Microsoft has released its earning results for FY24 Q1 and Xbox's gaming revenue is up by 9% year-over-year.
Xbox's content and revenue services in this latest quarter grew, this time by 13%. It's driven by the growth of the Xbox Game Pass service and first-party content.
Xbox hardware revenue had a decline of 7%. Fortunately, it's not as bad as in the previous quarter (13%). Overall, this is a better quarter for Microsoft's gaming division than the previous one.
In a conference call, Microsoft's CEO Satya Nadella mentioned how Starfield has contributed to the growth of Xbox Game Pass - mentioning how at the launch of this title, a record for the most Game Pass subscriptions ever added on a single day was set (via The Verge).
For this same period, Microsoft has banked a whopping $56.5 billion in revenue, up 13% year-over-year.
Xbox recently bolstered its Xbox Game Pass offerings with the release of Forza Motorsport and just weeks ago it finalised the acquisition of Activision Blizzard King, welcoming series like Call of Duty and Candy Crush to team green.