Hardware Demand Leads To 16% Increase In Xbox Gaming Revenue

Microsoft has published the earnings results for the quarter ended September 30, 2021, and Xbox revenue has grown by 16% compared to the same time last year, primarily driven by demand for Xbox Series X and Series S consoles.

Of course, the Xbox Series X and S had yet to release this time last year, so the hardware revenue increase is a whopping 166%, while Xbox content and services revenue also saw a minor 2% increase.

"In Gaming, revenue increased 16% and 14% in constant currency, ahead of expectations. Better than expected console supply and continued strong demand resulted in Xbox hardware revenue growth of 166% and 162% in constant currency. Xbox content and services revenue increased 2% and was relatively unchanged in constant currency against a strong prior year comparable."

We were hoping Microsoft might be willing to share the current number of Xbox Game Pass subscribers as part of these results as well, but no updated number has been provided. The last official update (there have been rumours since!) came all the way back in January of this year, when Game Pass was confirmed to have 18 million members.

What are your thoughts on these earnings results? Let us know down in the comments section below.

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[source microsoft.com]