2023-10-25 18:30:02
Game news “The best quarter in our history” Game Pass is stronger than ever, even before the Activision-Blizzard takeover
Published on 10/25/2023 at 8:30 p.m.
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It’s a great end to the year for Xbox which is recording historic figures and for which the best is yet to come.
Microsoft has published the results for the first quarter of its fiscal year and the news seems rather excellent, the company showing a good start for its gaming activity, boosted by the launch of Starfield and its 11 million players. There are several facts to remember about Microsoft’s Xbox games: First, gaming revenue increased 9%, generating just over $3.9 billion during the period from July 1 to September 30 when revenue from Xbox content and services increased by 13%. %, thanks to the growth of first party content and Game Pass. This is therefore the most lucrative first quarter in Xbox history. On the other hand, Xbox hardware revenues decreased by 7%.
For the quarter ended September 30, 2023, Microsoft reported total revenue of $57 billion, up 13% year over year. A total that includes $13.7 billion from the More Personal Computing division, which includes Xbox.
Everything is working for the Xbox Game Pass service. Amy Hood, Microsoft’s chief financial officer, said Starfield’s launch day set a new record for the number of new Xbox Game Pass subscriptions in a single day. Enough to exceed the forecasts set. Also, the subscription service recorded a new record for the number of hours of play per user.
And then ?
The acquisition of Activision Blizzard, finalized a few days ago, marks an unprecedented departure for Microsoft, which presented Call of Duty: Modern Warfare 3 as one of the key releases of its next quarter, with Xbox now owning 13 billion-dollar franchises, including Call of Duty, Candy Crush, Diablo and Warcraft. All year long, the world of video games has been punctuated by the drama of this historic takeover for the industry, amounting to $68.4 billion. Since Friday October 13, no regulatory body has opposed the initiative of the Redmond firm. The forecasts for the next quarter are therefore colossal: For gaming revenues, we expect growth of around 40%. For content and services, growth of 50%.
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