Xbox Series X demand fuels Microsoft's gaming revenue — sees 16% growth

Xbox Series X demand fuels Microsoft'due south gaming revenue — sees 16% growth

(Image credit: Microsoft)

Despite ongoing Xbox Series Ten and Xbox Series S shortages, Microsoft's first-quarter earnings report of 2022 revealed its total gaming acquirement was upwardly 16% compared to the previous fiscal year, and information technology's all thank you to Xbox hardware revenue.

Co-ordinate to Microsoft, demand for the Xbox Series X|S contributed to Xbox hardware revenue increasing by 166%, with CEO Satya Nadella stating that the gaming division saw "tape first-quarter monetization and date." As for the popular Xbox Game Pass and other services, revenue was up past 2% as "growth in Xbox Game Laissez passer subscriptions and first-party titles partially offset by declines from third-party titles."

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Due to next-generation console shortages and restock issues, demand for the Xbox Series X|S has been stiff throughout the year, especially when compared to the limited stock available when the console first launched back in November 2022. Microsoft's gaming sectionalization expects its growth to continue, with exclusive games and Triple-A titles via Xbox Game Pass as its winning ticket.

Nadella claims: "This holiday season will bring our biggest line-up of content and exclusive games ever, with three new triple-A titles including Halo Space available via the Xbox Game Pass subscription service."

Further to this, CFO Amy Hood expects Xbox content and services "revenue growth in the mid-teens with strong date on the Xbox platform in a vacation quarter that will include several triple-A title launches." Things are looking up for Xbox once Halo Infinite drops on December 8.

At that place are a number of exclusive Xbox titles expected to arrive over the next twelvemonth, including Forza Horizon 5, Starfield, Redfall, Senua'due south Saga: Hellblade II and more. Who knows, in one case the rumored Elder Scrolls vi is officially confirmed, revenue could proceed to soar.

Darragh Murphy is fascinated by all things bizarre, which usually leads to assorted coverage varying from washing machines designed for AirPods to the mischievous earth of cyberattacks. Whether it'southward connecting Scar from The Lion King to 2-cistron authentication or turning his love for gadgets into a fabricated rap battle from eight Mile, he believes at that place's always a quirky spin to be made. With a Master's degree in Magazine Journalism from The University of Sheffield, forth with short stints at Kerrang! and Exposed Magazine, Darragh started his career writing almost the tech industry at Time Out Dubai and ShortList Dubai, covering everything from the latest iPhone models and Huawei laptops to massive Esports events in the Centre East. Now, he can exist found proudly diving into gaming, gadgets, and letting readers know the joys of docking stations for Laptop Mag.