Xbox Content, Services Drive 5% Overall Microsoft Gaming Revenue Growth, Hardware Sales Down 6%
Microsoft’s gaming revenue was up 5% year over year for the January-March quarter.
Gaming-specific sales reached $5.7 billion for the three-month period, up $270 million from the comparable year-ago figures.
While content and services sales increased 8%, which Microsoft attributes to performance across Xbox‘s Game Pass offering and its “Call of Duty” and “Minecraft” franchises, hardware revenue was down 6% total. “Call of Duty” released its most recent installment, “Black Ops 6,” last fall and “Minecraft” likely benefited somewhat from anticipation for the Jack Black-led film, which debuted April 4 to big box office numbers.
Microsoft posted $70.1 billion revenue for the quarter (up 13%) and a net income of $25.8 billion (up 18%) or earnings per share (EPS) of $3.46. Analysts had predicted $68.4 billion in revenue and EPS of $3.22.
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