Microsoft reported its fourth quarter earnings on Tuesday, when it said gaming revenue decreased $259 million or 7% compared to the same period last year,Xbox hardware revenue decreased 11% and Xbox content and services revenue fell 6%, “driven by lower engagement hours and monetization in third-party and first-party content, partially offset by growth in Xbox Game Pass subscriptions”, Microsoft said.
Nevertheless, $3.45 billion in quarterly sales for Xbox represents the division’s second-best fourth quarter ever, according to independent market analyst @DomsPlaying. “Assuming ~ $3.45B in quarterly gaming sales, annual revenue from Xbox reached $16.22B,” he tweeted. “While that’s down a bit on a rolling basis, it’s the highest fiscal year sales ever for Xbox.”
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