Microsoft Announces Huge Demand For Xbox Series X | S, Record Revenue And Growth In Xbox Game Pass Subscribers

Corporation Microsoft reported on the results of the quarter ended December 31, 2023. The gaming business, led by Phil Spencer, has shown strong growth across the board

  • In October-December, Microsoft’s gaming division received over $ 5 billion in revenue (+ 51% compared to the same period a year earlier). It reached such a figure for the first time in the history of the Xbox brand – an absolute record was recorded in revenue for one quarter
  • $ 2 billion of $ 5 billion generated game sales from third-party developers and the implementation of in-game content… The rest falls on hardware, subscriptions and games Microsoft… Directly quarterly revenue from sales of consoles increased by 86%.
  • International sales of Xbox Series X | S in the launch month also turned out to be a record for the brand – Xbox, Xbox 360 and Xbox One started more modestly in their time… At the same time, new Microsoft consoles could have sold even better if they were available – demand exceeded supply.
  • Xbox Live Monthly Active Audience reached the 100 million mark
  • Xbox Game Pass Subscribers as of Dec 31 – more than 18 million people (in April 2023 it was reported about 10 million, in September – about 15 million).

Commenting on the results, Microsoft CFO Amy Hood noted “huge demand” for the Xbox Series X and Xbox Series S. The company expects it to remain at that level in the current and next quarters as production and supply problems will not be resolved any time soon. Previously Phil Spencer said that the deficit could last at least until April 2023

https://www.youtube.com/watch?v=DIMAujZpry0

The exact sales figures for Xbox Series X and Xbox Series S are not disclosed… Having carefully studied the financial documentation and the layout of the gaming division’s revenue between segments (games, services, hardware), experts conclude that after a record start in November, Microsoft most likely sold fewer new consoles in December than Xbox One in December 2013. However, this is primarily due to the shortage of Series X and Series S due to manufacturing difficulties in the era of the coronavirus pandemic.

As for Microsoft as a whole, it received more than $ 40 billion in revenue over the past quarter.… This is also a quarterly record in its entire history.

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