Microsoft Q1 FY21 Earnings: Gaming revenue up 22%!

Gaming is one of those industries which benefit from the forced inaction due to lockdown and the COVID-19 pandemic.

This was clearly reflected in Microsoft’s Xbox revenue, with overall gaming revenue up 22%.

This was driveby by a 30% YoY in Xbox content and services revenue due to strength from 3rd party titles, Xbox Game Pass subscriptions and first-party titles.

Hardware revenue is reportedly down -27% YoY due to a decline in XB1S/X sales.

The numbers are a reduction from the earlier quarter, but a massive improvement from the previous rather flat to down quarters. Microsoft credits Xbox and Surface as the two drivers for the $4.75 billion profit of the More Personal Computing division.

See Microsoft’s full results here.