Xbox on the Rise; 10 Million Users of Microsoft's xCloud
Microsoft's new financial report is full of data about revenue and profit growth. We also learned about the popularity of the streaming service xCloud.
Microsoft has announced its financial results for the first quarter of the year. The corporation generated revenue of $49.4 billion, which is 18% more than in the same period of 2021. In turn, the profit amounted to 16.7 billion dollars, which is an increase of 8%.
Financial results of Microsoft's gaming division
We are, of course, most interested in the figures for Microsoft's gaming division.
- The PC division, which includes both consoles, Windows and the company's computers, generated $14.5 billion in revenue (up 11%).
- The gaming division alone generated $3.74 billion in revenue, up 6% from the first quarter of 2021. According to the company's CEO, this is due in part to the growing importance of Game Pass and games published by Microsoft.
- Revenue from sales of Xbox family hardware grew 14%, while games and related services grew 4%.
- 10 million people have already taken advantage of the xCloud game streaming option. This is the first time Microsoft has revealed any numbers about the popularity of this service.
- In the last twelve months, Game Pass owners spent 45% more time playing games than in the previous year.
Microsoft and its gaming division are thus doing well. In virtually all areas, the company saw growth compared to the first quarter of 2021, which was also record-breaking in many ways.
It is worth noting that last month brought the best March results for the corporation in 11 years in the U.S. market. Microsoft received more revenue from console sales than competing Sony and Nintendo, although in terms of the number of units sold the leader was the Switch.
