Operator
Greetings. Welcome to the IDW Media Holdings First Quarter Fiscal 12 months 2026 Convention Name. (Operator Directions) Davidi Jonas, CEO; and Andrew DeBaker, CFO, will likely be out there to reply questions and supply firm perception. Please word, this convention is being recorded.
Earlier than we start, I would prefer to learn you the corporate’s abbreviated protected harbor assertion.
I would prefer to remind you that statements made throughout this convention name regarding future revenues, outcomes from operations, monetary place, markets, financial situations, product releases, partnerships and every other statements which may be construed as a prediction of future efficiency or occasions are forward-looking statements, which can contain recognized and unknown dangers, uncertainties and different elements, which can trigger precise outcomes to vary materially from these expressed or implied by such statements.
Non-GAAP outcomes can even be mentioned on the decision. The corporate believes that the presentation of non-GAAP data offers helpful supplementary knowledge in regards to the firm’s ongoing operations and is supplied for informational functions solely.
I would now like to show it over to Andrew DeBaker, CFO, for opening remarks.
Andrew DeBaker
Chief Monetary Officer
Thanks. Good day, and thanks for becoming a member of right this moment’s name. I’m Andrew DeBaker, Chief Monetary Officer right here at IDW. Whereas we sometimes transfer immediately into the questions and dialogue, we thought it will be useful to start with a short overview of the quarter and share just a few views on how we see the rest of the 12 months creating.
The primary quarter began sturdy throughout the board. Income elevated 13% year-over-year with progress throughout comics, books, digital, royalties and direct-to-consumer channels, whereas returns really declined in comparison with the prior 12 months. We attribute a part of the lower in returns and the general