Microsoft Gaming revenue increased $357 million or 11% driven by growth in Xbox hardware, offset in part by a decline in Xbox content and services. This is according to the results for the quarter ended June 30, 2021, as compared to the corresponding period of the last fiscal year.
Xbox hardware revenue increased 172% driven by higher price and volume of consoles sold due to the Xbox Series X|S launches. Brand Spur gathered that Microsoft Xbox content and services revenue decreased $128 million or 4% driven by a decline in third-party titles on a strong prior year comparable that benefitted from stay-at-home scenarios, offset in part by growth in Xbox Game Pass subscriptions and first-party titles.
The Microsoft revenues grew by 21% compared to the year-ago quarter, while its net income expanded by a more toothsome 47% over the same time frame.
Satya Nadella, chairman and chief executive officer of Microsoft commented:
“We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business.“Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises, we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.”