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.
Pleased with these results? Give us your thoughts in the comments below.
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[source microsoft.com]
Comments 8
This just makes them trying to double the price of Xbox live gold look worse
Decent numbers there and once they have a steady stream of first party games releasing, things can only improve.
...but
"Microsoft and its Xbox division are currently in the process of acquiring Activision Blizzard, "
I just can not believe the amount Microsoft is willing to spend on ABK. COD and World of Warcraft are bleeding player engagement and subscribers, does Diablo and Overwatch really worth the insane amount of money?
Bungie would have been by far the better and much, much cheaper option, alas Sony are the more shrewd corporation.
@Sol4ris I get where you are coming from but I’d stay well away from Bungie. They’ve done well with Destiny but what else do that have? Also they’re one of the worst Devs out there for being anti consumer. The other problem is they aren’t loyal, they like being independent. They left Microsoft and Activision and I found it utterly bizarre that they let Sony buy them out. I wouldn’t be surprised if a few years down the line they try to go independent again, either that or most of their staff leave to start their own thing.
@Sol4ris There's also King and their HUGE mobile side offering with Candy Crush etc. COD mobile and more.
But I agree it still seems like an awful lot to be spending that could be better spent elsewhere.
@Fenbops & themightyant
Thank you and I see your points. It jus looks like a crazy amount of money for not a great deal IMHO.
@Sol4ris I agree. I think Activision are the sh*ts, they make an insane amount of money through mobile and CoD so I can see the value in some places.
@Would_you_kindly Well it says revenue, not profit.
I find myself somewhat confused, @Liam_Doolan; is it Microsoft buying Activision or Xbox? I understand that one is part of the other, but which company is actually directly funding the purchase? And who will be running all the mobile games?
Also, the quoted $49.4 billion, is that earned by Microsoft or the Xbox gaming division? $49.4 billion seems a very small amount for a company the size of Microsoft, but exceptionally large for Xbox. Also, really sorry, but what does it mean when you refer to the net income being $16.7 billion? Does that mean that from the $49.4 billion, they paid out some $32.7 billion in taxes etc., leaving them with the net earnings of $16.7 billion? I'm not trying to nit-pick, but simply trying to understand what has been written...
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