markets

Blue Owl Capital Corp falls after cutting its dividend

Blue Owl Capital Corp reported lower-than-expected total investment income in Q1 and declared a dividend of $0.31 per share, down from an announced $0.37 in Q4.

Shares are down nearly 4% in premarket trading.

The business development company managed by Blue Owl Capital is front and center when it comes to worries about private credit, an asset class that’s faced a surge in redemption requests as investors worry about deteriorating loan quality.

This report follows Blue Owl Capital’s results last week, where the firm highlighted strong fee-related earnings and continued capital commitments — effectively, that other parts of their business were more than offsetting any conniptions in private credit. Executives sought to downplay the redemption concerns, describing the recent waves as more "headline driven, not fundamental driven.”

Nonetheless, sentiment toward the asset class remains fragile. Brown University announced last Friday that it is cutting its stake in OBDC by roughly 53%, slashing exposure to one of Blue Owl’s flagship listed credit vehicles even as it maintained holdings in the parent manager.

More Markets

See all Markets

markets

Helena Cheng10m

Peloton jumps on surprisingly strong Q3 cash flow generation, boost to outlook

Peloton shares are jumping in premarket trading after the company reported a modest Q3 sales beat while generating surprisingly strong cash flows.

The key numbers:

Revenue: $630.9 million (estimate: $617.6 million)
Adjusted EBITDA: $126.2 million ($128.7 million)
Free cash flow: $150.5 million (estimate: $54.2 million)

For full year 2026, Peloton nudged up its revenue guidance to a range of $2.42 billion to $2.44 billion, and also boosted its adjusted-EBITDA and free-cash-flow outlooks.

Peloton has spent the last few years working through the aftermath of its pandemic-era hardware boom. The company announced a series of product updates last year in October featuring updated Cross Training Bikes and treadmills that include AI-powered form tracking and stronger processors.

Under CEO Peter Stern, the company is pivoting toward new growth levers by renewing efforts to expand content distribution and reach commercial markets. This includes the launch of the "Peloton Commercial Series" for high-use environments, which helped drive a 14% year-over-year increase in commercial business revenue.

A pillar of this strategy is the global partnership with Spotify. By integrating over 1,400 on-demand Peloton fitness classes into a new "Fitness" hub for Spotify Premium members, the company aims to reach new audiences outside its own hardware ecosystem.

markets

J. Edward Moreno1h

McDonald's Q1 results come in above Wall Street estimates

McDonald’s rose in premarket trading after it reported earnings results that came in above Wall Street expectations.

For the first three months of 2026, the fast food giant reported:

$6.51 billion in revenue, compared to $6.47 billion analysts polled by FactSet were expecting.
Same-store sales growth of 3.8%, compared to the 3.7% growth analysts were penciling in. US same-store sales grew 3.9%, above the 3.7% that was expected, driven by higher spending per visit.
Adjusted earnings per share of $2.83, compared to the $2.75 the Street was expecting.

CEO Chris Kempczinski said the company was able to deliver the sales beat “even in a challenging environment” thanks in part to its value meals and marketing campaigns. It also saw sales growth in international stores.

markets

DoorDash jumps on better-than-expected Q1 earnings, Q2 order outlook

DoorDash is up more than 10% in premarket trading Thursday after the delivery company beat Q1 earnings estimates and gave a stronger-than-expected Q2 gross order value outlook.

While revenue in the first quarter jumped 33% year on year to $4.04 billion, falling short of analysts estimates of $4.14 billion, earnings per share came in at $0.42 to top the $0.36 estimate. Gross order value — the total dollar value of all orders completed on the platform — rose 37% to $31.6 billion, also above the $31.5 billion expected.

DoorDash said order growth was driven mainly by more its consumer base growing, plus a boost from its acquisition of the British delivery app Deliveroo, which is “seeing the highest growth rates it has in the past four years,” CEO Tony Xu said on yesterday’s earnings call.

The second quarter is “off to a good start” with strong demand, CFO Ravi Inukonda said, and DoorDash now forecasts gross order value of $32.4 billion to $33.4 billion, ahead of analyst estimates of $32.43 billion at the midpoint. The company also expects $770 million - $870 million in adjusted EBITDA, with the midpoint falling short of the $830 million expected. DoorDash cited more than $50 million in expected costs from its driver gas-relief program amid the Iran war-driven surge in oil and gas prices, though it plans to offset at least some of that by “adjusting investment in other areas,” per the statement.

Doordash continues to invest heavily in AI tools and newer categories like electronics, apparel and auto parts, as well as restaurant reservation features through SevenRooms, which it acquired last year.

markets

J. Edward Moreno3h

Snap ends Perplexity deal, says advertising business took a hit from “geopolitical headwinds” in Q1

Snapis down some 10% in premarket trading after its first quarter earnings results hit estimates but pointed to cracks in its advertising business and said it ended an AI deal.

Snap reported reported $1.26 billion in advertising revenue for the first quarter, which was a hair under the $1.27 billion analysts polled by FactSet were penciling in, and included a “$20 to $25 million impact from the geopolitical headwinds in the Middle East experienced during March.”

It reported $1.53 billion in total revenue for the first quarter, which was in line with estimates, and $0.10 adjusted earnings per share — broadly in-line with expectations. Subscriptions, while still a relatively small chunk of revenue, are fueling the company’s sales growth as its advertising business stagnates.

The company told investors it expects revenue in the second quarter to land between $1.52 billion and $1.55 billion, also line with analysts’ estimates, but warned “large advertisers in North America remained a headwind.” That guidance also assumes no contribution from its $400 million deal with Perplexity, which it announced in November and said has now ended “amicably.”

markets

Luke Kawa & J. Edward Moreno16h

Arm Holdings drops after blistering run, as executives say they don’t yet have the supply to meet surging demand

Arm Holdings fell in premarket trading on Thursday after executives said they do not currently have the supply to meet soaring demand for its data center CPUs, which were launched in late March.

Shares initially jumped after the bell yesterday after ARM said it has line of sight to more than $2 billion of customer demand for its AGI CPUs booked across fiscal 2027 and fiscal 2028, “more than double what we stated at launch.” The company said it already has 50% market share for CPU compute among top hyperscalers.

“Soon the data center will be Arm’s largest business,” the company said.

But executives said the company hasn’t yet secured the supply to meet that $2 billion demand. It maintained its AGI CPU revenue outlook of $1 billion “while we pursue supply chain capacity,” its Chief Financial Officer Jason Child told analysts. It also expects to report adjusted earnings per share at $0.40, compared to $0.38 estimates.

The company's shares had been on a blistering run into earnings, gaining 65% in the last month — this morning's dip leaves most of those gains intact.

The company posted an otherwise ho-hum set of quarterly results. For the fourth quarter of its 2026 financial year, Arm reported:

$1.49 billion in revenue, above the $1.47 billion analysts polled by FactSet were expecting. The beat was driven by growth in its licensing segment while its royalties segment missed expectations.
Earnings per share of $0.60, above the $0.58 the Street was penciling in.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.

©2026 Sherwood Media, LLC