• Loading stock data...
Sunday, July 14, 2024

Microsoft Sees Gaming Revenue Take Hit in Q4

  • Xbox content and services reported a 6% decrease in revenue compared to Q4 2021.
  • Gaming revenue fell by $259 million during the quarter — a 7% decline year-over-year.
Microsoft-Xbox-event
Microsoft

Microsoft reported $51.9 billion in revenue in fiscal Q4, marking its slowest revenue growth since 2020, as it undergoes the approval process for the biggest gaming acquisition in history.

The tech giant generated $198.3 billion in revenue in FY2022, an 18% uptick compared to the same period last year. Full-year operating income reached $83.4 billion, growing by 18%. 

  • Microsoft Cloud posted $25 billion in revenue in Q4, a 28% increase year-over-year. 
  • Its Personal Computing segment — which includes Xbox — saw revenue hit $14.4 billion in Q4.
  • Xbox content and services reported a 6% decrease in revenue compared to Q4 2021.
  • Gaming revenue fell by $259 million in fiscal Q4 2022 — a 7% decline year-over-year. 

Microsoft attributed the drop in gaming revenue to a decrease in Xbox hardware sold, which was also compounded by the decline in Xbox content and services revenue in Q4. The company, like many others in tech, has suffered from the ongoing semiconductor shortage.

Lengthy Process

Earlier this month, Microsoft submitted “Second Request” documents to the FTC regarding its $68.7 billion purchase of Activision Blizzard, which could be approved as soon as August.

Microsoft is close to gaining approval from the FTC, but its deal for Activision is being investigated by the Competition and Markets Authority — a U.K. antitrust watchdog. The CMA is considering whether the deal will harm competition, lead to high prices, or reduce choices.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

‘Jaw-Dropping’ Noncompete Ban Could Shake Up Pro Coaching, Experts Say

Many pro coaches are banned from interviewing for other jobs without team approval.

Electronic Arts’ Layoffs Signal Ongoing Evolution, Struggles

The company is set to make a second major round of staff cuts in the last year.
microsoft

Microsoft Finalizes $69B Acquisition of Activision Blizzard

The company beat numerous antitrust concerns to get the deal done.
The U.K. regulator is Microsoft's last major hurdle to pass.

U.K. Reconsiders Activision Takeover Amid Revised Microsoft Offer

Microsoft’s new proposal grants cloud streaming rights to Ubisoft.
podcast thumbnail mobile
Front Office Sports Today

Warner Bros. Discovery Faces Final Decision on NBA Rights

0:00

Featured Today

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 8, 2024

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Oct 27, 2023; Sacramento, California, USA; A general of the Sacramento Kings logo on the court before the game against the Golden State Warriors at Golden 1 Center.

How Sports Went From Private Equity Punchline to Coveted Asset Class

Once an industry punchline, sports are now a coveted asset class.
DraftKings
February 16, 2024

DraftKings Trends Toward the Black, Buys Lottery App

The sports gambling giant continues to narrow its losses.
April 2, 2024

Silver Lake to Take Endeavor Private, Ending Tough Stock Market Run

Private equity giant Silver Lake is set to acquire the remaining shares it didn’t already own.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
Exterior of Nike Company Store
February 16, 2024

Nike to Lay Off 2% of Its Workforce in Cost-Savings Effort

The sportswear giant hinted at staff cuts in a December earnings call.
February 7, 2024

ESPN DTC to Debut by Fall 2025, but Streaming Alliance Hastens Market Entry

Date set for stand-alone version of network, but new joint venture will beat that by a year.
January 22, 2024

They Make Sports Balls—and They Could Be Worth Almost $9 Billion

Amer Sports looks to raise as much as $1.8 billion in the public markets.
A view of a FanDuel sportsbook location.
January 18, 2024

FanDuel Strengthens U.S. Dominance Ahead of NYSE Debut

Flutter posts strong financial results as NYSE shares are set to debut Jan. 29.