Microsoft has announced its latest earnings results, and this includes reporting on how the Xbox business specifically is performing. The Xbox division saw a 4% overall increase to revenue, reaching $3.61 billion, Windows Central reported.
According to DomsPlaying on Twitter, this is a new all-time record for revenue in a Q1 period (Microsoft’s Q1 ended September 30, 2022) for Xbox, dating back to the inception of Xbox more than two decades ago.
Xbox hardware saw a 13% increase in revenue thanks to ongoing sales of Xbox consoles and accessories. Xbox content and services, however, saw a decline of 3% in revenue. Microsoft said the declines were attributed, in part, to lower first-party and third-party game sales. Microsoft also reported “lower engagement hours” during the period. However, “higher monetization” and growth in Xbox Game Pass subscriptions helped offset the overall declines.