Xbox revenue up 6% as Xbox hardware tops U.S. sales charts
Xbox holds the momentum with Microsoft’s latest Q3 earnings.
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What you need to know
Microsoft has announced its third-quarter earnings for its 2022 fiscal year, coupled with the latest update on its gaming efforts. Year-over-year revenue wasup 20% company-wide over the period, totaling $51.7 billion. Xbox revenue also climbed 6% this quarter, attributed to growth in Xbox console sales, Xbox Game Pass, and other gaming services.
The latest Q3 figures reflect Microsoft’s ongoing efforts to deliver its newestXbox Series XandXbox Series Sconsoles to consumers, with high demand and supply constraints still prevalent over one-year post-release. With availability steadily improving, notably for its more affordable Xbox Series S, hardware revenue grew 14% this quarter. It shows the consoles maintaining momentum following a232% surge in hardware revenue this time last year, after topping the U.S. in dollar sales for March 2022according to NPD.
Xbox content and services also increased 4%, with Microsoft outlining itsXbox Game Pass serviceand in-house first-party titles among successes. It follows the launch ofXbox Game Studios-published titles likeHalo InfiniteandForza Horizon 5last holiday, helping drive its subscriptions on consoles and PCs. Revenue was reportedly offset by several unnamed third-party titles from the previous fiscal year.
The news comes as Microsoft continues to invest in growing its Xbox content and services, including Xbox Game Pass, with sights set on new platforms. The service now touches consoles, PC, and mobile devices via cloud streaming, with support formore platforms also in the works.The industry-shaking plannedacquisition of Activision Blizzard for $68.7 billionalso remains underway, showcasing its commitment to supporting its gaming platform and services.
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Matt Brown was formerly a Windows Central’s Senior Editor, Xbox & PC, at Future. Following over seven years of professional consumer technology and gaming coverage, he’s focused on the world of Microsoft’s gaming efforts. You can follow him on Twitter@mattjbrown.
