Microsoft released financial results: gaming revenue up

Microsoft released financial results: gaming revenue up

Microsoft today announced financial results for the third quarter of fiscal year 2022, relating to the period January 1, 2022 through March 31.The presentation included an update on the performance of the More Personal Computing business, which includes the Microsoft gaming division and Xbox brand.You can read all the relevant numbers for this segment on the slides below.We learned that Microsoft's gaming revenue grew 6% year over year ($3.740 billion The improvement was driven by growth in Xbox Game Pass and first-person game subscriptions, partially offset by a decline in third-person game revenue.Xbox hardware revenue was up 14% due to continued demand for the Xbox Series X|S.Speaking of Microsoft as a whole, you can check out the key results in the slide below.
As you can see, all of the relevant numbers are in the negative and are showing significant year-over-year growth, which has been typical for Microsoft in recent quarters.As usual, it's worth noting that Microsoft doesn't use the traditional fiscal year of April through March, but instead sticks to its own calendar of July through June, so the results described here are for the third quarter, not the fourth.

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