“Xbox Dominates Q3 Revenue Charts: Microsoft’s Console Continues to Thrive Despite Pandemic”

“Xbox Dominates Q3 Revenue Charts: Microsoft’s Console Continues to Thrive Despite Pandemic”

Microsoft has announced its Q3 earnings report for its gaming division, revealing that the company experienced its second-best Q3 ever for Xbox revenue. Despite the release of the next-gen consoles being back in November, the company’s gaming revenue grew by 50% YoY, with Xbox content and services growth increasing by 34%. The overall gaming revenue was $3.5 billion, which exceeded Wall Street’s expectations.

The success of Xbox Game Pass and continued engagement on Xbox Live are among the contributing factors to the record-high revenue. Additionally, the company’s recent acquisition of Bethesda Softworks and its game development studios have added more value to Microsoft’s gaming division.

This positive news reaffirms Microsoft’s commitment to the gaming industry, with the company continuing to invest in developing new games and acquiring new studios. The firm has already revealed upcoming releases, such as Halo Infinite and Forza Horizon 5.

Overall, the future looks bright for Microsoft’s gaming division as they continue to dominate the market with their innovative offerings.

Key Takeaway:
– Microsoft experienced its second-best Q3 ever for Xbox revenue, exceeding Wall Street’s expectations.
– The success of Xbox Game Pass and Xbox Live are among the contributing factors to the record-high revenue.
– The acquisition of Bethesda Softworks has added more value to Microsoft’s gaming division.
– Microsoft’s commitment to the gaming industry is evident with their investment in developing new games and acquiring new studios.

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