Xbox Revenue Falls 2% in Microsoft’s Fiscal First Quarter

Business · First reported 29 Oct, 09:05 · Updated 22:16

Image: Wikimedia Commons · NASA Johnson Space Center / Jonny Kim · Public domain

Xbox revenue was $5.38 billion for the quarter ended September 30, down 2% year over year; the decline was narrower than the 10% drop reported for the previous quarter.

Xbox revenue fell 2% year over year to $5.38 billion in the fiscal first quarter ended September 30.
Microsoft’s CFO attributed the overall Xbox decline to third-party content and Game Pass, partly offset by first-party game growth; hardware revenue dropped 14%.
Asha Sharma said console sales were constrained by supply and that Xbox was working to make more units available, including through an expanded refurbishment program.

Summary written by Lux AI from 3 articles

Key facts

Xbox revenue: $5.38 billion, down 2% year over year.
Quarter end: September 30.
Hardware revenue: Down 14%, with lower console sales volume.
Next-quarter outlook: Microsoft expects content and services revenue to grow by mid-to-high single digits and hardware to decline again.