In its Q3 2025 results, Vancouver-based Thunderbird Entertainment reported a 29% year-over-year revenue increase to $45.5 million from $35.4 million.

In the Q3 report, released May 12, the growth was attributed to the increase in production service engagements for the three months ending March 31. Of the company’s 24 programs in production during the quarter, six were Thunderbird intellectual property, and 18 were service productions.

One of those films, coproduced through Thunderbird’s subsidiary Great Pacific Media, Marshall Arts and Wattpad Webtoon Studios, is Sidelined 2: Intercepted, the sequel to the Tubi Original movie Sidelined: The QB and Me (pictured). The first film debuted as Tubi’s No. 1 movie in Canada on the Fox-owned streamer following its release on Nov. 29, 2024.

Thunderbird also saw a 79% adjusted EBITDA increase to $5.9 million compared to $3.3 million from the same period last year. Adjusted EBITDA margins also increased to 12.9% from 9.5% in Q3 2024. This was attributed to the growth in revenues and reduction in amortization and finance costs over the comparative periods.

Net income stood at $2.2 million in Q3. The company is maintaining its target of 20% revenue growth and more than 10% adjusted EBITDA growth.

Regarding the uncertainty around proposed U.S. tariffs on film productions, Thunderbird chair and CEO Jennifer Twiner McCarron said during yesterday’s (May 13) earnings call the company has not yet seen impacts on its own productions.

“This is a fluid situation and one that we will monitor,” McCarron said during the earnings call. “Our focus is still on just what we can control.”

McCarron also discussed another industry-wide uncertainty during the call – that of AI use. “We are very much embracing [AI] right now as a company and as a tool,” she said. “Things are evolving all the time. I do see it as a positive for the industry, not a negative.”

Image courtesy of Tubi