1 million and $ 111.5 million as compared to $ 21.1 million and $ 81.3 million for the same periods of fiscal 2020 , increases of $ 5.0 million ( 24 % ) and $ 30.2 million ( 37 % ) , respectively . The majority of these increases over the comparative periods in 2020 is related to growth in production services projects . Adjusted EBITDA was $ 2.3 million and $ 19.6 million for the three months and year ended June 30 , 2021 , compared to $ 2.9 million and $ 15.5 million for the same periods of fiscal 2020 , a decrease of $ 0.6 million ( 21 % ) and an increase of $ 4.1 million ( 26 % ) , respectively . . Free cash flow was $ 4.8 million and $ 12.3 million for the three months and year ended June 30 , 2021 , as compared to $ 2.6 million and $ 7.3 million for the comparative periods , increases of $ 2.2 million ( 85 % ) and $ 5.0 million ( 68 % ) , respectively . " We are extremely proud of our accomplishments during the last 12 months and look forward to continuing our path to becoming a major global production company . Not only do our fiscal 2021 results reflect our talented teams , trusted partnerships , and commitments and contributions to building global brands , they also validate the strategic decisions made regarding content development and demonstrate the early dividends from the long - term growth initiatives we have put in place . We are continuing to build for our future , mapping out clear pathways and new 123 West 7th Ave. , Vancouver BC V5Y 1L8 604.734.2866