Microsoft reported the latest earnings results today for the quarter ended June 30, 2021, and as expected, the Xbox division has benefited from an increase in revenue compared to last year, driven by Xbox Series X|S sales.
The increase is $357 million or 11%, with Xbox hardware revenue getting a whopping 172% boost "driven by higher price and volume of consoles sold due to the Xbox Series X|S launches".
However, Xbox content and services revenue did actually decrease by $128 million or 4% compared to the same period in 2020, "driven by a decline in third-party titles on a strong prior year comparable that benefitted from stay-at-home scenarios, offset in part by growth in Xbox Game Pass subscriptions and first-party titles."
It's mostly good news, then, albeit with a small bump in the road in regards to content and services. With the Xbox Series X and S still being tough to get ahold of right now, that hardware revenue figure could have been much bigger!
What are your thoughts on these latest earnings results for the Xbox division? Let us know below.