Microsoft breaks all-time earnings record amid recent Xbox success
MicrosoftThe big green machine is on track to have a massive 2024, with the newest financial report from Microsoft revealing that the company broke its all-time earnings record for the most recent quarter.
When it comes to the world of video games, Microsoft and Sony typically find themselves competing against one another. The two juggernauts measure their success based on earnings, game reviews, and overall player engagement.
For Microsoft, the past few years have seemingly been tougher than most. While the launch of their latest consoles, the Xbox Series S/X has been a success, a lack of first-party exclusives has seen fans of the big green machine frustrated by the minimal exclusive content.
However, this has not stopped the company from doing well financially. During the recent Microsoft financial report, the company revealed that the Q1 earnings broke the company’s all-time record.
A secondary report in regards to the financial details explains how “Microsoft achieved a record-breaking $3.919 billion in Xbox gaming revenues in Q1’24, up +$309 million YoY (+9%)” and that “first-party content & Xbox Game Pass were the main drivers, Xbox content & services up +13% YoY.”
These figures, particularly the increase in first-party content and Game Pass subscribers, is likely due to the massive hit that has been Starfield. Dexerto previously reported how the overall number of one day Game Pass subscribers was broken the day Starfield launched.
Therefore, Microsoft has put itself on track to overtake its highest overall yearly figure, which is currently held by the year 2022.
Time will tell if the big green machines are able to maintain this level of financial success. However, with the Activision deal now completed and more first-party games on the way, 2024 could be shaping up to be a massive year for the company.
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