Amazon Sees Profit Triple, Reports $143.3 Billion in Q1 Revenue
Amazon‘s profit tripled in the first quarter of 2024 to $10.4 billion, while it also reported $143.3 billion in revenue through March 31, up 13% from last year. Additionally, with sales from Q1 checking in at $25 billion already, the company says it is on track to have $100 billion in annual cloud computing sales for the first time ever. “It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Amazon chief executive Andy Jassy said.
DK Metcalf, Jason Kelce, Flau’jae Johnson Included in $10M Raise for Bazooka Candy
Bazooka Candy Brands announced Tuesday it’s received a more than $10 million investment from superstar clients affiliated with Patricof Co, a private investment group that boasts 250 of the world’s top athletes. At the helm of the cohort that includes roughly 60 athlete investors is Seattle Seahawks star DK Metcalf. He is joined by Kylie and Jason Kelce, UNC‘s Deja Kelly, CC Sabathia, LSU‘s Flau’jae Johnson, and more. In addition to the bubble gum, other childhood favorites a part of the Bazooka family include Ring Pop, Push Pop, and Baby Bottle Pop. “My love of candy is well-known and I have always thought that there is something very special about Bazooka’s line-up of products,” said Metcalf. “I’m thrilled to be an investor and to help write the next chapter of the Bazooka Candy Brands story.”
Martin Scorsese, Steven Spielberg & More Tapped for 2024 Tribeca Festival Programming
The Tribeca Festival has unveiled the famous faces set to make appearances at the annual film expo, including the likes of Martin Scorsese, Robert De Niro, Judd Apatow, Kieran Culkin, and more. Among other activities, Scorsese, De Niro, and Nas will talk about Mean Streets on its 50th anniversary. Festivities will include a segment to celebrate the 25th anniversary of The Sopranos with a reunion set between creator David Chase and members of the cast. Steven Spielberg will also commemorate his theatrical debut, The Sugarland Express, while Kevin Bacon will appear to honor the 40th anniversary of Footloose. View the full Tribeca Festival programming here.
Beats Unveils Solo Buds, Solo 4 with Help from Angel Reese, Sha'Carri Richardson, Naomi Osaka
Beats by Dre added two new members to its Solo family, debuting its newest true wireless earphones, the Solo Buds, and the next generation of its most popular headphones, the Beats Solo 4, on Tuesday. Beats announced the two new products in a national campaign that featured WNBA rookie Angel Reese, Olympic sprinter Sha’Carri Richardson, and tennis star Naomi Osaka. Available in matte black, slate blue, and cloud pink, updated features in the Beats Solo 4 include personalized spatial audio with dynamic head tracking and comfy on-ear cushions for extra stability. Some highlights of the Solo Buds include an 18-hour battery life, instant pairing technology, and renewed USB-C charging ports. The Beats Solo 4 was made available for purchase on Tuesday for $199.99, while the Solo Buds will drop in June for $79.99.
Stay locked in to Boardroom later this week for Michelai Graham’s Tech Talk Review for the Beats Solo 4.
Adidas Beats Q1 Expectations Thanks to Interest in Retro-style Shoes
Adidas shared its Q1 earnings results on Tuesday, and the sportswear giant revealed it exceeded expectations with an 8% increase in sales to reach roughly $5.8 billion in the first three months of 2024. The company said the improvement was largely driven by increased interest in its Samba, Gazelle, Spezial, and Campus sneakers. “The growth is, of course, driven by our Lifestyle business right now, especially Originals footwear, but we also see that the higher end of our Running, Football and Basketball product is doing well,” said CEO Bjorn Gulden. Adidas apparel saw a 2% jump in profit, and apart from North America, which recorded a 4% decline in sales, Europe, Latin America, Greater China, Japan, and South Korea all experienced at least a 7% boost in its bottom line.
Alicia Keys' 'Hell's Kitchen' Earns 13 Tony Award Nominations
The 2024 Tony Awards nominations were revealed on Tuesday, and Alicia Keys‘ semi-autobiographical show Hell’s Kitchen tied for the most nominations with 13. Stereophonic, a new play about a fictional band in the 1970s, also recorded 13 nods, becoming the most-nominated play in Tony Awards history. Hell’s Kitchen, a show loosely based on Keys’ life growing up in New York City, is in the running for Best Musical and features songs from Keys herself.