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THUNDERBIRD ENTERTAINMENT Thunderbird Entertainment Group Reports on Q1 2022 Results Q1 2022 Revenue $ 35.1 million , 77 % year - over - year increase Q1 2022 Adjusted EBITDA $ 6.3 million , 31 % year - over - year increase 27 shows in production ; 12 IP or Partner - Managed Conference call and webcast scheduled for November 29 at 8 a.m. PT / 11 a.m. ET Vancouver , Canada , November 24 , 2021 — Thunderbird Entertainment Group Inc. ( TSXV : TBRD , OTCQX : THBRF ) ( Thunderbird or the Company ) today announced its financial results for Q1 2022 , which ended September 30 , 2021 , and provided a corporate update . Financial Highlights • Revenue was $ 35.1 million for the three months ended September 30 , 2021 , as compared to $ 19.8 million for the comparative period of fiscal 2021 , an increase of $ 15.3 million ( 77 % ) . The majority of this increase over the comparative period in 2021 is related to growth in production service projects and due to the delivery of the live - action series Strays for CBC . • Adjusted EBITDA was $ 6.3 million for the three months ended September 30 , 2021 , as compared to $ 4.8 million for the comparative period of fiscal 2021 , an increase of $ 1.5 million ( 31 % ) . Free cash flow was $ 3.4 million for the three months ended September 30 , 2021 , as compared to $ 1.2 million for the comparative period of fiscal 2021 , an increase of $ 2.2 million ( 183 % ) . “ Content remains king and Thunderbird is laying the foundation to sustainably grow with the ever- increasing demand . With quality as our North Star and our focus on maintaining a culture that is diverse , inclusive and promotes excellence , Thunderbird will continue to lead in delivering premium content to our partners , further driving shareholder value , ” said Jennifer Twiner McCarron , Thunderbird CEO . 123 West 7th Ave. , Vancouver BC V5Y 1L8 604.734.2866