Xbox is doing well: Microsoft announces record quarterly revenue for gaming division

Corporation Microsoft reported on the results of the quarter ended March 31, 2023. Game direction led by Phil Spenceragain showed strong growth in all directions

  • For January-March 2023, Microsoft’s gaming division received $ 3.53 billion in revenue (+ 50% compared to the same period a year earlier). This is a record – as much as the Xbox brand has never earned in the first quarter of a calendar year.
  • Revenue from sales of consoles increased by 232% compared to January-March 2023, driven by the recent launch Xbox series x and Xbox series s
  • Revenue from sales of games and subscriptions to services jumped by 34%… Xbox Game Pass is hugely popular.
  • Over the past 12 reporting months, Microsoft’s gaming division generated $ 15 billion in revenue – this is also a record.

The main income was brought by games and services – only 18% of the quarterly turnover accounted for the share of revenue from sales of iron. Microsoft stressed that the Xbox is growing both in the console segment and beyond.

Exact sales figures for Xbox Series X and Xbox Series S have not been disclosed, but Microsoft has confirmed it continues to rapidly sell whatever it brings to market – demand outstrips supply

The whole corporation has been working in the last three months $ 41.7 billion in revenue (+ 19%) at $ 15.5 billion in net profit (+ 44%).

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