'Microsoft has released its latest earnings report, and among the takeaways are some new numbers and data points regarding the Xbox brand. In total, gaming revenue for Microsoft grew by 16%. Hardware sales saw the biggest surge, growing by 166% thanks to "continued demand" for the Xbox Series X and S consoles.
CFO Amy Hood said on an earnings call that Microsoft shipped more Xbox Series X|S consoles than expected during the period, despite the ongoing chip shortage and other supply issues.
Additionally, Xbox content and services revenue rose by 2%. Microsoft saw growth in Xbox Game Pass subscriptions during the period, though the company did not announce a new figure. The last time Microsoft announced a subscriber number was in January 2021 (18 million). More recently, Microsoft announced that Xbox Game Pass subscriber numbers did not grow by as much as it expected.
The growth in Xbox content and services revenue was also positively affected by first-party games, but was offset by "declines from third-party titles," Microsoft said, though it did not name any titles outright.'
Great to see MS is turning it around this gen after last gens mediocre efforts.