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PayPal's new CEO makes Venmo a standalone business unit as potential buyers circle

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PayPal's new CEO makes Venmo a standalone business unit as potential buyers circle

PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.

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Universal Music Group N.V. (UNVGY) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good evening, and welcome to Universal Music Group’s First Quarter Earnings Call for the period ended March 31, 2026. My name is Gavin and I will be your conference operator today. Your speakers for today’s call will be Sir Lucian Grainge, Chairman and CEO of Universal Music Group; and Matt Ellis, Chief Financial Officer. They will be joined during Q&A by Michael Nash, Chief Digital Officer; and Boyd Muir, Chief Operating Officer. [Operator Instructions]

As a reminder, this call is being recorded. Please also let me remind you that management’s commentary and responses to questions on today’s call may include forward-looking statements, which, by their nature, are uncertain and outside of the company’s control. Although these forward-looking statements are based on management’s current expectations and beliefs, actual results may vary in a material way.

For a discussion of some of the factors that could cause actual results to differ from expected results, please see the Risk Factors section of UMG’s 2025 annual report, which is available on the Investor Relations page of UMG’s website at universalmusic.com. Management’s commentary will also refer to non-IFRS measures on today’s call. Reconciliations are available in the press release on the Investor Relations page of UMG’s website.

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Thank you. Sir Lucian, you may begin your conference.

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Extra Space Storage Inc. (EXR) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-04-28 Earnings Summary

EPS of $1.14 beats by $0.04

 | Revenue of $733.21M (4.09% Y/Y) beats by $5.50M

Extra Space Storage Inc. (EXR) Q1 2026 Earnings Call April 29, 2026 1:00 PM EDT

Company Participants

Jared Conley – Vice President of Financial Planning Analysis
Joseph Margolis – CEO & Director
Jeff Norman – Executive VP & CFO

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Conference Call Participants

Michael Goldsmith – UBS Investment Bank, Research Division
Samir Khanal – BofA Securities, Research Division
Brendan Lynch – Barclays Bank PLC, Research Division
Ravi Vaidya – Mizuho Securities USA LLC, Research Division
Eric Wolfe – Citigroup Inc., Research Division
Viktor Fediv – Scotiabank Global Banking and Markets, Research Division
Juan Sanabria – BMO Capital Markets Equity Research
Michael Griffin – Evercore ISI Institutional Equities, Research Division
Ronald Kamdem – Morgan Stanley, Research Division
Todd Thomas – KeyBanc Capital Markets Inc., Research Division
Salil Mehta – Green Street Advisors, LLC, Research Division
Caitlin Burrows – Goldman Sachs Group, Inc., Research Division
Eric Luebchow – Wells Fargo Securities, LLC, Research Division
Michael Mueller – JPMorgan Chase & Co, Research Division

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Presentation

Operator

Hello, everyone. Thank you for joining us, and welcome to Extra Space Storage Inc. Q1 2026 Earnings Call. [Operator Instructions]

I will now hand the conference over to Jared Conley, Vice President of Investor Relations. Please go ahead.

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Jared Conley
Vice President of Financial Planning Analysis

Thanks, Karen. Welcome to Extra Space Storage’s First Quarter 2026 Earnings Call. In addition to our press release, we have furnished unaudited supplemental financial information on our website.

Please remember that management’s prepared remarks and answers to your questions may contain forward-looking statements as defined in the Private Securities Litigation Reform Act. Actual results could differ materially from those stated or implied by our forward-looking statements due to risks and uncertainties associated with the company’s business. These forward-looking statements are qualified by the cautionary statements contained in the company’s latest filings with the SEC, which we encourage our listeners to review. Forward-looking statements represent management’s estimates as of today, April

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Google parent Alphabet’s cloud unit beats quarterly revenue estimates on strong AI demand

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Google parent Alphabet's cloud unit beats quarterly revenue estimates on strong AI demand
Alphabet topped Wall Street estimates for quarterly revenue growth at its cloud computing unit on Wednesday, driven by sustained enterprise spending on artificial-intelligence infrastructure.

Shares of the company were up about 4% in extended trading.

Alphabet’s total revenue rose 22% to $109.9 billion in the first quarter, compared with an estimate of $107.2 billion, according to LSEG data.

Revenue at Google Cloud grew 63% to $20 billion in the first quarter ended March, compared with analysts’ ‌average estimate ⁠of a ⁠50.1% increase, according to data compiled by LSEG.

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The cloud unit’s backlog nearly doubled quarter on quarter to over $460 billion, the company said.


The third-largest cloud services provider globally, behind Amazon Web Services and Microsoft’s Azure, has continued to land major deals, including expanded AI infrastructure partnerships with Meta and cybersecurity firm Palo Alto Networks.
The results underscore Alphabet’s position as a key beneficiary of a global surge in spending on artificial intelligence, even as investors remain watchful of whether massive outlays ⁠on infrastructure ‌will translate into sustained growth and market share gains. Strong demand for cloud-based AI services continues to outstrip supply across the industry, pushing hyperscalers to accelerate investments in ⁠data centers, advanced chips and networking equipment.

Alphabet, Microsoft, Amazon and Meta are expected to collectively spend well over $600 billion this year to expand AI capacity, as competition intensifies and companies race to secure computing power.

Google Cloud’s performance comes at a time when rivals have delivered mixed signals on growth, helping ease concerns about potential market share losses for Alphabet in the highly competitive cloud market.

At the same time, capacity constraints remain a bottleneck across the sector, limiting providers’ ability to fully capitalize on AI-driven demand ‌despite aggressive spending plans.

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Alphabet has also gained traction in its in-house AI efforts. Its Gemini models, including newer iterations rolled out this year, have seen rising adoption across enterprise and consumer applications, strengthening ⁠the company’s position in the AI race.

A partnership to power Apple’s artificial intelligence features, including upgrades to Siri, is expected to significantly expand Google’s reach across a vast global device base.

Alphabet shares have outperformed most Big Tech peers over the past year, supported by growing signs that AI integration is lifting its core search and advertising businesses.

AI-driven features such as AI Overviews and AI Mode continue to boost user engagement, while opening new avenues for monetization. The company has expanded ads within AI-generated responses across multiple markets and said monetization is broadly in line with traditional search.

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United Airlines pilot reports possible drone strike near San Diego airport

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United Airlines pilot reports possible drone strike near San Diego airport

A United Airlines pilot reported a potential collision with a drone Wednesday morning while approaching its destination at San Diego International Airport, according to a flight audio recording.

The flight, a Boeing 737 that departed from San Francisco, reportedly struck the object at an altitude of roughly 3,000 to 4,000 feet — well above the elevation typically permitted for drones under federal regulations. 

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“We hit a drone at around 3,000 feet,” the pilot said, according to a recording with air traffic controllers posted by ATC.com and shared on social media.

He added that the incident occurred as the plane was approaching landing.

WHAT A GOVERNMENT STAKE IN SPIRIT AIRLINES COULD MEAN FOR PASSENGERS AND THE INDUSTRY

United Airlines

A United Airlines passenger plane flies over the sky near San Francisco, California, United States, on October 7, 2022.  (Tayfun Coskun/Anadolu Agency via Getty Images)

The airline told FOX Business the plane did report a drone encounter, but the company could not confirm whether it struck the device.

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“United flight 1980 reported a potential drone prior to arriving in San Diego,” the company said. 

“While approaching San Diego International Airport at about 4,000 feet altitude, the crew of United Airlines Flight 1980 told air traffic control they believed they saw a drone 1,000 feet below them,” the Federal Aviation Administration added in a statement to FOX Business.  

CHEVRON CEO WARNS AVIATION STRAIN COULD WORSEN AS JET FUEL CRUNCH DEEPENS

drone flying over hills

A drone is flying over the hills during sunset. (iStock)

According to the audio recording, the pilot described the object as a very small, red, shiny drone heading west.

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The reported collision did not appear to affect the flight, which was carrying 48 passengers and six crew members, the company said.

United Airlines said the flight landed safely and passengers deplaned normally at the gate.

Maintenance crews also found no damage from the reported collision following a thorough inspection of the aircraft.

Ticker Security Last Change Change %
UAL UNITED AIRLINES HOLDINGS INC. 88.62 -1.79 -1.98%

The FAA added that no other nearby pilots reported seeing a drone.

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“Air traffic control alerted other pilots but did not receive any additional drone-sighting reports,” the agency said. 

San Francisco International Airport (SFO)

A United Airlines plane takes off from San Francisco International Airport (SFO) in San Francisco, California, United States on March 23, 2026.  (Tayfun Coskun/Anadolu via Getty Images)

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Drone operations, especially near an airport, are strictly regulated by the FAA.

Depending on the location, drones operating without a waiver are prohibited from flying within several miles of an airport, with altitude limits that typically cap operations at just a few hundred feet.

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Postal Realty Trust: Government-Backed Cash Flows, Private Market Returns (NYSE:PSTL)

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Postal Realty Trust: Government-Backed Cash Flows, Private Market Returns (NYSE:PSTL)

This article was written by

Steven Cress is VP of Quantitative Strategy and Market Data at Seeking Alpha. Steve is also the creator of the platform’s quantitative stock rating system and many of the analytical tools on Seeking Alpha. His contributions form the cornerstone of the Seeking Alpha Quant Rating system, designed to interpret data for investors and offer insights on investment directions, thereby saving valuable time for users. He is also the Founder and Co-Manager of Alpha Picks, a systematic stock recommendation tool designed to help long-term investors create a best-in-class portfolio.Steve is passionate and dedicated to removing emotional biases from investment decisions. Utilizing a data-driven approach, he leverages sophisticated algorithms and technologies to simplify complex, laborious investment research, creating an easy-to-follow, daily updated grading system for stock trading recommendations.Steve was previously the Founder and CEO of CressCap Investment Research until its acquisition by Seeking Alpha in 2018 for its unparalleled quant analysis and market data capabilities. Prior to that, he had also founded the quant hedge fund Cress Capital Management, after spending most of his career running a proprietary trading desk at Morgan Stanley and leading international business development at Northern Trust.With over 30 years of experience in equity research, quantitative strategies, and portfolio management, Steve is well-positioned to speak on a wide range of investment topics.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given that any particular security, portfolio, transaction or investment strategy is suitable for any specific person. The author is not advising you personally concerning the nature, potential, value or suitability of any particular security or other matter. You alone are solely responsible for determining whether any investment, security or strategy, or any product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. Steven Cress is the Head of Quantitative Strategy at Seeking Alpha. Any views or opinions expressed herein may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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Amazon shares lower as record AI investment offsets cloud acceleration

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Amazon shares lower as record AI investment offsets cloud acceleration

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Donald Deibler: Building Community Through Business

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Donald Deibler: Building Community Through Business

Donald Deibler did not set out to chase trends. He focused on people, hard work, and steady growth. Today, he stands out as a local business leader who helps turn small ideas into real community staples.

His story starts in a small Pennsylvania town and grows into something much bigger.

From Small-Town Roots to Business Mindset

Donald Deibler

grew up in Donaldson, Pennsylvania, in a large family with five siblings. Life was simple, but it was full. Sports, family time, and shared responsibilities shaped his early years.

“I grew up around people who worked hard and showed up for each other,” he says. “That sticks with you.”

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He carried that mindset into school. After graduating from Pine Grove Area High School in 2011, he attended Albright College. There, he studied Music Business and graduated in 2015.

At first glance, music business may not seem like a direct path to food service. But for Donald, it built a foundation.

“It taught me how to think about operations, branding, and how people connect with a product,” he explains.

How Donald Deibler Built His Business Career

After college, Donald stepped into the world of small business. He became the Business Manager of All Stars Ice Cream and Café Bakery.

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This role gave him hands-on experience. He learned how to manage day-to-day operations, handle customer expectations, and keep a business running smoothly.

“You learn fast in a small business,” he says. “Every decision matters, and you see the results right away.”

But his biggest impact came through another venture closer to home.

The Vision Behind Dead Horse Beer & Burritos

Dead Horse Beer & Burritos is owned by Donald’s wife. But Donald plays a key role behind the scenes. He describes himself as “the man behind the vision,” helping bring the idea to life.

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“I’ve always believed in what we’re building,” he says. “It’s not just a business. It’s something for the community.”

From planning to execution, Donald has been involved in shaping the direction of the restaurant. He supports operations, helps solve problems, and even steps into the kitchen when needed.

“I like being hands-on,” he says. “If something needs to get done, I’ll jump in.”

That mindset reflects his leadership style. He does not lead from a distance. He works alongside his team.

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Leadership Style: Hands-On and Community Focused

Donald’s approach to leadership is simple. Show up. Do the work. Support your team.

He often works directly with staff and stays close to the customer experience. Whether it is helping in the kitchen or managing operations, he focuses on consistency.

“If customers aren’t happy, nothing else matters,” he says. “You have to earn that trust every day.”

His leadership also extends beyond the business walls. He believes local businesses should support the communities they serve.

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Why Community Involvement Matters in Business

Donald makes sure his businesses give back. He supports donations to local youth sports, including Tri Valley Little League. He also volunteers at St. Peter’s UCC and coaches youth sports.

“Kids need support and structure,” he says. “If we can help with that, we should.”

For him, community involvement is not a side effort. It is part of the business model.

“Being part of a town means showing up, not just selling something,” he adds.

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Life Outside Work: Staying Grounded

Outside of business, Donald stays active and connected to his roots. He enjoys riding dirt bikes and ATVs at places like Rauch Creek Trail and The Flying Dutchman.

He also spends time hunting, fishing, and traveling. Another passion is renovating houses, which reflects his interest in building and improving things over time.

“I like projects where you can see progress,” he says. “You start with something rough and turn it into something better.”

That same mindset shows up in his business work.

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Lessons from Donald Deibler’s Journey

Donald’s career is not built on big headlines. It is built on steady effort and clear priorities.

He focuses on people. He stays involved. And he keeps things practical.

“Success isn’t complicated,” he says. “It’s about doing the basics right, over and over.”

His journey shows how local leadership can have real impact. By staying close to the work and the community, he has helped build businesses that last.

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For readers interested in entrepreneurship, his story offers a clear takeaway. Growth does not always come from big moves. Often, it comes from small, consistent actions done well.

And for Donald Deibler, that approach continues to guide everything he does.

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Vita Coco Stock Surges 22% on Strong Q1 Earnings Beat and Raised 2026 Outlook

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Tesla Model S, X Are Seeing Massive Price Reductions—Here’s Why

NEW YORK — Vita Coco Company Inc. shares skyrocketed more than 22% on Wednesday, April 29, 2026, trading around $63 in morning action after the coconut water and functional beverage maker delivered a strong first-quarter earnings beat and raised its full-year guidance, signaling robust consumer demand for healthier drink options.

Vita Coco Stock Surges 22% on Strong Q1 Earnings Beat
Vita Coco Stock Surges 22% on Strong Q1 Earnings Beat and Raised 2026 Outlook

The company reported net sales of $128.4 million for the quarter ended March 31, up 18% from the year-ago period and comfortably ahead of analyst expectations. Gross margin expanded to 42.3% from 38.7% a year earlier, driven by favorable product mix, pricing actions and supply chain efficiencies. Adjusted EBITDA reached $18.2 million, significantly beating consensus forecasts.

CEO Martin Roper highlighted the strength of the core Vita Coco coconut water brand and continued momentum in the company’s emerging functional beverage portfolio. “Consumers are increasingly seeking better-for-you beverages, and our brands are perfectly positioned to meet that demand,” Roper said in the earnings release. “We are seeing broad-based growth across channels and geographies, with particularly strong performance in the U.S. and Europe.”

The upbeat results and raised full-year outlook triggered enthusiastic buying. Volume surged dramatically in early trading, with the stock ranking among the top percentage gainers on Nasdaq. The move reflects renewed investor confidence in Vita Coco’s ability to sustain growth in the competitive premium beverage category.

Vita Coco has successfully evolved from a niche coconut water brand into a diversified better-for-you beverage platform. The company has expanded its offerings to include sparkling coconut water, energy drinks, protein-infused beverages and functional shots. This diversification strategy has helped reduce seasonality and broadened appeal across different consumer demographics.

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Analysts reacted positively to the report. Several firms raised price targets following the earnings release, citing improved visibility into 2026, margin expansion and market share gains. The results validate management’s strategy of investing in brand building, innovation and distribution while maintaining disciplined cost control.

For investors, today’s surge underscores the market’s appetite for companies benefiting from long-term consumer trends toward health and wellness. Vita Coco’s products align with growing demand for natural, low-sugar, hydrating beverages. The company has built a strong presence in both retail and foodservice channels, with expanding international operations providing additional growth levers.

The company also reported progress on its sustainability initiatives, including responsible sourcing of coconuts and reduction of plastic usage in packaging. These efforts resonate with younger consumers who prioritize environmental and social responsibility when making purchasing decisions.

Broader beverage industry trends have been mixed in 2026. While traditional soda and sugary drink sales have faced pressure, premium non-alcoholic and functional beverages have continued to show resilience. Vita Coco has benefited from this shift, capturing market share from both traditional soft drinks and emerging competitors.

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As trading continued Wednesday morning, shares held near session highs with strong volume. Technical analysts noted the breakout above recent resistance levels, with potential near-term targets in the $70 range if momentum persists. Options activity showed aggressive call buying, suggesting traders anticipate further upside following the positive earnings momentum.

The day’s performance caps a strong period for Vita Coco. The stock has delivered impressive returns for investors who recognized its potential in the health and wellness beverage space. With solid results and positive guidance, many expect continued strength through the remainder of 2026.

For long-term investors, Vita Coco offers exposure to secular consumer trends including health consciousness, premiumization and functional beverages. Its strong brand equity, innovative product pipeline and disciplined execution provide a compelling investment case even in a competitive category.

Near-term risks include commodity price volatility for coconut raw materials, increasing competition in the functional beverage space and potential economic pressures on consumer spending. However, management’s track record of navigating these challenges and delivering consistent growth supports optimism.

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Vita Coco’s journey from a startup importing coconut water from Sri Lanka and the Philippines to a publicly traded company with a market capitalization exceeding $2 billion demonstrates the power of aligning with major consumer trends. The company has successfully built a portfolio that spans hydration, energy and wellness, positioning it well for continued expansion.

As the market digests today’s move, Vita Coco stands out as a standout performer in the consumer staples space. The strong Q1 results and raised outlook suggest the company is executing effectively on its growth strategy and remains well-positioned to capitalize on favorable industry tailwinds.

The coming quarters will be important as Vita Coco continues to invest in marketing, innovation and distribution. Investors will watch closely for sustained same-store sales growth, margin stability and progress on international expansion. For now, today’s sharp rally reflects confidence that Vita Coco has momentum on its side in the evolving beverage landscape.

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Armra introduces colostrum soda

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Armra introduces colostrum soda

The functional, first-to-market soda is available in four flavors. 

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Everforth director Joseph Dyer acquires $24,991 in company stock

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Everforth director Joseph Dyer acquires $24,991 in company stock

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