Microsoft's latest earnings results have been published for the quarter ended March 31, 2022 (FY22 Q3) - revealing Xbox's gaming revenue has increased by 6% year-over-year.
Xbox's "content and services revenue" grew by 4% and was once again driven by growth in first-party titles and Xbox Game Pass subscriptions. It was also "partially offset" by declines from third-party releases.
The company's hardware revenue also increased during this time by 14% - thanks to the continued demand for Xbox Series X|S. For this same period, Microsoft's revenue was $49.4 billion (an increase of 18%) and its net income is $16.7 billion - up by about 13%.
Microsoft and its Xbox division are currently in the process of acquiring Activision Blizzard, which is still a while away from being finalised but could see Activision and Blizzard games join services like Game Pass and Microsoft's cloud gaming services.
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