Counting Microsoft’s Money Steady Growth in Video Game Revenue

Counting Microsoft's Money Steady Growth in Video Game Revenue

Microsoft released results for the first quarter of its fiscal year, which ended September 30. The total revenue of the American corporation was $ 37.2 billion and grew by 12% for the year. Net income reached $ 13.9 billion – an increase of 30%.

The main driver of the company’s growth was the Xbox video games division, which showed high rates:

  • Xbox content and services revenue grew 30% or $ 649 million.
  • Xbox console sales fell 27%.
  • Gaming segment revenue was nearly $ 3.1 billion. An increase of 22% over last year.

Microsoft is forecasting 30% growth in its video games division in the next quarter. The key factor will be the release of the next generation of Xbox Series X / S consoles.

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