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Microsoft released its fourth-quarter earnings Tuesday, recording revenue of $46.15 billion, nearly $2 billion more than analyst estimates, and a 21% increase from Q3.
Despite ongoing chip shortages worldwide, Xbox hardware revenue increased 172% during the quarter with help from the Xbox Series X and Series S.
Overall gaming revenue increased 11% year-over-year to $3.7 billion, thanks in part to Microsoft’s acquisitions and Xbox Game Pass.
- Microsoft recently completed its $7.5 billion acquisition of ZeniMax — Bethesda’s parent company. Bethesda is the publisher behind “Fallout” and “The Elder Scrolls” and is bringing “Starfield” and “Redfall” exclusively to Xbox in 2022.
- Game Pass is offered for $9.99 or $14.99 per month and includes 23 million subscribers who spend 50% more on content than non-subscribers.
Though Microsoft doesn’t release the number of units sold, the Xbox Series X and Series S were the highest-grossing consoles last month in dollar sales, per the NPD Group.
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