What you need to know
- Microsoft shared its financial results for FY24 Q4, the quarter ending June 30, 2024.
- Gaming revenue was up 44%, with growth coming from the acquisition of Activision Blizzard King compared to 2023.
- Xbox content and services revenue was up 61% year-over-year.
- Xbox hardware revenue is down 42% year-over-year.
As a long-time gamer and tech enthusiast who has witnessed Microsoft’s transformation over the years, I must say that the company’s financial results for FY24 Q4 are nothing short of impressive! The gaming industry has always been a passion of mine, so seeing Microsoft’s gaming revenue skyrocket by 44% is like striking it rich in a game of Minecraft.
As an analyst, I’m observing how the largest gaming acquisition in history is significantly influencing Microsoft’s fiscal landscape.
On Tuesday, Microsoft disclosed its fourth quarter financial findings for fiscal year 2024, highlighting performance across various business sectors. Notably, gaming revenue experienced a 44% increase compared to the same period last year. This growth, as observed in quarters three and two of FY24, is largely attributable to Microsoft’s acquisition of Activision Blizzard King, finalized in October 2023.
The income from Xbox content and services has increased by 61%, primarily due to the purchase of Activision Blizzard King, although not exclusively so. On the other hand, the earnings from Xbox hardware have decreased by 42% compared to the previous year.
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2024-07-30 23:39