Tuesday December 5, 2023

Microsoft and Sony Booming Off Gaming

  • Microsoft and Sony are the latest tech companies to report earnings.
  • The Xbox and PS5 have brought business to a whole new level.
Xbox/Playstation/Design: Alex Brooks
Copy Link
Link Copied
Link Copied

Microsoft and Sony gaming consoles have brought their respective company’s businesses to a whole new level, based on each company’s latest earnings reports.

Microsoft reported revenue of $41.7 billion for its fiscal Q3 2021 — its best quarter in four years, helping bring its stock within 1% of the extremely rare $2 trillion market cap. 

Part of the reason? The meteoric rise of its gaming division. 

Microsoft launched its Xbox Series X|S console during the company’s fiscal Q2 in November and saw its first $5 billion quarter for gaming revenue. 

Tuesday’s earnings report revealed that Xbox hardware revenue grew 232% year-over-year in the first three months of 2021. Overall gaming revenue was down to $3.53 billion but was still a 50% increase over the same period last year.  

Estimates suggest Microsoft has probably sold around 5.8 million units of its new Xbox consoles, but the company doesn’t disclose exact hardware sales figures.

Sony, however, does — and the PlayStation 5 is flying off the shelves.

  • Since its launch in November, 7.8 million units have been sold.
  • It’s the company’s strongest console debut ever.

The Tokyo-based company released its latest earnings on Wednesday, reporting $82.5 billion in revenue for the fiscal year ending March 31, 2021. Of that amount, $24.4 billion came from Sony’s Game & Network Services group.

Copy Link
Link Copied
Link Copied

What to Read

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Lane Kiffin

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.
podcast thumbnail mobile
Front Office Sports Today

Premier League Sets New Bar with Media Deals


Featured Today

LSU Lady Tigers head coach Kim Mulkey reacts against the Iowa Hawkeyes during the NCAA Womens Basketball Final Four National Championship at American Airlines Center.

Who Is The Highest-Paid Women’s College Basketball Coach?

LSU rewarded Kim Mulkey after winning a national title after her second year leading the program.
The Pac-12’s Collapse Will Have Ripple Effects on College Basketball.
November 6, 2023

The Pac-12’s Collapse Will Have Ripple Effects on College Basketball

The existing Pac-12 host a college basketball season for the last time.
Favre Presley
November 3, 2023

Brett Favre Controversy Casts Shadow Over Mississippi Gubernatorial Race

Candidate Brandon Presley has made the scandal one of his talking points.
Josh Harris
November 1, 2023

Commanders Owner Josh Harris Begins Remodeling Product on the Field

The team added more draft picks ahead of what could be an offseason of change.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers

PENN Entertainment's High-Stakes Gamble with ESPN Bet Kicks Off on Tuesday

After his Barstool failure, PENN CEO Jay Snowden has plenty riding on a deal with ESPN.
The U.K. regulator is Microsoft's last major hurdle to pass.
August 22, 2023

U.K. Reconsiders Activision Takeover Amid Revised Microsoft Offer

Microsoft's new proposal grants cloud streaming rights to Ubisoft.
A general view as Faze Clan takes on EUnited during the Call of Duty League Finals e-sports event at Miami Beach Convention Center.
October 20, 2023

FaZe Clan, Once Valued at $725M, Sold at $16M Valuation to Jerry Jones-Backed GameSquare

The deal, closing in Q4 2023, is being characterized as a merger.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
A judge denied the FTC’’s injunction request to block Microsoft’s deal.
July 11, 2023

Microsoft Beats FTC to Move Forward With Activision Blizzard Takeover

A judge denied the FTC’’s injunction request to block Microsoft’s deal.
The FTC is filing an injunction to block Microsoft's deal.
June 12, 2023

FTC Makes Another Move to Block Microsoft’s Activision Blizzard Takeover

Microsoft's $69B takeover faces scrutiny in the U.S and U.K.
Goals from the Stanley Cup Final are being shown as 3D videos on Roblox.
June 7, 2023

NHL Uses Roblox to Recreate Stanley Cup Final Goals in 3D

The Roblox activation leverages the NHL's puck and player tracking system.
Nike's .Swoosh NFTs will integrate with future games from EA Sports.
June 2, 2023

Nike NFTs to Appear in EA Sports Video Games

Nike launched its .Swoosh NFT marketplace last year.