Xbox gaming revenue was up 51% year-over-year, while hardware was down 31%

April 26, 2024 by No Comments


Microsoft announced its Q3 quarterly earnings, which revealed that gaming revenue rose 51% while hardware sales fell 31%.

The company’s gaming revenue was +51%, a record Q3 for the company.

Chasing:

  • Xbox gaming revenue grew 51%
  • 55% of its gaming revenue is from Activision
  • Xbox content and services grew 62%
  • 61% of its content and services come from Activision
  • Xbox hardware is down 31%

Microsoft CFO Amy Hood said the company expects the Xbox hardware decline to continue next quarter. Total gaming revenue is expected to be in the low mid-40s (50 points from ATVI), while services and content are likely to be in the high 50s (60 points from ATVI).

As rightly pointed out, a significant increase in Xbox revenue came from the acquisition of Activision Blizzard, which the company acquired last year for $69 billion.

Xbox’s massive growth will fall to normal in the next few quarterly earnings calls, but the company has yet to fully capitalize on its huge catalog of acquired IP, including the hugely successful Call of Duty franchise, which could be even better. A picture of how the company stands.

As for the Xbox hardware, Microsoft teased earlier this year that it has a ‘unique’ and ‘powerful’ next-gen Xbox console.

Earlier this month, Insider Gaming reported that Activision understood that the company was gearing up for an announcement on its back catalog of games after acquiring Blizzard.


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