Businesses are flocking to Microsoft’s cloud services.
It’s nearly been a year since Microsoft’s Xbox Series X and Series S consoles have been on the market, and they’ve been continually growing hardware revenue for Xbox in recent months. Hardware revenue is up again this quarter by 166 percent, thanks to continued demand for Xbox Series X and Series S consoles.
Microsoft’s overall gaming revenue is also up by 16 percent, nearly $3.6 billion for the quarter and a record Q1 for Xbox. But Xbox content and services revenue has only increased by 2 percent. Microsoft says there has been some “growth in Xbox Game Pass subscriptions,” but the company isn’t listing a new figure for its subscriber count. The last publicly disclosed one was 18 million Xbox Game Pass subs in January 2021.