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Headline : Focusing too much on Xboxs hardware decline misses the point

Read more from the original article on here at www.midiaresearch.com.





Tags : #focusing #too #much #xboxs #hardware #decline #misses #point


No. of Paragraph 32

This blog post is relevant to the following roles

Microsoft recently released its Q1 2024 financial results (fiscal Q3). Gaming revenue was up +51% and Xbox content/services revenue was up +62%. These gains mostly came from Microsoft’s Activision Blizzard acquisition.

Xbox is reaping the revenue benefits of Call of Duty, Candy Crush, and Blizzard’s catalogue. This inorganic acquisition growth actually offset a -5% drop in gaming revenue, as well as flat Xbox content / services growth for Xbox.   

Operational costs spiked +41% in Microsoft’s ‘’More Personal Computing’’ segment – again, mostly thanks to the acquisition. Xbox unfortunately fired 1,900 people in its gaming division in late January – a common practice following mergers and acquisitions (M&A), so these costs might be lower in coming quarters.

Read more from the original article on here at www.midiaresearch.com.


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