For the first time in its history, Microsoft has surpassed the $ 5 billion mark in game revenue in a quarter. The performance for the quarter ended Dec. 31 was clarified by none other than Microsoft CEO Satya Nadella in the company’s employment call.
Microsoft CEO Satya Nadella (Image: Reuters)
Sales volumes from games were driven by 51 percent year-on-year growth. Revenue through Xbox content and services just grew 40% year-over-year.
“Xbox content and services revenue grew 40 percent and 38 percent in steady cash, the strong growth in third-party transactions, Game Pass subscribers and first-party titles,” said Amy Hood, executive vice president and CFO, Microsoft, during the employment call with analysts late Tuesday.
Microsoft CEO Satya Nadella also confirmed over 100 million monthly active users for Xbox Live and an additional 18 million subscribers for Game Pass. Nadella said this is good news as the company is expanding its reach to the “three billion gamers” in the world.
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Much of its gaming revenue was backed by unprecedented sales of last year’s Xbox X and S series. Game consoles went on sale on November 10 across the globe among the most successful releases in Xbox history, “with the biggest-selling devices ever in launch month,” Nadella confirmed.
Xbox hardware recorded revenue growth of 86 percent, thanks to the new token release. At the same time, lower price increases on previous generation consoles have helped Microsoft to increase their sales.
Nadella also said that “game developers are also benefiting from Microsoft’s reach in the gaming community.” We exceeded $ 2 billion in revenue from third-party titles in this quarter. for the first time, “Nadella said.
Microsoft X Series Microsoft
Over the next few months, Microsoft plans to “roll out a cloud game and game pass to iOS devices and Windows PCs”, the company’s CEO confirmed.
Microsoft expects that strong communication to continue on the Xbox platform, along with the equally strong demand for the Xbox X and S series. The only hurdle facing the company, though. -that is, the limited supply of the consoles compared to the demand.
(By submission from IANS)