Microsoft’s gaming business has reported its second best Q4 on record, helping Xbox close its fiscal year with record annual revenue
Microsoft reported its fourth quarter earnings on Tuesday, when it said gaming revenue decreased $259 million or 7% compared to the same period last year,Xbox hardware revenue decreased 11% and Xbox content and services revenue fell 6%, “driven by lower engagement hours and monetization in third-party and first-party content, partially offset by growth in Xbox Game Pass subscriptions”, Microsoft said.
Nevertheless, $3.45 billion in quarterly sales for Xbox represents the division’s second-best fourth quarter ever, according to independent market analyst @DomsPlaying. “Assuming ~ $3.45B in quarterly gaming sales, annual revenue from Xbox reached $16.22B,” he tweeted. “While that’s down a bit on a rolling basis, it’s the highest fiscal year sales ever for Xbox.”
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