Xbox Revenue Grew 8% in Holiday Quarter, Xbox Series X|S Drives Hardware Increase - News
by William D'Angelo , posted on 25 January 2022 / 2,441 Views
Microsoft has released its earnings report for the first quarter of the 2022 fiscal year, which ended up December 31, 2021.
Xbox gaming revenue grew $411 million or eight percent year-over-year to $5.44 billion. This is compared to a strong Holiday quarter in 2020 with the launch of the Xbox Series X|S consoles.
Xbox hardware revenue grew four percent due to the continued high demand for the Xbox Series X|S.
Xbox Content & Services revenue grew 10 percent compared to a strong quarter a year ago. There was growth in first-party and Xbox Game Pass subscriptions that were partially offset by a decline in third-party software sales.
The Xbox had its best calendar year ever with revenue of $16.28 billion in 2021, which is up 17.7% compared to 2020.
Overall, Microsoft reported revenue up 20 percent year-over-year to $51.7 billion and net income up 21 percent to $18.8 billion.
The latest VGChartz estimates put Xbox Series X|S sell-through at 12.11 million as of January 15. The Xbox Series X|S is the fastest-selling Xbox console generation ever.
Xbox Game Pass has grown to over 25 million subscribers.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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Revenue is up, sales are up, production is up, subscriptions are up... I'd say they are off to a good start for 22.
Daniel Ahmad on twitter also said his estimates have Xbox Series X|S sellthrough at over 12 million, which is right in line with VGChartz
He's probably getting his numbers here.
Microsoft also as a whole apparently had a net profit for the quarter around $22.5 billion, meaning they are likely to make back everything they spent on ABK in pure profit before the deal even completes
I'm really curious to see the impact of a massive single player game like Starfield has not only on console sales, but game pass subscriptions.
And here we had people think Xbox isnt profitable or making enough.
You would think with all the strong Microsoft news lately, the stock wouldn't be down 21% from its 52 week high. Market seems to fear inflation, Russia/Ukraine conflict, and increased interest rates over strong company performances.
Isn't it down 16% from its 52-week high? 52 week high of $343.11, currently at $288.49? Either way, I agree. Looking like a buying opportunity. Especially because it pays a dividend too.
