Microsoft has shared its financial results for the opening segment of the 2024 fiscal year, with the numbers pointing to record gaming revenue across the quarter for Xbox, though hardware sales have seen a slight drop.
According to the data (thanks, Eurogamer) published by the company behind Xbox, its gaming arm generated just over $3.9 billion during the period running from July 1 to September 30, marking a year-on-year increase of 9% in terms of overall gaming revenue. This makes it Xbox’s highest-earning Q1 ever, with the numbers being acknowledged as record-breaking.
Microsoft cited strong performances from first-party titles and Xbox Game Pass as the main drivers behind the uptick in revenue. The most noteworthy of the former to arrive during Q1 was Starfield, with Microsoft CEO Satya Nadella (thanks, The Verge) having revealed in an investor call following the publishing the results that the RPG “set a record for the most Game Pass subscriptions added on a single day ever” on launch.