Operator
Good day, everyone, and welcome to the Live Ventures Fiscal Year 2026 Q1 Earnings Conference Call. [Operator Instructions] Now I’ll turn the call over to Greg Powell, Director of Investor Relations. Please go ahead, sir.
Greg Powell
Director of Investor Relations
Thank you, Elvis. Good afternoon, and welcome to the Live Ventures First Quarter Fiscal Year 2026 Conference Call. Joining us this afternoon are Jon Isaac, our Chief Executive Officer and President; and David Verret, our Chief Financial Officer.
Some of the statements we’re making today are forward-looking and are based on our best view of our businesses as we see them today. The actual results could differ materially due to the number of factors, including those outlined in our latest filings, Forms 10-K and 10-Q as filed with the SEC. We have no obligation to publicly update any forward-looking statements after this call, whether as a result of new information, future events, changes in assumptions or otherwise. You can find our press release and 10-Q, which we filed today, referenced on this call in the Investor Relations section of the Live Ventures website. I direct you to our website, liveventures.com or sec.gov for our historical SEC filings.
I will now turn the call over to David to walk you through our financial performance. David?
David Verret
Chief Financial Officer
Thank you, Greg. Good afternoon, everyone. Before discussing our financial results, I’d like to touch on a few key highlights from the quarter. During the quarter, our portfolio companies continued to strengthen their operating disciplines and optimize their cost structures. These efforts contributed to a $2.7 million or 352.9% increase in operating income compared to the prior year period. Additionally, we
