It’s safe to say it’s been a good year for Microsoft after the success of the new Xbox Series X/S consoles lead to record earnings.
We’re now coming up to 6 months after the launch of the Xbox Series X/S and the next-gen consoles are selling as fast as they can be produced. Even today, fans are finding it hard to get their hands on a new Xbox.
So it should come as no surprise that Microsoft is having a tremendous year earnings-wise. In a new press release, the company reveals just how well it’s been doing over the last three months.
If you’re still looking for a next-gen console, here’s where to find an Xbox Series X/S this week!
And in other news, Xbox fans are raving about this amazing new feature on home consoles!
Microsoft’s Earnings After Xbox Series X/S Success
In a new official earning’s release by Microsoft, the company reveals its total revenue thanks to the Xbox Series X/S.
According to the new report, Microsoft recorded a whopping $41.7 billion in revenue this quarter. From Jan – March 31, the company’s total earnings saw an increase of 19% year-over-year.
One thing the company certainly has to thank for its success is the popularity of the Xbox brand. In fact, Xbox content and services revenue increased 34% in total.
In total, Microsoft’s gaming revenue hit $3.53 billion in the last quarter alone. This is likely to do with the company’s ongoing Xbox Series X/S sales and its commitment to high-quality Game Pass titles.
Right now, statistics indicate that Xbox Game Pass is at around 23 million users. And with games like Halo Infinite and BATTLEFIELD coming to Xbox Game Pass later this year, that number is sure to only increase.
On top of that, reports indicate that Xbox hardware revenue skyrocketed 232% over last year, even despite stock shortages. We imagine the company will see similar success in next quarter’s financial report.
But how do Microsoft’s numbers stack up to its age-old rival? Here are the stats for PS5 vs Xbox Series X – how many next-gen consoles have sold?