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Microsoft has released its earnings report for the fourth quarter of the 2022 fiscal year, which ended up June, 2022.
Xbox gaming revenue decreased seven percent or $259 million year-over-year. This was due to a drop in Xbox content and services and Xbox hardware. This is in-line with what Microsoft expected for the quarter.
Despite the drop in Xbox gaming revenue this is the second best fourth quarter ever for Xbox. Xbox hardware revenue did drop 11 percent.
Xbox Content & Services revenue decreased six percent. This was due to “lower engagement hours and monetization in third-party and first-party content.” This was partially offset by growth in the number of Xbox Game Pass subscriptions.
Overall, Microsoft reported revenue up 12 percent year-over-year to $51.9 billion and net income up two percent to $16.7 billion.
The latest VGChartz estimates put Xbox Series X|S sell-through at 15.79 million as of July 16, 2022. The Xbox Series X|S continues to be the fastest-selling Xbox console generation ever as it is tracking ahead of the original Xbox, Xbox 360, and Xbox One.
A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.