Xbox FY22 Q1 revenue rises 16% citing Xbox Series X|S and Game Pass

Microsoft appear its first-quarter earnings for its 2022 financial year on Tuesday, reporting a 22% increase in company-broad acquirement at $45.three billion. Information technology also posted a 16% ascent in gaming revenue, signaling continued year-over-year growth for its Xbox brand.

Xbox content and services saw a 2% year-over-yr increase, attributed to growth in its Xbox Game Pass subscription service and in-house first-party titles. That uptick follows a strong previous fiscal yr attributed to the COVID-19 pandemic, where Xbox services grew 30% amid a spike in demand for digital entertainment. Revenue from 3rd-political party titles declined over the period.

Microsoft also announced a 166% year-over-year jump in Xbox hardware revenue, driven by its latest generation consoles, Xbox Series X and Xbox Series Due south. That compares to a decline in Xbox One console sales throughout the first quarter of its 2022 fiscal year, prior to the November launch of its Xbox consoles.

These latest figures follow recent reports that Microsoft barbarous brusque of its Xbox Game Pass subscriber targets, achieving 37.45% growth versus its targeted 47.79% in its 2022 fiscal twelvemonth. The numbers, published via a recent SEC filing, are amidst several functioning goals for tiptop executives at Microsoft. The latest official number on its Xbox Game Pass service confirmed 18 million subscribers equally of January 2022.

Xbox Game Laissez passer continues to represent a new acquirement opportunity for Microsoft, funneling members into its console and PC services, serving upwards hundreds of games for a flat monthly fee. The Xbox Game Pass Ultimate service as well offers perks like cloud gaming, streaming full-fledged Xbox titles to iOS and Android mobile devices. All the same, with blockbusters like Halo Infinite and Forza Horizon 5 nevertheless to come up, future opportunities remain ahead for its services.

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The AT&T version of Surface Duo is now getting Android 11

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