Starfield Gives Xbox One of its Best Non-Holiday Quarters, Xbox Series X/S Slump Continues
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Microsoft has reported its earnings for Q1 2024 (unusually, their fiscal year runs from the beginning of July to the end of June) and it was a good three months for the company, including the Xbox gaming division. Xbox is often one of the weaker divisions of the tech megacorp, but that wasn’t the case this quarter – Gaming revenue was up 9 percent compared to Q1 2022, with Xbox content and services revenue up 13 percent thanks to the much-anticipated release of Starfield and a boost in Game Pass subscriptions that saw a record number of hours played. Speaking of records, Twitter user John Welfare has been tracking the percentages the Xbox business has gone down quarter-to-quarter, and estimates Q1 2024 was Xbox’s best non-holiday quarter ever. These aren’t official numbers, but still, food for thought.
The top 6 financial quarters for Xbox. Q1 2024 is only behind 5 holiday quarters. pic.twitter.com/IQenVdUOmv
— John Welfare (@Welfare_JBP) October 24, 2023
During Microsoft’s Q1 earnings call, Microsoft CEO Satya Nadella provided the following positive assessment of the Xbox division…
“We were delighted to close our acquisition of Activision Blizzard King earlier this month. Together, we will advance our goal of bringing great games to players everywhere on any end point. Already with Game Pass we are redefining how games are distributed, played, and discovered. We set a record for hours played for subscribers this quarter. We released Starfield this quarter to broad acclaim, more than 11 million people have played the game to date. Nearly half of the hours played have been on PC and on
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