Xbox FY24 Q1 gaming revenue up 9% year-over-year, driven by first-party games and Xbox Game Pass

What you need to know

  • Microsoft shared its financial results for FY24 Q1, the quarter ending Sep. 30, 2023. 
  • Gaming revenue is up 9% year-over-year.
  • Xbox content and services revenue was up 13% driven by Xbox Game Pass and first-party game growth. 
  • Hardware revenue was down 7% year-over-year.

The latest financial results paint an interesting picture for Xbox. 

Microsoft’s FY24 Q1 results are in, revealing the company’s sales figures for the financial quarter ending on Sep. 30, 2023. Xbox gaming revenue is up 9% year-over-year over the FY23 Q1 period, beating expectations. Notably, while Xbox hardware revenue was down 7% year-over-year due to lower consoles sold, Xbox content and services revenue was up 13% year-over-year. 

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