Xbox gaming revenue up 6% year over year in latest earnings report

Xbox gaming revenue up 6% year over year in latest earnings report

Tech Highlights:

  • The company’s hardware revenue also increased during this time by 14% – thanks to the continued demand for Xbox Series X|S. For this same period, Microsoft’s revenue was $49.4 billion (an increase of 18%) and its net income is $16.7 billion – up by about 13%.

  • Microsoft has released its latest earnings figures for the quarter ending March 31, 2022 (FY22 Q3), noting that Xbox’s gaming revenue climbed by 6% year over year. Xbox’s “content and services income” increased by 4%, thanks to increased sales of first-party games and Xbox Game Pass subscriptions. The third-party release drops “somewhat offset” the increase.

Microsoft and its Xbox division are currently in the process of acquiring Activision Blizzard, which is still a while away from being finalised but could see Activision and Blizzard games join services like Game Pass and Microsoft’s cloud gaming services.

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