• Loading stock data...
Friday, March 29, 2024
2024 Best Venues nominations are open now through April 8! Submit Now

Xbox Sales Surge As Microsoft Posts $41.7B Quarter

  • Xbox was the top selling console series in March and the first quarter.
  • Microsoft earned $41.7 billion in Q1 revenue.
Microsoft
Xbox

Microsoft’s acquisition of Activision Blizzard is not expected to close until 2023, but its gaming division is already seeing excellent results.

Xbox had its best sales month ever in March, topping its previous record from March 2014.

  • Hardware sales reached $515 million in March and $1.2 billion in the first quarter, with the Xbox Series leading in both timeframes.
  • Nintendo was the leader in total consoles sold. 
  • Supply chain issues were a factor for Sony’s PlayStation, which struggled to meet demand.

Microsoft’s $75 billion acquisition of Activision Blizzard has a number of hurdles to clear. The deal is receiving regulatory scrutiny and is complicated by the gaming giant’s legal challenges. 

Earlier this month, two prominent California government lawyers resigned in protest, saying that Gov. Gavin Newsom meddled in the case in Activision’s favor.

Big Quarter

Microsoft posted $41.7 billion in revenue in the first quarter of the year, up 18% year-over-year, led by 46% growth in cloud service revenue. 

Xbox content and services revenue rose 4% year-over-year, helping the company’s More Personal Computing segment collect $14.5 billion in the quarter.

Microsoft is hiring a manager to evaluate potential gaming acquisitions, leading to speculation that the company is looking to grow its gaming portfolio.

Microsoft beat earnings expectations, and its stock rose around 2% in after-hours trading on Tuesday.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

March 22, 2024, Brooklyn, NY, USA; Northwestern Wildcats guard Brooks Barnhizer (13) and Northwestern Wildcats guard Boo Buie (0) react in overtime against the Florida Atlantic Owls in the first round of the 2024 NCAA Tournament at the Barclays Center.

‘An Expensive Game’: March Madness and NIL Collectives Are Intertwined

At schools nationwide, collectives are fueling NCAA tournament runs and vice versa.
Iowa’s Caitlin Clark (22) waits to be announced in the starting lineup against West Virginia in a NCAA Tournament round of 32 game Monday, March 25, 2024 at Carver-Hawkeye Arena in Iowa City, Iowa.

The Women’s Trading Card Market Is Overlooked. Can Caitlin Clark Change That?

Traditionally, women’s sports cards have been a marginal part of collectibles.
The Sports Illustrated cover signed by Derek Jeter and Alex Rodriguez, February 27, 2019, at Don & Charlie's, 7501 E. Camelback Road, Scottsdale. Don Charlie S

Everything You Need to Know About the Ongoing ‘Sports Illustrated’ Saga

Understanding the strange state of affairs for the nearly 70-year-old publication.
podcast thumbnail mobile
Front Office Sports Today

Why the Timberwolves Sale was Called Off

0:00
0:00

Featured Today

The Good, the Bad, and the Ugly: Inside the Big East’s Bizarre Online Subculture

Peeling back the curtain on the ‘phenomenally weird’ Big East online ecosystem.
Mar 21, 2024; Brooklyn, NY, USA; Stetson Hatters guard Stephan Swenson (30) reacts during team practice at Barclays Center.
March 22, 2024

First-Time NCAA Men’s Tourney Bids Could Be on the Verge of Extinction

Power and success are consolidating around the richest teams in college sports.
March 17, 2024

‘Everybody Was Under Suspicion’: The Day Selection Sunday Was Scooped

In 2016, the ‘Selection Show’ backfired when the bracket was leaked anonymously.
Sep 3, 2023; Seattle, Washington, USA; Orlando Pride forward Ally Watt (11) and Orlando Pride forward Julie Doyle (20) enter the stadium before the game against OL Reign at Lumen Field.
March 16, 2024

So Long, White Shorts: Here’s Why the NWSL’s Uniform Pivot Matters

There’s finally a growing trend to adapt women’s sports to women’s bodies.

Careers

Powered By

Careers in Sports

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

Apple Looks for Broad Reach with Scoreboard App

Apple Sports launched on Wednesday, as the MLS season kicks off.
Sponsored

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
February 16, 2024

Wilson Introduced an Airless Basketball for $2,500. We Had Questions

The black, 3D-printed ball appeared in last year’s Slam Dunk Contest.
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
Sponsored

How Cisco and the NFL Are Shaping a More Inclusive Future

The NFL and Cisco partner to launch the NFL IT Apprenticeship Program.
The Los Angeles Chargers are leaning into their Hollywood home to promote Disney's upcoming movie.
September 12, 2023

AI Robots Take Seats At NFL Game

Disney used SoFi Stadium to promote its upcoming science fiction movie.
Sponsored

MLS’ Chris Schlosser on Pioneering the Digital-First Sports League with AI

Chris Schlosser discusses MLS’s growth and digital transformation.
Both executive see Apple's headset impacting sports viewing.
July 14, 2023

Bob Iger, Adam Silver Promote Apple Vision Pro’s Impact on Sports

Both executives envision Apple’s headset impacting sports viewing.