Xbox Content and Services Revenue Increases as Hardware Falls

Microsoft says it still expects the close the Activision Blizzard acquisition in fiscal year 2023.

’s Xbox hardware revenue declined 30 percent year-over-year in the three months ended March 31, 2023, the tech giant reported Tuesday.

However, the company attributed the drop in revenue to an elevated supply of consoles in the prior year, thus creating a tough comparison. Xbox content and services revenue increased 3 percent, driven by better than expected monetization in third party and first-party content and growth in the Xbox Game Pass, its subscription service that gives users access to Xbox games on consoles, PCs and mobile devices.

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