Microsoft’s gaming division reports record Q1, with hardware revenue up 13%
According to the article
・Microsoft’s gaming business posted record first-quarter earnings for the second year in a row
On October 25 (local time), Microsoft announced financial results for the first quarter ended September 30, 2022.
・Xbox hardware revenue up 13%, game revenue up 4%, according to company, “slightly”
・Meanwhile, Xbox content and services revenue fell 3% despite growth in Xbox Game Pass subscribers.
This was due to less first- and third-party content, shorter overall engagement times, and higher monetization.
・As noted by independent analyst @DomsPlaying, revenue showed an increase of about 0.47% year-over-year, marking Xbox’s best-ever first quarter revenue.
Microsoft just posted its 10Q filing, with the exact amount of Xbox revenue in fiscal Q1:
That means year-on-year growth is somewhere near 0.47%.
It’s still the best Q1 result ever reported for Xbox revenue, up from last year’s $3.59B. https://t.co/xUjhEuwPwG
— Dom (@DomsPlaying) October 25, 2022
・Microsoft CEO Satya Nadella reported strong performance for non-console games in a web call Tuesday.
・“Out-of-console strengths have increased usage across all platforms.”,“PC Game Pass subscribers grew 159% year-over-year, transforming the way games are distributed, played and watched with cloud gaming. To date, more than 20 million people have used the service. I’m streaming the gametalked with
·Also,“We’re delivering the best value for games with Game Pass and Xbox Series S heading into the holidays. About half of Series S buyers are new to our ecosystem.”said
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