Microsoft has released its earnings report for the first quarter of the 2025 fiscal year, which ended up September 30, 2024.
Xbox gaming revenue increased by 43 percent year-on-year. This includes “48 points of net impact from the Activision acquisition.” This is a better performance than the forecast, which was to see growth in the mid 30s percent.
Xbox content & services revenue increased 61 percent compared to the same quarter a year ago. This includes “53 points of net impact from the Activision acquisition.” This is inline with the forecast, which was to see growth in the low to mid 50s percent.
Xbox hardware revenue fell 29 percent compared to a year ago. This is inline with expectations, which was to see a decline year-on-year.
Overall, Microsoft reported for the quarter revenue was up 16 percent year-over-year to $65.6 billion and net income was up 11 percent to $24.7 billion.
Stay tuned for more information.
A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
Full Article – https://www.vgchartz.com/article/462920/xbox-revenue-jumps-43-year-on-year-hardware-revenue-falls-29/