What you need to know
- Microsoft’s financial results for FY25 Q1 are now out, detailing the company’s earnings across various divisions.
- Gaming revenue is up 43% year-over-year, with this growth coming from the acquisition of Activision Blizzard King.
- Xbox content and services revenue is up 61% year-over-year, with most of the growth coming from the acquisition.
- Xbox hardware revenue is down 29% year-over-year.
It’s that time of the quarter where we get more financial results.
Microsoft shared details on its performance for FY25 Q1 on Wednesday, providing details on how the company’s various divisions did during the quarter ending Sep. 30, 2024. For FY25 Q1, gaming revenue was up 43% year-over-year. Like in FY24 Q4, FY24 Q3, and FY24 Q2, this massive leap on paper is due to Microsoft’s acquisition of Activision Blizzard King, which finalized just over a year ago on Oct. 13, 2023.
Xbox content and services revenue saw a leap of 61% year-over-year, with most (but not all) of that growth coming thanks to Activision Blizzard King. Xbox hardware revenue was down 29% year-over-year. Microsoft as a whole saw $65.6 billion in revenue for the quarter, which is up 16% year-over-year.
Developing…