Microsoft has released Q1 figures for its fiscal year 2022which closed on September 30, 2022. Among the information shared by the Redmond giant, we discover that the Xbox division has seen a decline in revenues from content and services, but at the same time there has been an increase on the hardware front.
The total revenue from the Xbox division they “grew slightly” during the last quarter and amounted to about $ 3.6 billion, which is a absolute record for Q1 and a result “above expectations” of the company.
I content and services recorded an overall decline, although Xbox Game Pass has seen its membership grow further. Microsoft attributed the decline to both first-party and third-party content, revealing that they found “lower engagement hours”, partially offset by “growth in Xbox Game Pass subscriptions“.
Despite the decline on the software side, the revenue related to Xbox hardware, which increased by 13% on an annual basis. In this case, this is a result “well above Microsoft’s expectations”, and probably a sign of how companies are starting to face the shortage of semiconductors more effectively (as also demonstrated by the sharp increase in PS5 sold in September. ).