Microsoft posted its fourth quarter earnings earlier today, revealing that Xbox content and services revenue increased by 65% ($1.2 billion) year-on-year for the three month period ending June 30, 2020.
In a press release, the company explained that the increase was primarily due to record engagement, including strength from third-party titles, as stay-at-home guidelines continued. Xbox hardware revenue also increased by 49%, primarily due to an increase in volume of consoles sold.
Altogether, the company's gaming revenue increased $1.3 billion or 64%, obviously driven by said growth in Xbox content and services. A fantastic few months for Xbox all around!
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