Xbox Series X
Image: Xbox

Microsoft's latest earnings results have been published for the quarter ended September 30th, 2022 (FY23 Q1) and Xbox's gaming revenue is up by 4% year-over-year.

Xbox's hardware revenue increased by 13%. Once again, this was thanks to the continued demand for Xbox Series X|S around the globe. However, Xbox's "content and services" revenue has declined by 3%. Here's what the official report said about this - noting how it's offset by growth in Xbox Game Pass:

"...Driven by declines in first-party content and in third-party content, with lower engagement hours and higher monetization, partially offset by growth in Xbox Game Pass subscriptions."

For this same period, Microsoft's overall revenue was $50.1 billion, which is a better outcome than the previous estimate of $49.7 billion.

Although there have been declines in first-party content during this quarter, Xbox looks set to improve first-party offerings in 2023 with releases like Forza Motorsport, Starfield and Minecraft Legends. It's also still in the process of closing the Activision Blizzard acquisition.

Pleased with these results? Give us your thoughts in the comments below.

Please note that some external links on this page are affiliate links, which means if you click them and make a purchase we may receive a small percentage of the sale. Please read our FTC Disclosure for more information.

[source, via]