Microsoft’s gaming business continues to grow, according to the company’s financial report for the third quarter (ended March 31).

Key data from the report

  • Microsoft’s total revenue for the third quarter was $41.7 billion, which is up 19% year-over-year. The company also reported a net income of $15.5 billion, which is up 44% year-over-year.
  • Gaming revenue was $3.53 billion, which is up 50% from the previous year. It is the best Q3 for the division ever.
  • According to Niko Partners senior analyst Daniel Ahmad, Microsoft’s gaming revenue over the past 12 months (ended March 31, 2021) was around $15 billion. It’s up 45.6% year-over-year. The launch of new consoles and including ZeniMax’s products in the company’s reports were the main drivers.

  • Xbox content and services revenue was around $2.89 billion, which is up 34% year-over-year. It was driven by third-party titles, Game Pass subscriptions, and first-party games.
  • Xbox hardware revenue was around $635 million, which is up 232% year-over-year. The continued demand for Xbox Series X|S was the main driver.

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