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Xbox Hardware Revenue Up 16% in Previous Quarter,  Xbox Game Pass Continues to Grow

Xbox Hardware Revenue Up 16% in Previous Quarter, Xbox Game Pass Continues to Grow - News

by William D'Angelo , posted on 26 April 2022 / 2,124 Views

Microsoft has released its earnings report for the third quarter of the 2022 fiscal year, which ended up March 31, 2022.

Xbox gaming revenue grew six percent year-over-year to set a new record for the March quarter. Xbox hardware revenue grew 14 percent due to the continued high demand for the Xbox Series X|S.

Xbox Content & Services revenue increased four percent compared to a strong quarter a year ago. Microsoft cited growth in first-party and Xbox Game Pass subscriptions that were partially offset by a decline in third-party software sales.

Xbox Hardware Revenue Up 16% in Previous Quarter,  Xbox Revenue Up 16%

Microsoft CFO Amy Hood said the increase in Xbox hardware revenue was above her expectations due to Microsoft being able to ship more consoles to stores than originally expected.

Over the last 12 months - April 2021 to March 2022 - the Xbox brand has generated revenue of nearly $16.5 billion. This is an all-time record for Xbox over any 12 month period.

Overall, Microsoft reported revenue up 18 percent year-over-year to $49.4 billion and net income up eight percent to $16.7 billion.

The latest VGChartz estimates put Xbox Series X|S sell-through at 14.16 million as of April 16, 2022. The Xbox Series X|S continues to be the fastest-selling Xbox console generation ever as it is tracking ahead of the original Xbox, Xbox 360, and Xbox One.


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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12 Comments
aTokenYeti (on 26 April 2022)

This was a non holiday record quarter for Xbox’s revenue, they are really on a roll. What a massive recovery for the brand

  • +13
gtotheunit91 aTokenYeti (on 26 April 2022)

Really makes me wonder what kind of numbers we'll see this holiday season for Xbox since that's when most of their releases this year will be coming out with Starfield to cap it all off! Especially considering how many more consoles will be available amongst all the console manufacturers by that time.

  • +7
Pemalite aTokenYeti (on 26 April 2022)

It does help that their acquisitions are now able to contribute to the revenue pool.

It will be interesting to see how things jump after the acquisition of Activision/Blizzard.

  • +4
gtotheunit91 Pemalite (on 26 April 2022)

Have the acquisitions actually made that much of a difference yet though? Only new releases from acquired studios in 2021that would've had an effect were Psychonauts 2 and Deathloop (which isn't even on Xbox) along with live service games like ESO and FO76. That's not too much lol. This holiday season will definitely start to change all that though to where those acquisitions do make a huge difference in the revenue pool.

  • 0
scrapking gtotheunit91 (on 30 April 2022)

Yeah, I think cross-releasing everything on PC Day 1 probably helps their revenue as much or more than the acquisitions did.

  • 0
aTokenYeti aTokenYeti (on 26 April 2022)

Also interesting to note: Amy Hood just confirmed that Xbox is gaining console market share. First time I have heard a Microsoft exec say something like that in many years

  • 0
DeEscapist (on 27 April 2022)

So they sold less than in holiday quarter and had revenue 16% up?

  • 0
pukem0n (on 26 April 2022)

combines MS and Activision revenue would surpass PlayStation revenue at this point, would it not? Or it would be close, at least. I don't have the numbers exact numbers but think PS is somewhere over 20b while Activision around 9b, plus MS 16.5b would put them at around 25b, same ball park as PlayStation.

  • 0
Qwark pukem0n (on 27 April 2022)

If by some miracle they do not make more revenue than PlayStation they will just buy another publisher.

  • 0
LudicrousSpeed (on 26 April 2022)

Papa Phil, we are humbled

  • -2
Azzanation LudicrousSpeed (on 27 April 2022)

The mod that continues to downvote you, needs to be sacked.

  • 0
LudicrousSpeed Azzanation (on 27 April 2022)

Probably just a couple of Premium++ or whatever users. Console warriors don't have a sense of humor.

  • +2