San Francisco 49ers seasons that exceeded expectations the most
By
Stacker Feed
2 min read • Published February 6, 2026
By
Stacker Feed
2 min read • Published February 6, 2026
MT-R // Shutterstock
San Francisco 49ers seasons that exceeded expectations the most
When September rolls around, NFL fans are champing at the bit for the season to start. They’ve already gotten a taste from the preseason, read up on their team’s draft picks, and made predictions about how the season should go with their team’s roster. Adrenaline is high during Week 1 and often doesn’t wear off until Week 18. A tough loss could end in tears, for both the team and its fans.
It’s hard for people who aren’t fanatics to wrap their heads around how a sport could evoke so much emotion, but there’s a psychological explanation for fandom.
For many, a team association ties into self-esteem and identity. It has been proved that people receive a self-esteem boost from associating with successful individuals or groups, which is why fans are more likely to wear team gear the day after a win than the day after a loss, and die-hards speak about team successes in first person and failures in third person. Shared fandom also provides a sense of connection, whether it be with friends who follow the same team or via strangers bonding at a game, and all humans have a need for connectedness.
A Super Bowl win, the pinnacle of the sport, can bring a city together and give fans a personal sense of pride and satisfaction. Conversely, when a team has a particularly disappointing season or loses in the playoffs, it can feel like a gut punch.
Stacker compiled a list featuring the San Francisco 49ers seasons that most exceeded expectations since 2000 using data from Pro Football Reference. Each season was selected based on the number of wins by which the team overperformed its preseason over/under for that season. Ties were broken via the highest preseason over/under.
#5. San Francisco 49ers 2006 – Preseason over/under: 5 wins – Season record: 7-9 (2 games over)
#4. San Francisco 49ers 2022 – Preseason over/under: 9.5 wins – Season record: 13-4 (3.5 games over)
#3. San Francisco 49ers 2001 – Preseason over/under: 7.5 wins – Season record: 12-4 (4.5 games over)
#2. San Francisco 49ers 2019 – Preseason over/under: 8 wins – Season record: 13-3 (5 games over)
#1. San Francisco 49ers 2011 – Preseason over/under: 7.5 wins – Season record: 13-3 (5.5 games over)
Young Buyers Are Rate-Locked: 1 in 3 Say They Need 4% to Move
By
Media News
3 min read • Published February 5, 2026
By
Media News
3 min read • Published February 5, 2026
Nearly 9 in 10 Americans say saving money is influencing whether they move in 2026, and interest in moving to lower-cost states is rising.
ATHENS, GEORGIA / ACCESS Newswire / February 5, 2026 / Even in a buyer’s market, current mortgage rates aren’t making buying any easier in 2026.
Only 8%would be motivated to buy and 5% to sell for a sub 1% point rate drop, according to a survey from moveBuddha.com, a relocation booking website.
Gen Z is the most likely to react to smaller rate cuts. 15% say a rate cut of under 1-point would help them buy, nearly twice the share of Millennials (9%) and Gen X (8%).
But most younger buyers say mortgage rates would need to drop by at least two points to motivate a home purchase; roughly one in three Gen Z (31%) and Millennial buyers (32%).
With 30-year rates at 6.01% when the survey closed, that suggests rates would need to fall to about 4%. The last time Americans saw rates that low was in 2022.
"Affordability is an issue impacting a lot of decisions right now, including moving," says Ryan Carrigan, co-founder of moveBuddha. "Mortgage rates are a key component in making homebuying decisions, but it’s overall affordability that’s holding back potential movers across the map.
We are seeing potential movers spending more time considering not just the cost of housing, but also the cost of living where they are headed, the costs of moving, and much more. Movers want the best cost option, and are taking more time than ever to research whether a move is the right choice."
Overall, costs are weighing more heavily this year than last. moveBuddha’s annual 2026 moving survey also found that Americans are:
Twice as concerned about living somewhere affordable. Interest in moving to "wherever the cost of living is low" has doubled since last year to 16% in 2026, up from 8.5% in 2025.
Factoring in saving money. 88% of respondents indicate that saving money is a factor influencing relocation this year.
Looking for relief in monthly housing costs. 73% of respondents say it would take a 20+% discount on housing costs to make a move worth it.
Feeling stuck because of high costs. 40% say high moving costs and 38% say housing costs in their desired destinations are keeping them from moving this year.
Still dreaming of Florida and lower-cost states. This year, we asked respondents again: In which state would you want to move to or live? Florida is still #1. While states with lower average costs of living and home prices, like #3 Texas (+2), #5 Tennessee (+5), and #7 South Carolina (+4), are climbing in the ranking.
2026’s Most Desired Move-to States
moveBuddha asked respondents: Whether you are planning to move or not, which 3 states would you want to move to or live in?
State
% of Respondents*
Y/y Rank Change
1. Florida
28.6%
0
2. California
20.1%
0
3. Texas
18.2%
+2
4. North Carolina
15.2%
0
5. Tennessee
14.5%
+5
6. New York
12.0%
+3
7. South Carolina
11.3%
+4
8. Georgia
10.8%
0
9. Colorado
10.7%
-3
10. Virginia (tie)
10.6%
+6
10. Hawaii (tie)
10.6%
-7
*Percentages reflect the total % of respondents which selected any given state. Rankings reflect how frequently each state was selected as a top destination.
Why This Matters Now? In 2026, potential movers feel boxed in by cost pressures. This is reshaping where people are willing to live and whether they move at all.
Why keyboard materials are gaining attention in competitive gaming
By
Gavin Chen for ATTACK SHARK
6 min read • Published February 5, 2026
By
Gavin Chen for ATTACK SHARK
6 min read • Published February 5, 2026
ATTACK SHARK
Why keyboard materials are gaining attention in competitive gaming
In competitive esports, discussions around keyboard performance often focus on speed. Faster reaction times, higher polling rates, and lower latency are frequently cited as decisive advantages. While these metrics remain important, they represent only part of how a keyboard performs under competitive conditions. Increasingly, designers and players are examining a less visible factor that influences consistency and control during play: materials.
This shift is reflected in recent industry developments and research. In this article, ATTACK SHARK finds that while the market has long been dominated by electronic specifications, a new frontier in performance is emerging through material science. By exploring alternative construction materials and internal structures, these developments highlight how physical design choices—rather than just polling rates—fundamentally affect stability, tactile feedback, and long-term usability during high-intensity gaming.
Materials influence how force travels from finger to switch and how energy disperses across the keyboard surface. Even minor flex or uneven vibration can subtly change how inputs feel, particularly during repeated actions such as strafing, rapid tapping, or controlled bursts in FPS games. Over time, these small variations can affect comfort and perceived control.
As a result, material selection and structural design have become more prominent considerations in competitive keyboard development.
Carbon fiber and lightweight rigidity
Carbon fiber is widely used in industries such as aerospace and motorsports because it offers a rare combination of high stiffness, low weight, and natural vibration damping. In the context of esports peripherals, these physical characteristics align closely with how competitive players actually use their equipment.
High-level esports play often involves rapid, repetitive inputs over extended periods, particularly in FPS games where movement control and timing precision are critical. A rigid keyboard structure helps maintain consistent switch alignment during high-frequency keystrokes, reducing subtle variations in actuation feel that can occur when a keyboard flexes under uneven or sustained pressure. This consistency becomes more noticeable during intense sequences such as rapid strafing, counter-strafing, or repeated micro-adjustments.
At the same time, overall weight plays a role in player comfort during long sessions. Research in gaming ergonomics suggests that peripheral weight has an optimal range. A study published in The International Journal of Industrial Ergonomics (via CDC Stacks) found that optimized device weight can reduce muscle load in the forearm, specifically in the extensor carpi radialis, and improve movement efficiency during repetitive tasks. For esports players who practice or compete for several hours at a time, minimizing unnecessary muscular strain can help sustain performance and reduce fatigue.
By using carbon fiber, manufacturers can achieve the structural stability typically associated with heavier materials while avoiding the drawbacks of excessive mass. This allows keyboards to remain stable during high-intensity play without increasing the physical effort required to reposition or adjust the device. In high-pressure competitive scenarios, where consistency and tolerance for error are limited, this balance between rigidity, weight, and damping can contribute to a more predictable and controlled input experience.
Aluminum and composite construction
Metal components, particularly aluminum, are another common feature in modern keyboards. Aluminum frames or internal plates can reinforce structural integrity and improve resistance to torsion. When combined with composite materials, these elements allow designers to balance strength, durability, and weight.
Composite construction also enables greater flexibility in tuning how a keyboard feels and sounds. By layering materials with different densities and damping characteristics, manufacturers can influence how vibration moves through the device. This layered approach is commonly used in mechanical engineering and audio equipment to manage resonance and reduce unwanted feedback.
Sound, vibration, and comfort
Sound is often discussed in subjective terms, but it has practical implications as well. Excessive resonance or hollow acoustics can be distracting during long sessions or in shared environments. More importantly, uncontrolled vibration can translate into physical feedback that some users find fatiguing over time, particularly during high-frequency input common in competitive play.
To further manage sound and vibration, some keyboards combine carbon-based structures with multi-layer internal damping systems using foam, silicone, or insulating films. These layers absorb residual vibration and help stabilize keystrokes. While player preferences vary and some users enjoy audible feedback, controlled damping can support a more predictable and consistent input experience.
For players who practice or compete for several hours a day, reducing both structural resonance and transmitted vibration may help minimize hand fatigue and improve comfort. In high-pressure esports environments, where sustained focus and precision matter, this type of material-driven vibration control can contribute to long-term usability rather than short-term performance claims.
Precision and input consistency
Improved structural stability also supports advances in switch technology, particularly in keyboards that use magnetic or analog switches capable of detecting extremely small changes in key travel. In these designs, the rigidity of the underlying platform plays a critical role in how accurately movement is measured.
A rigid carbon fiber-based platform, such as a carbon fiber positioning plate, helps maintain consistent switch geometry during use. By limiting flex under rapid or uneven input, this type of structure reduces micro-deformation that could otherwise affect how precisely a magnetic sensor interprets key movement. This stability is especially relevant when actuation and reset points are measured at very fine tolerances.
In competitive first-person shooters, players rely on precise timing for actions such as stopping movement before firing or making fine adjustments while tracking targets. Under these conditions, even small mechanical variations can become more noticeable. Professional players have noted that improved input consistency can help reduce unintended variation during high-pressure sequences, where accuracy and timing are tightly coupled.
Rather than promising better outcomes, these design approaches aim to reduce mechanical unpredictability. By providing a more stable and consistent sensing environment, rigid materials such as carbon fiber allow player skill and decision-making to remain the primary determinants of performance.
An emerging industry direction
Across the gaming hardware industry, manufacturers are increasingly re-evaluating material choices as a way to differentiate beyond conventional performance metrics. In particular, carbon fiber and carbon-based composites are gaining attention as designers look for alternatives to traditional plastic or steel structures that can offer higher rigidity, lower weight, and improved vibration control.
Recent keyboard designs reflect a broader trend toward hybrid construction, combining carbon fiber components with metal reinforcement and layered internal structures. This approach mirrors practices seen in other performance-driven industries, where composite materials are used to manage stress, reduce resonance, and maintain structural consistency under repeated load.
These developments suggest a growing recognition that physical construction, especially the use of advanced composite materials such as carbon fiber, plays a meaningful role in how keyboards perform during competitive play. As esports equipment continues to evolve, material engineering is becoming an increasingly important part of the design conversation alongside electronics and software.
ATTACK SHARK
What this means for players
For players, the increasing focus on materials reflects a broader innovation trend in esports hardware, particularly the growing adoption of carbon fiber and other advanced composites. As these materials move from niche applications into mainstream keyboard design, players are seeing a wider range of options that balance rigidity, weight, sound control, and long-term comfort. Understanding how different constructions affect feel and consistency can help players select equipment that better matches their play style and playing environment.
At the same time, this shift points to a more holistic approach to performance. As competitive gaming continues to mature, improvements are often incremental and depend on how electronics, software, and physical construction work together rather than on any single specification.
Some recent esports keyboard designs illustrate this direction by combining carbon fiber composite bases with multi-layer damping systems. This approach aims to balance structural rigidity with vibration control, addressing core competitive needs such as input consistency during high-frequency play and comfort during extended sessions.
Materials alone do not determine success, but they influence how reliably a keyboard translates intent into action. In an environment where consistency matters as much as speed, innovations in materials such as carbon fiber are becoming an increasingly important part of the performance conversation.
This story was produced by ATTACK SHARK and reviewed and distributed by Stacker.
Trustpoint Xposure Establishes AEO Certification Framework for Answer Engine Optimization and AI Search Authority
By
Media News
2 min read • Published February 5, 2026
By
Media News
2 min read • Published February 5, 2026
A Proprietary Validation Standard Defining How Organizations Qualify for Visibility, Citation, and Trust in AI-Driven Answer Engines
POST FALLS, ID / ACCESS Newswire / February 5, 2026 / Trustpoint Xposure announced the publication of its AEO Certification Framework, a proprietary internal validation standard designed to formalize how organizations qualify for visibility, citation, and trust within AI-driven answer engines.
As AI systems increasingly determine which sources are cited, summarized, and surfaced as direct answers, organizations are competing not for rankings alone, but for answer engine trust. Answer Engine Optimization (AEO) addresses this shift by aligning content, entity signals, and media authority with how AI models select sources.
The AEO Certification Framework defines how AEO capability is evaluated based on observable AI behavior, including citation frequency, entity recognition, trust persistence, and answer selection across live AI environments. Unlike traditional SEO metrics or media impressions, AEO certification focuses on whether AI systems repeatedly recognize an organization as a reliable answer source.
Under the published framework, certification criteria include structured clarity, entity authority consistency, AI citation reliability, and sustained trust qualification. Certification is assessed through formal training, live AI validation, and ongoing verification of performance over time.
As of January 2026, Trustpoint Xposure is the only organization that has completed and maintained certification under its published AEO Certification Framework. This exclusivity reflects the framework’s documented standards and continuous validation requirements rather than promotional designation.
Trustpoint Xposure publishes the full definition, governance model, validation criteria, and exclusivity scope of AEO certification within its AEO Certification framework, which serves as the canonical reference for how AEO capability is defined and validated
VIVOS Therapeutics, Inc. ($VVOS) Signs 12-Part Media Series with New to The Street
By
Media News
3 min read • Published February 5, 2026
By
Media News
3 min read • Published February 5, 2026
Twelve months of national and global coverage to include long-form interviews, earned media, television commercials, iconic outdoor billboards, and accredited investor events
NEW YORK CITY, NEW YORK / ACCESS Newswire / February 5, 2026 / Vivos Therapeutics, Inc. (NASDAQ:VVOS), a medical technology company focused on innovative solutions for breathing and sleep disorders, today announced that it has entered into a 12-part media series agreement with New to The Street, one of the longest-running business television and digital media platforms serving public companies in the U.S. and international markets.
The 12-month series is designed to expand Vivos Therapeutics’ visibility among investors, healthcare professionals, and strategic partners through a comprehensive, multi-channel media strategy spanning linear television, digital platforms, social media, outdoor advertising, and live investor engagement.
As part of the agreement, Vivos Therapeutics will receive:
Long-form broadcast interviews distributed nationally and internationally
Earned media coverage supporting corporate milestones and clinical positioning
Television commercials airing as sponsored programming alongside New to The Street broadcasts
Iconic outdoor billboard placements in high-impact financial and metropolitan locations
Accredited investor events, providing direct engagement with screened, invitation-only investor audiences
The series will allow Vivos Therapeutics to consistently communicate its clinical progress, commercial execution, and long-term growth strategy throughout the year.
"Partnering with New to The Street provides a sustained, credible platform to communicate our story to a broad audience of investors and stakeholders," said a spokesperson for Vivos Therapeutics. "This multi-part series supports our commitment to education, transparency, and long-term shareholder engagement."
The first segment in the Vivos Therapeutics series is expected to begin airing in the coming weeks, with coverage continuing throughout the 12-month term.
About Vivos Therapeutics, Inc.
Vivos Therapeutics, Inc. (NASDAQ:VVOS) is a medical technology company focused on developing and commercializing innovative diagnostic and treatment solutions for breathing and sleep disorders arising from certain dentofacial abnormalities, including obstructive sleep apnea (OSA) and snoring in adults and children.
Vivos’ proprietary technologies have been cleared by the U.S. Food and Drug Administration (FDA) for use in adult patients diagnosed with all severity levels of OSA, as well as moderate-to-severe OSA in pediatric patients ages 6 to 17. The company’s groundbreaking Complete Airway Repositioning and Expansion (CARE) devices represent the only FDA 510(k)-cleared technology for treating severe OSA in adults and the first to receive clearance for treating moderate-to-severe OSA in children.
OSA affects more than one billion people worldwide, with an estimated 80% or more remaining undiagnosed. Beyond disrupted sleep, OSA is closely linked to numerous serious chronic health conditions. While legacy treatments such as CPAP have addressed symptoms, they are often mechanistic and may not address the underlying anatomical causes of the disorder.
Founded in 2016 and headquartered in Littleton, Colorado, Vivos is working to transform the standard of care for sleep-disordered breathing through innovative technology, education, and strategic collaborations with sleep healthcare providers. The company’s comprehensive approach-known as The Vivos Method-offers a proprietary, clinically effective, nonsurgical, noninvasive, and nonpharmaceutical solution, designed to address the root causes of OSA and improve long-term patient outcomes.
New to The Street is a 17-year-old, nationally and internationally syndicated business television brand that broadcasts weekly on Bloomberg Television as sponsored programming, featuring client interviews and television commercials. The program airs across the United States, MENA (Middle East & North Africa), and Latin America, delivering consistent global exposure.
In addition to its linear television distribution, New to The Street operates one of the largest YouTube subscriber channels in the financial and business media space, with over 4.4 million subscribers on New to The Street TV. The platform combines long-form interviews, earned media, digital amplification, and iconic outdoor advertising to deliver predictable, high-impact visibility for its clients.
Dalet Flex LTS Delivers Smarter Search, Faster Editing, and an AI-Ready Foundation for Modern Media
By
Media News
5 min read • Published February 5, 2026
By
Media News
5 min read • Published February 5, 2026
New semantic search experience, major Adobe Premiere workflow upgrades, and embedded AI services expand Dalet Flex across broadcast, sports, and brand-led operations, while preparing customers for Dalia, Dalet’s Agentic AI solution
PARIS, FR / ACCESS Newswire / February 5, 2026 / Dalet, a leading technology and service provider for media-rich organizations, today announced a major update to Dalet Flex. Building on the workflow packages and UX improvements introduced in 2025, the latest Dalet Flex LTS release makes the platform more intuitive for a wider range of users, accelerates editing and collaboration workflows, and introduces foundational AI capabilities designed to support next-generation, agent-driven experiences with Dalia, Dalet’s agentic AI solution.
Dalet Flex is fast to deploy and intuitive to use, enabling broader adoption of professional-grade media workflows across the organization. Broadcasters and sports teams, along with brands, agencies, and marketing teams, use Dalet Flex to ingest, create, manage, and distribute media with enterprise-grade control, governance, and performance.
"This release allows Dalet Flex to support media wherever it’s created and distributed," said Aaron Kroger, Director of Product Marketing, Dalet. "For broadcasters, that means expanding laterally across the enterprise to support more teams, workflows, and content types, without adding complexity. For marketing, brand, and content teams, it removes complexity from media production, making it easier to create, manage, and reuse high-quality content with professional-grade tools. At the same time, this release introduces core capabilities that prepare customers for the next phase of innovation with Dalia."
Smarter Discovery with Semantic Search Built into Flex
A highlight of the Flex LTS release is a new semantic search experience designed to make large media libraries easier to navigate and far more discoverable. Dalet Flex now enables users to find assets by meaning and context, helping teams locate relevant content even when metadata is inconsistent, incomplete, or created in different languages.
Semantic search is embedded directly into the Dalet Flex experience and supports multilingual discovery, allowing users to search across catalogs where content may be logged or tagged in different languages. Users can also combine semantic discovery with exact metadata filters, such as rights, region, format, or resolution, enabling faster, more precise access to usable content.
"With semantic search, users no longer need to know the data model, the metadata schema, or which fields were used to tag content. They just describe what they’re looking for. This is a fundamental shift; it democratizes access to the archive, letting anyone on the team find relevant content without training on the system’s data model or relying on someone who knows where things are stored," explained Erwan Kerfourn, Head of Product for Dalet Flex.
Major Adobe Premiere Workflow Enhancements with Dalet Xtend
The Dalet Flex LTS release includes a significant upgrade to Dalet Xtend for Adobe Premiere workflows, designed to improve speed, mobility, and reliability for editors working across distributed environments. New capabilities include:
Offline mode to continue editing uninterrupted during network disruptions, with automatic synchronization upon reconnection
Streaming mode to access content directly in Adobe Premiere without downloading full files or proxies
Smarter remote rendering workflows, including intelligent job routing across Adobe Media Encoder resources
Expanded support for modern editorial workflows, with improvements to project handling, rendering, and version control
These enhancements are particularly valuable for sports, news, and other production teams handling large files under tight deadlines, enabling faster access to media using less bandwidth and fewer manual steps.
Continued UX Improvements for Everyone
Dalet continues to invest in making Dalet Flex easier and more efficient for a broad range of users, from production professionals to content marketers. The Flex LTS release advances this initiative with UI refinements and new viewing options such as Dynamic Tile View, allowing users to adapt layouts for tasks like shot selection or high-volume browsing without repeatedly opening previews.
These improvements support a wider set of team needs, including marketing and brand users, while preserving the depth and performance required by enterprise production environments.
Enterprise-Grade Platform Enhancements: IMF and Ingest Portal
The Dalet Flex LTS release also strengthens core platform capabilities supporting enterprise media operations. Enhancements include improved handling of large-scale IMF workflows, addressing complex packaging and distribution requirements for high-resolution, HDR, and multi-variant deliverables. In addition, Dalet Ingest Portal with intuitive web-based scheduling is now available in the latest version, expanding secure and streamlined content contribution for distributed teams and partners.
Embedded Dalet AI Services: A Foundation for What Comes Next
Dalet Flex LTS introduces Dalet AI Services, a new foundation for embedded AI capabilities that run directly within Flex environments, whether on-premises, in the cloud, or in distributed deployments. Initial capabilities include built-in multilingual transcription, with additional services such as OCR, face detection, and translations planned.
For organizations requiring advanced enrichment or indexing, Dalet Flex integrates with partner ecosystems and premium services, providing a flexible path from foundational AI capabilities.
This latest Dalet Flex release is designed to support Dalia, Dalet’s agentic workflow solution. Dalia is currently in live testing with early adopters and will be widely available starting in Q2 2026.
Dalet empowers media-rich organizations to transform their production and distribution workflows – accelerating media operations, maximizing collaboration and creating higher value from content. As a leading media technology and service provider with over three decades of innovation, our software solutions enable greater control, enhanced visibility and increased productivity for content professionals and storytellers around the globe. Leading organizations such as Fox Networks Group, Arsenal Football Club, MediaCorp, and the BBC trust Dalet to support their daily content operations. Our team is driven by a passion for media and committed to empowering a world where compelling stories are beautifully made, effortlessly told and thoughtfully delivered. Learn more at www.dalet.com
All-Pro Ovie Mughelli's Winning Party Playbook for the Big Game on TipsOnTV
By
Media News
3 min read • Published February 4, 2026
By
Media News
3 min read • Published February 4, 2026
Former Pro Football Player and TV Sports Analyst Shares Stress-Free Hosting Tips Fans Can Use Anywhere
ATLANTA, GEORGIA / ACCESS Newswire / February 4, 2026 / As fans gear up for the Big Game, the excitement goes beyond the matchup itself. Great food, good company, and a well-planned watch party all play a role in creating a winning game-day experience. Former professional football player and television sports analyst Ovie Mughelli brings a player’s perspective to Big Game entertaining, sharing easy menu ideas, simple hosting upgrades, and practical tips designed to help hosts feel prepared without spending the entire day in the kitchen. Ovie shares practical guidance drawn from his experience on and off the field, offering approachable ideas for hosting a Big Game watch party that feels elevated without being complicated. His tips focus on preparation, presentation, and creating a welcoming game-day atmosphere that works for gatherings of any size.
A DISH TO ALWAYS INCLUDE
Spend more time with guests rather than in the kitchen by always including ready-to-heat Bob Evans Bacon Macaroni & Cheese. It is made with an indulgent blend of real cheeses and bacon, with a savory hickory-smoked flavor and black pepper seasoning. This dish is the ultimate game day snack and perfect for sharing with family and friends. It is microwave-ready in five minutes and can be served as-is or incorporated into hosting recipes for added flavor and convenience. For more information, visit www.BobEvansGrocery.com.
ADD PERSONAL TOUCHES
One easy way to add personal touches is by creating custom banners, team-themed décor, and even personalized drink labels with the help of Cricut Joy Xtra. This powerful machine makes it easy to turn ideas into custom game-day décor, apparel, and accessories to elevate any Big Game watch party. Cricut Joy Xtra helps deliver professional-quality results. Whether hosting a full house or a cozy watch party, the Joy Xtra is the perfect tool for turning game day into a creative win. For more information, visit www.Cricut.com.
A MUST-HAVE FOR BIG GAME ENTERTAINING
If serious about game day hosting, there has to be a grill, and the Charbroil Pro Series 3-in-1 is the ultimate setup. It is a grill, griddle, and can cook with charcoal all in one. That means pancakes, eggs, and bacon in the morning, smash burgers and apps during the day, and slow-cooked barbecue for the main event, without swapping appliances. Switch from gas to griddle to charcoal in under a minute, and it cooks incredibly evenly. The Charbroil Pro Series 3-in-1 is available for $799.00 at Walmart, Amazon, and Charbroil, and can be delivered just in time for the Big Game Day.
SUPER RECIPE SUGGESTIONS
An affordable pantry staple that will make game day recipes delicious is Libby’s Vegetables. Here are the Mexican Street Corn Nachos loaded with whole kernel sweet corn, Air Fryer Vegetable Egg Rolls made with sliced carrots, and a fan favorite, Sausage Reuben Puffs, that pack all the bold flavors of the classic Reuben sandwich with crispy sauerkraut. Since Libby’s ingredients are already cleaned, prepped, and cooked, hosts can spend less time in the kitchen and more time watching the game. For more information, visit www.LibbysVegetables.com.
TipsOnTV is a lifestyle blog featuring content as seen on national and local media outlets. Expert hosts share advice for viewers, listeners, and readers. TipsOnTV covers a variety of topics, including food, entertaining, personal finance, technology, travel, health, lifestyle, and more.
Berkeley SkyDeck and UC Berkeley Announce Second Year of Mayfield AI Garage, Expanding Opportunities for Student and Alumni Entrepreneurs
By
Media News
4 min read • Published February 4, 2026
By
Media News
4 min read • Published February 4, 2026
Partnership now welcomes Berkeley alumni and idea-stage ventures, reinforcing commitment to supporting AI innovation without requiring founders to choose between education and entrepreneurship
BERKELEY, CA / ACCESS Newswire / February 4, 2026 / Berkeley SkyDeck, the global hub for entrepreneurship and leading accelerator, along with UC Berkeley College of Computing, Data Science, and Society (CDSS), today announced the second year of its partnership with Mayfield to support AI-focused student and alumni entrepreneurs. Building on the success of its inaugural year, the Mayfield AI Garage now expands eligibility to include Berkeley alumni who graduated after 2022 and welcomes founders at the idea stage, making it easier than ever for aspiring entrepreneurs to transform their AI concepts into companies. Applications open today and can be found at: mayfield.ai/berkeley.
The program offers a distinctive approach to early-stage support, providing non-dilutive funding through stipends of $25,000 per founding team member (up to $50,000 per team) without taking equity or a position on the cap table. This structure enables participants to pursue entrepreneurship while maintaining full ownership of their ventures. The initiative also enables students to explore entrepreneurship without having to choose between completing their degree and building what’s next in AI.
"Mayfield has a proven track record of helping transform breakthrough ideas into iconic companies by investing in people first and meeting founders at the inception stage," said Navin Chaddha, managing partner at Mayfield. "We’re excited to build on the Mayfield AI Garage’s successful first year with students, and expand to Berkeley alumni who are building the future of AI."
The program reflects a distinctive partnership model between venture capital and a public research university, one that prioritizes student access, non-dilutive support, and long-term founder development over traditional early-stage investment structures.
"We’re seeing incredible AI innovation from our Berkeley community, and the Mayfield AI Garage gives students and young alumni the runway to develop their ideas without the pressure to compromise their education or give up ownership of their vision," said Caroline Winnett, Executive Director of Berkeley SkyDeck. "We’re excited to provide students and recent alumni a serious pathway to pursue entrepreneurship in a way that works for them."
The 2026 cohort will provide four winning teams – two undergraduate teams and two teams from Berkeley’s AI research labs – with comprehensive support including admittance to Berkeley SkyDeck’s highly competitive Pad-13 incubator program, acceptance into NVIDIA’s Inception program for startups, up to $350,000 in compute credits from Microsoft Azure, legal support from Orrick up to $25,000, and direct mentorship from Mayfield’s team.
"The inaugural year of this partnership proved remarkably successful and provided our students with access to critical elements of entrepreneurship, including access to mentorship, compute, capital, and – most importantly – to belief," said Jennifer Chayes, dean of the College of Computing, Data Science, and Society. "By lowering the barriers to entry, we’re empowering more students to test ideas, form teams, and build responsibly at the intersection of AI, science, and society."
The 2026 program is open to current UC Berkeley students and alumni who graduated within the past three years. Applications opened today and selected teams will be announced in April. The program will run from May through November 2026. Additional details about the program, eligibility, and application timelines are available at mayfield.ai/berkeley.
About Berkeley SkyDeck
Berkeley SkyDeck is a leading accelerator and the global hub for entrepreneurship. As UC Berkeley’s largest and most prominent accelerator, SkyDeck combines hands-on mentorship with the vast resources of its research university. SkyDeck is the only accelerator of its kind that offers the value of a dedicated investment fund alongside the resources and network of a top university. To date, SkyDeck startups have raised more than $2.7 billion in aggregate. Participating startups have access to SkyDeck’s 900 advisors, 70 industry partners, and a network of more than 613,000 UC Berkeley alumni. For more information, see skydeck.berkeley.edu.
About Mayfield
Mayfield partners with founders from day zero who see limitless possibilities where others see constraints. Drawing on our 55-year legacy of company building and people-first philosophy, we bring founder-to-founder expertise because we’ve built and scaled companies ourselves. We don’t just write checks – founders say our unwavering commitment sets us apart. We’ve celebrated over 120 IPOs and 225+ acquisitions, including breakthrough companies like HashiCorp, Lyft, Mammoth BioSciences, Marketo, Nuvia, Poshmark, ServiceMax, and SolarCity. From our Silicon Valley home, with $3 billion in assets under management, Mayfield is more excited than ever to back founders building the AI future where potential knows no bounds. Join us at mayfield.com.
About CDSS
The UC Berkeley College of Computing, Data Science, and Society (CDSS) creates accessible and equitable educational opportunities and catalyzes groundbreaking research to meet society’s greatest challenges. This new college is reimagining inclusive collaboration to tackle the technical, scientific, social, and human dimensions of urgent challenges in health and biomedicine, climate and sustainability, and more. CDSS considers critically the profound impacts of data and computing in a rapidly evolving digital world. For more information, see cdss.berkeley.edu.
Patriot.Tv's Jd Rucker Explains Billie Eilish's Comments on ICE, Offers ICE Commentary as Exhibit A of Celebrity Sound Bite Politics
By
Media News
4 min read • Published February 4, 2026
By
Media News
4 min read • Published February 4, 2026
Lack of objectivity has led to a decline in legacy programing ratings while Patriot.TV (CBMJ) growth exceeds Disney (DIS), Paramount Global (PARA), Comcast (CMCSA), Newsmax (NMAX), Sinclair (SBGI), Warner Bros. Discovery (WBD), and Fox Corp. (FOX).
ATLANTA, GEORGIA / ACCESS Newswire / February 4, 2026 / Conservative Broadcast Media & Journalism, Inc. (OTCID:CBMJ) On a recent broadcast of The JD Rucker Show, JD Rucker, President of Patriot.TV, delivered a pointed explanation of public remarks by Billie Eilish (one of our generations most respected artist) concerning U.S. Immigration and Customs Enforcement (ICE). While applauding her conviction to the issue, he used her comments as a high-profile example of what he described as "performance politics", activism driven by applause lines rather than facts, law, or context. An issue that is prevalent throughout the media as audiences increasingly do not read beyond headlines.
Rucker argued that regardless of ones view on the subject, Eilish’s statements reflected a broader celebrity trend: framing complex policy issues through emotionally charged soundbites that resonate with a narrow audience while bypassing legal realities and the larger societal picture. This does not reflect negatively on Eilish or her opinion but rather a broader trend to focus on one line sound bites during events that are intended for entertainment. The comments from the show can be seen in their entirety at www.patriot.tv
"When national policy is reduced to slogans, the public isn’t informed, it’s misled," Rucker said. He emphasized that immigration enforcement debates require consideration of statutory authority, humanitarian concerns, and long-term consequences, not just viral rhetoric.
Using Eilish’s remarks as a case study, Rucker expanded the discussion to a systemic issue across media and entertainment, where celebrity commentary often substitutes visibility for understanding. This narrative spans all sides of isle and although Eilish was merely expressing her personal opinion, he cautioned that this approach fuels polarization and undermines productive debate, particularly when amplified by platforms that reward attention over accuracy.
Independent Media Momentum vs. Legacy Media Decline
Rucker’s critique comes as Patriot.TV continues to gain traction with audiences seeking analysis over theatrics. Engagement trends increasingly favor independent platforms, while corporate broadcasters struggle to retain trust and attention. Audience erosion across legacy media has been widely observed at Fox Corporation, The Walt Disney Company, Comcast, NBC, Warner Bros. Discovery, CNN, and Paramount Global, CBS) underscoring a broader shift in where viewers place their time and trust.
The Grammys: From Cultural Event to Activism Stage, and the Audience Walked Away
Rucker also pointed to the Grammy Awards as a cautionary parallel. Over the past decade, the Grammys have experienced a sustained decline in viewership and cultural relevance, coinciding with a shift away from celebrating music toward recurring political and social messaging. Once a mass-appeal event drawing tens of millions, recent broadcasts ranked among the lowest in the show’s history.
Commentators increasingly note that as the program leaned into activism, many viewers disengaged entirely, choosing alternatives that deliver entertainment without ideological lectures. The result has been diminished anticipation, reduced advertiser enthusiasm, and a shrinking cultural footprint. "Audiences can handle disagreement," Rucker noted, "but they reject being talked down to by platforms that drift from their core mission."
For CBMJ and Patriot.TV, these trends reinforce a straightforward thesis: relevance is earned through substance, authenticity, and respect for the audience. As legacy institutions grapple with declining engagement, independent media that prioritize evidence-based discussion over applause lines are capturing attention and credibility, reshaping the competitive landscape.
About JD Rucker: JD Rucker is a journalist, commentator, President of Patriot.TV, and founder of multiple independent media outlets. Known for his investigative approach and principled conservatism, Rucker has built a reputation for challenging power, exposing corruption, and addressing the spiritual forces shaping modern politics. He also holds an executive leadership role at Patriot TV, where he has helped spearhead the platform’s rapid growth in audience and content.
About Patriot TV: Patriot TV is a conservative media network (and a wholly owned subsidiary of Conservative Broadcast Media & Journalism, Inc.) dedicated to defending liberty, faith, and the Constitution. Through original programming, investigative reporting, and unapologetic commentary, Patriot TV provides an alternative to corporate media narratives and serves a growing audience seeking truth without compromise. With a cutting-edge, multi-platform distribution strategy, Patriot TV reaches viewers via its website, social channels, and streaming apps, monetizing content through sponsorships, advertising, e-commerce, and subscriptions.
About Conservative Broadcast Media & Journalism, Inc. (OTCID:CBMJ): Conservative Broadcast Media & Journalism, Inc. (CBMJ) is a publicly traded media and digital broadcasting company focused on delivering conservative and faith-based content. Its wholly owned subsidiary, Patriot TV, serves as a premier destination for news, commentary, and original programming that reflects traditional American values. CBMJ’s portfolio also includes online news sites, e-commerce properties, and other media assets aligned with its America-first, pro-freedom mission. For more information, visit Patriot.TV.
Media Contact: Mark Schaftlein – CEO, Conservative Broadcast Media & Journalism (877) 704-6773
SOURCE: Conservative Broadcast Media & Journalism, Inc.
Reservoir Media Announces Third Quarter Fiscal 2026 Results
By
Media News
13 min read • Published February 4, 2026
By
Media News
13 min read • Published February 4, 2026
Double-Digit Growth in Music Publishing Driven by Performance and Digital Revenues
Raised Midpoint of Revenue and Adjusted EBITDA Outlook for Fiscal 2026
NEW YORK CITY, NY / ACCESS Newswire / February 4, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced financial results for the third quarter of fiscal 2026 ended December 31, 2025.
Recent Highlights:
Revenue of $45.6 million, increased 5% organically, or 8% including acquisitions year-over-year
Music Publishing Revenue rose 12% year-over-year
Recorded Music Revenue increased by 8% year-over-year
Operating Income of $10.3 million, increased by 8% year-over-year
OIBDA ("Operating Income Before Depreciation & Amortization") of $18.1 million, an increase of 11% year-over-year
Net Income of $2.2 million, or $0.03 per share, compared to net income of $5.3 million, or $0.08 per share year-over-year
Adjusted EBITDA of $19.2 million, up 11% year-over-year
Entered a joint venture with Jamaican and dancehall music publisher Abood Music and genre star Cordell "Skatta" Burrell
Acquired the catalog of yacht rock icon and singer-songwriter Bertie Higgins, including publishing and recorded music rights
Announced publishing deals with female-led disco-soul group Say She She, 2x-Platinum selling country and pop songwriter Allison Veltz Cruz, and multi-genre songwriter-producer Britten Newbill
Extended publishing agreement with multi-platinum Indian hip-hop artist DIVINE
Management Commentary:
"This quarter, we continued to execute with focus and discipline, advancing our top-line objectives while maintaining strong cost and balance sheet control," said Golnar Khosrowshahi, Founder and Chief Executive Officer of Reservoir Media. "Across a range of new deals this quarter, spanning emerging talent and enduring cultural icons, and with our commitment to creators at the forefront of everything we do, Reservoir remains a trusted global partner. Our strong, diversified pipeline positions us well to continue to execute on transactions while delivering attractive returns."
Third Quarter Fiscal 2026 Financial Results
Summary Financials
Q3 FY26
Q3 FY25
Change
Total Revenue
$45.6
$42.3
8%
Music Publishing Revenue
$30.1
$26.9
12%
Recorded Music Revenue
$12.9
$12.0
8%
Operating Income
$10.3
$9.6
8%
OIBDA
$18.1
$16.3
11%
Net Income
$2.2
$5.3
(59%)
Adjusted EBITDA
$19.2
$17.3
11%
(Table Notes: $ in millions; Quarters ended December 31st; Unaudited)
Total revenue in the third quarter of fiscal 2026 increased 8% to $45.6 million, compared to $42.3 million in the third quarter of fiscal 2025. This increase was driven by a 12% increase in Music Publishing revenue, alongside an 8% increase in Recorded Music revenue, largely attributable to an increase in Digital revenue from the acquisition of additional music catalogs and continued growth at music streaming services.
Operating income in the third quarter of fiscal 2026 was $10.3 million compared to operating income of $9.6 million in the third quarter of fiscal 2025. OIBDA in the third quarter of fiscal 2026 increased 11% to $18.1 million, compared to $16.3 million in the prior year’s quarter. Adjusted EBITDA in the third quarter of fiscal 2026 increased 11% to $19.2 million, compared to $17.3 million last year, primarily because of an increase in total revenues, partially offset by an increase in administrative expenses. See below for calculations and reconciliations of OIBDA and Adjusted EBITDA to operating income and net income, respectively.
Net income in the third quarter of fiscal 2026 was $2.2 million, or $0.03 per share, compared to net income of $5.3 million, or $0.08 per share, in the year-ago quarter. The decrease in net income was primarily driven by a loss on fair value of swaps compared to a gain in the prior year period as well as increased interest expense, and change in other income, partially offset by an increase in operating income and a decrease in income tax expense.
Third Quarter Fiscal 2026 Segment Review
Music Publishing
Q3 FY26
Q3 FY25
Change
Revenue by Type
Digital
$17.4
$16.7
5%
Performance
$6.2
$4.4
42%
Synchronization
$4.6
$4.1
11%
Mechanical
$0.6
$0.9
(37%)
Other
$1.3
$0.8
66%
Total Revenue
$30.1
$26.9
12%
OIBDA
$11.0
$9.1
21%
(Table Notes: $ in millions; Quarters ended December 31st; Unaudited)
Music Publishing Revenue in the third quarter of fiscal 2026 was $30.1 million, an increase of 12% compared to $26.9 million in last fiscal year’s third quarter. The increase was mainly due to an increase in Performance revenue driven by the strong results from hit songs and an increase in Digital revenue due to the acquisition of additional catalogs and continued growth at music streaming services.
In the third quarter of fiscal 2026, Music Publishing OIBDA increased 21% to $11.0 million, compared to $9.1 million in the third quarter of fiscal 2025. Music Publishing OIBDA margin in the third quarter increased from 34% to 37%. The increase in Music Publishing OIBDA was driven by an increase in revenues, and the increase in OIBDA margin reflects decreases in cost of revenue and administration expenses as a percentage of revenues.
Recorded Music
Q3 FY26
Q3 FY25
Change
Revenue by Type
Digital
$9.3
$8.1
15%
Physical
$1.9
$2.0
(6%)
Neighboring Rights
$1.1
$0.9
29%
Synchronization
$0.5
$1.0
(47%)
Total Revenue
$12.9
$12.0
8%
OIBDA
$6.7
$6.4
5%
(Table Notes: $ in millions; Quarters ended December 31st; Unaudited)
Recorded Music Revenue in the third quarter of fiscal 2026 was $12.9 million, an increase of 8% compared to $12.0 million in last year’s third quarter. The increase was driven by an increase in Digital revenue driven by the acquisition of catalogs and continued growth at music streaming services and an increase in Neighboring Rights revenue.
In the third quarter of fiscal 2026, Recorded Music OIBDA increased 5%, to $6.7 million, compared to $6.4 million in the third quarter of fiscal 2025. This increase primarily reflects an increase in revenues. Recorded Music OIBDA margin in the third quarter decreased to 52% compared to 53% in the prior-year quarter, primarily reflecting an increase in administration expenses as a percentage of revenues.
Balance Sheet and Liquidity
For the nine months ended December 31, 2025, cash provided by operating activities was $38.2 million, an increase of $5.1 million compared to the same period last year, primarily due to an increase in OIBDA and in cash provided by working capital.
As of December 31, 2025, Reservoir had cash and cash equivalents of $20.6 million and $94.2 million available for borrowing under its revolving credit facility, for total available liquidity of $114.8 million. Total Debt was $452.3 million (net of $3.6 million of deferred financing costs) and Net Debt was $431.7 million (defined as total debt, less cash and equivalents and deferred financing costs). This compares to cash and cash equivalents of $21.4 million and $58.2 million available for borrowing under its revolving credit facility, for total available liquidity of $79.6 million as of March 31, 2025. Total debt was $388.1 million (net of $3.7 million of deferred financing costs) and Net Debt was $366.7 million as of March 31, 2025.
Fiscal Year 2026 Outlook
Reservoir increased its previously provided financial outlook ranges for fiscal year 2026, and expects the financial results for the year ending March 31, 2026, to be as follows:
Outlook
Guidance
Growth
(at mid-point)
Revenue
$170M – $173M
8%
Adjusted EBITDA
$71.5M – $73.5M
10%
Jim Heindlmeyer, Chief Financial Officer of Reservoir, stated, "Our financial results through the first three fiscal quarters underscore the strength of our portfolio of talent and our disciplined approach to sourcing deals with strong fundamentals and compelling return potential. We are raising our guidance ranges for both revenue and adjusted EBITDA for the full 2026 fiscal year."
Conference Call Information
Reservoir is hosting a conference call for analysts and investors to discuss its financial results for the third quarter for fiscal year ending March 31, 2026 at 10:00 a.m. EST today, February 4, 2026. The conference call can be accessed via webcast in the Investor Relations section of the Company’s website at https://investors.reservoir-media.com/news-and-events/events-and-presentations.
Interested parties may also participate in the call using the following registration link: Here. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. Participants may re-register for the conference call in the event of a lost dial-in number or PIN. Shortly after the conclusion of the conference call, a replay of the audio webcast will be available in the investor relations section of Reservoir’s website for 30 days after the event.
About Reservoir Media, Inc.
Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. Reservoir is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir represents copyrights and master recordings including titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir frequently holds a Top 10 U.S. Market Share according to Billboard’s Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide’s The A&R Awards and won Independent Publisher of the Year at the 2020 and 2022 Music Week Awards.
Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Music, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Forward-looking statements are typically identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "outlook," "plan," "possible," "potential," "predict," "project," "should," "target," "would" and other similar words and expressions. Forward-looking statements in this press release relate to, among other things: Reservoir’s anticipated financial condition, results of operations and performance, expected growth, plans and objectives for future operations, business prospects and market conditions. Forward-looking statements are based on the current expectations and beliefs of management and information currently available to management. These statements are inherently subject to a number of risks, uncertainties and assumptions, many of which are outside of our control and could cause future events or results to be materially different from those stated or implied in this press release, including the risk factors that are described in Reservoir’s Annual Report on Form 10-K for the year ended March 31, 2025 and our other filings with the SEC available on the SEC’s website at www.sec.gov or Reservoir’s website at www.reservoir-media.com. Any forward-looking statement made in this press release speaks only as of the date on which it is made and Reservoir undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Reservoir Media, Inc. and Subsidiaries Condensed Consolidated Statements of Income Three and Nine Months Ended December 31, 2025 versus December 31, 2024 (Unaudited) (Expressed in U.S. dollars)
Three Months Ended December 31,
Nine Months Ended December 31,
2025
2024
% Change
2025
2024
% Change
Revenues
$
45,567,879
$
42,303,716
8
%
$
128,167,223
$
117,287,952
9
%
Costs and expenses:
Cost of revenue
16,197,952
15,068,042
7
%
45,922,872
43,180,529
6
%
Amortization and depreciation
7,789,274
6,713,621
16
%
22,659,874
19,528,397
16
%
Administration expenses
11,253,191
10,964,096
3
%
33,123,780
29,937,510
11
%
Total costs and expenses
35,240,417
32,745,759
8
%
101,706,526
92,646,436
10
%
Operating income
10,327,462
9,557,957
8
%
26,460,697
24,641,516
7
%
Interest expense
(6,584,013
)
(5,776,861
)
(19,621,628
)
(15,796,667
)
(Loss) gain on foreign exchange
(88,508
)
(76,431
)
619,896
(172,242
)
(Loss) gain on fair value of swaps
(270,380
)
3,084,761
(1,583,543
)
(2,532,441
)
Other (expense) income, net
(103,113
)
509,263
(357,596
)
410,774
Income before income taxes
3,281,448
7,298,689
5,517,826
6,550,940
Income tax expense
1,078,418
1,987,150
1,754,665
1,540,589
Net income
2,203,030
5,311,539
3,763,161
5,010,351
Net (income) loss attributable to noncontrolling interests
(7,045
)
(67,448
)
135,006
72,100
Net income attributable to Reservoir Media, Inc.
$
2,195,985
$
5,244,091
$
3,898,167
$
5,082,451
Earnings per common share:
Basic
$
0.03
$
0.08
$
0.06
$
0.08
Diluted
$
0.03
$
0.08
$
0.06
$
0.08
Weighted average common shares outstanding:
Basic
65,600,855
65,240,858
65,512,938
65,133,225
Diluted
66,331,466
66,106,474
66,217,667
65,906,440
Reservoir Media, Inc. and Subsidiaries Condensed Consolidated Balance Sheets December 31, 2025 versus March 31, 2025 (Unaudited) (Expressed in U.S. dollars)
December 31, 2025
March 31, 2025
Assets
Current assets
Cash and cash equivalents
$
20,591,354
$
21,386,140
Accounts receivable
37,055,363
37,848,611
Current portion of royalty advances
15,328,098
15,182,463
Other current assets
4,865,554
4,867,081
Total current assets
77,840,369
79,284,295
Intangible assets, net
797,168,961
719,673,219
Equity method and other investments
2,578,144
1,100,000
Royalty advances, net of current portion and reserves
54,144,766
55,508,155
Property and equipment, net
530,554
406,784
Operating lease right of use assets, net
7,259,255
5,949,418
Fair value of swap assets
642,406
1,828,303
Other assets
1,740,980
1,376,836
Total assets
$
941,905,435
$
865,127,010
Liabilities
Current liabilities
Accounts payable and accrued liabilities
$
5,853,767
$
5,394,755
Royalties payable
47,896,461
47,210,727
Accrued payroll
1,599,390
2,588,758
Deferred revenue
4,063,269
1,885,462
Other current liabilities
6,204,969
7,954,208
Income taxes payable
11,844
803,342
Total current liabilities
65,629,700
65,837,252
Secured line of credit
452,259,334
388,134,754
Deferred income taxes
40,853,064
38,228,099
Operating lease liabilities, net of current portion
This press release includes certain financial information, such as OIBDA, OIBDA margin, EBITDA, Adjusted EBITDA, and Net Debt, which has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Reservoir’s management uses these non-GAAP financial measures to evaluate Reservoir’s operations, measure its performance and make strategic decisions. Reservoir believes that the use of these non-GAAP financial measures provides useful information to investors and others in understanding Reservoir’s results of operations and trends in the same manner as Reservoir’s management and in evaluating Reservoir’s financial measures as compared to the financial measures of other similar companies, many of which present similar non-GAAP financial measures. However, these non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by Reservoir’s management about which items are excluded or included in determining these non-GAAP financial measures and, therefore, should not be considered as a substitute for net income, operating income or any other operating performance measures calculated in accordance with GAAP. Using such non-GAAP financial measures in isolation to analyze Reservoir’s business would have material limitations because the calculations are based on the subjective determination of Reservoir’s management regarding the nature and classification of events and circumstances. In addition, although other companies in Reservoir’s industry may report measures titled OIBDA, OIBDA margin, Adjusted EBITDA, and Net Debt, or similar measures, such non-GAAP financial measures may be calculated differently from how Reservoir calculates such non-GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, such non-GAAP financial measures should be considered alongside other financial performance measures and other financial results presented in accordance with GAAP. You can find the reconciliation of these non‐GAAP financial measures to the nearest comparable GAAP measures in the tables below.
OIBDA
Reservoir evaluates operating performance based on several factors, including its primary financial measure of operating income before non-cash depreciation of tangible assets and non-cash amortization of intangible assets ("OIBDA"). Reservoir considers OIBDA to be an important indicator of the operational strengths and performance of its businesses and believes this non-GAAP financial measure provides useful information to investors because it removes the significant impact of amortization from Reservoir’s results of operations. However, a limitation of the use of OIBDA as a performance measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in Reservoir’s businesses and other non-operating income (loss). Accordingly, OIBDA should be considered in addition to, not as a substitute for, operating income, net income attributable to us and other measures of financial performance reported in accordance with GAAP. In addition, our definition of OIBDA may differ from similarly titled measures used by other companies. OIBDA Margin is defined as OIBDA as a percentage of revenue.
EBITDA and Adjusted EBITDA
EBITDA is defined as earnings (net income or loss) before net interest expense, income tax (benefit) expense, non-cash depreciation of tangible assets and non-cash amortization of intangible assets and is used by management to measure operating performance of the business. Adjusted EBITDA, in addition to adjusting net income to exclude income tax expense, interest expense and depreciation and amortization, further adjusts net income by excluding items or expenses such as, among others, (1) any non-cash charges (including any impairment charges and loss on early extinguishment of debt and to write-down an equity investment to its estimated fair value), (2) any net gain or loss on foreign exchange, (3) any net gain or loss resulting from interest rate swaps, (4) equity-based compensation expense and (5) certain unusual or non-recurring items.
Adjusted EBITDA is a key measure used by Reservoir’s management to understand and evaluate operating performance, generate future operating plans, and make strategic decisions regarding the allocation of capital. However, certain limitations on the use of Adjusted EBITDA include, among others, (1) it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenue for Reservoir’s business, (2) it does not reflect the significant interest expense or cash requirements necessary to service interest or principal payments on Reservoir’s indebtedness and (3) it does not reflect every cash expenditure, future requirements for capital expenditures or contractual commitments. In particular, Adjusted EBITDA measure adds back certain non-cash, unusual or non-recurring charges that are deducted in calculating net income; however, these are expenses that may recur, vary greatly and are difficult to predict. In addition, Adjusted EBITDA is not the same as net income or cash flow provided by operating activities as those terms are defined by GAAP and does not necessarily indicate whether cash flows will be sufficient to fund cash needs.
Net Debt
Reservoir defines Net Debt as total debt, less cash and equivalents and deferred financing costs.
Reservoir Media, Inc. and Subsidiaries Reconciliation of Operating Income to OIBDA Three and Nine Months Ended December 31, 2025 versus December 31, 2024 (Unaudited) (Dollars in thousands)
For the Three Months Ended December 31,
For the Nine Months Ended December 31,
2025
2024
2025
2024
Revenues
$
45,568
$
42,304
$
128,167
$
117,288
Cost of revenue
16,198
15,068
45,923
43,181
Administration expenses
11,253
10,964
33,124
29,938
OIBDA
18,117
16,272
49,121
44,170
Amortization and depreciation
7,789
6,714
22,660
19,528
Operating income
$
10,327
$
9,558
$
26,461
$
24,642
Reservoir Media, Inc. and Subsidiaries Music Publishing Segment OIBDA Three and Nine Months Ended December 31, 2025 versus December 31, 2024 (Unaudited) (Dollars in thousands)
For the Three Months Ended December 31,
For the Nine Months Ended December 31,
2025
2024
2025
2024
Revenues
$
30,122
$
26,893
$
85,930
$
79,489
Cost of revenue
12,617
11,731
36,101
34,149
Administration expenses
6,462
6,014
19,907
18,449
OIBDA
$
11,042
$
9,148
$
29,922
$
26,891
Reservoir Media, Inc. and Subsidiaries Recorded Music Segment OIBDA Three and Nine Months Ended December 31, 2025 versus December 31, 2024 (Unaudited) (Dollars in thousands)
For the Three Months Ended December 31,
For the Nine Months Ended December 31,
2025
2024
2025
2024
Revenues
$
12,873
$
11,964
$
36,299
$
32,287
Cost of revenue
3,581
3,337
9,822
9,032
Administration expenses
2,565
2,229
8,300
7,002
OIBDA
$
6,727
$
6,398
$
18,177
$
16,253
Reservoir Media, Inc. and Subsidiaries Reconciliation of Net Income to Adjusted EBITDA Three and Nine Months Ended December 31, 2025 versus December 31, 2024 (Unaudited) (Dollars in thousands)
For the Three Months Ended December 31,
For the Nine Months Ended December 31,
2025
2024
2025
2024
Net Income
$
2,203
$
5,312
$
3,763
$
5,010
Income Tax Expense
1,078
1,987
1,755
1,541
Interest Expense
6,584
5,777
19,622
15,797
Amortization and Depreciation
7,789
6,714
22,660
19,528
EBITDA
17,654
19,790
47,800
41,876
Loss (Gain) on Foreign Exchange(a)
89
76
(620
)
172
Loss (Gain) on Fair Value of Swaps(b)
270
(3,085
)
1,584
2,532
Non-cash Share-based Compensation(c)
1,092
1,006
3,339
3,334
Other Expense (Income), Net(d)
103
(509
)
358
(411
)
Adjusted EBITDA
$
19,208
$
17,278
$
52,461
$
47,504
(a) Reflects the loss or (gain) on foreign exchange fluctuations. (b) Reflects the non-cash loss or (gain) on the mark-to-market of interest rate swaps. (c) Reflects non-cash share-based compensation expense related to the Reservoir Media, Inc. 2021 Omnibus Incentive Plan. (d) Reflects Reservoir’s share of losses recorded by equity method investments during the three and nine months ended December 31, 2025. Reflects a gain recorded on the disposal of an equity investment (the "Investment Gain") and the Company’s share of proceeds related to underreported royalty usage for an acquired Recorded Music catalog that pertained to periods prior to the Company’s acquisition of the catalog ("Recovery Income") during the three months ended December 31, 2024. Reflects the Investment Gain and Recovery Income, partially offset by Reservoir’s share of the loss recorded by an equity method investment during the nine months ended December 31, 2024.
