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Here’s How Xbox Is Doing Financially

by : Ewan Moore on : 28 Apr 2017 09:23

I see you sat over there – you look like the kinda swell dude who wants to know how Xbox is doing is financially. Luckily for you, Microsoft have given us an update on just that.

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The tech giant just recently announced the results of its latest fiscal quarter (which ended on March 31, 2017), giving us a window into the current state of its gaming arm.

Xbox is in fact a part of Microsoft’s More Personal Computing division, which suffered a revenue decline 7% thanks to slow phone sales.

Fret not though, the Xbox itself actually held its own, with an increase of 4% in gaming revenue for the quarter, reaching a tasty $1.928 billion.

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Microsoft have put this increase in revenue down to the growth of Xbox Live, which enjoyed a surge of 13% in monthly active users across Xbox, PC, and mobile – 52 million up from 46 million during the same period a year ago.

Meanwhile, revenue from Xbox software and services were up 7%, though the company didn’t share a specific figure in terms of filthy cash dollar. Microsoft put this down to ‘a continued adoption of digital distribution and a strong game lineup’.

Microsoft saw an overall revenue of $22.1 billion for the quarter, with a net income of $4.8 billion. With the impending arrival of the Scorpio, one can only imagine things are about to get even better for the company.

Ewan Moore

Ewan Moore is a journalist at UNILAD Gaming who still quite hasn't gotten out of his mid 00's emo phase. After graduating from the University of Portsmouth in 2015 with a BA in Journalism & Media Studies (thanks for asking), he went on to do some freelance words for various places, including Kotaku, Den of Geek, and TheSixthAxis, before landing a full time gig at UNILAD in 2016.

Topics: Gaming

Credits

GameSpot
  1. GameSpot

    How's Xbox Doing? Key Takeaways From Microsoft's Earnings