View source for News/Microsoft Revenue to increase 45%

{{News
|seo_title=Microsoft Revenue to increase 45%
|seo_keywords=Microsoft
|image=Microsoft.png
|tags=Microsoft
|date=2023-10-26T16:42:58.000Z
|sources={{NewsSource
|source=Game World Observer
|url=https://gameworldobserver.com/2023/10/25/xbox-record-q1-revenue-microsoft-expects-growth-45-49-percent
|article=News/Microsoft Revenue to increase 45%
}}
|author=Andura
|category=Business
|content=[[Companies/Microsoft|Microsoft]] released its Q1 24 earnings report. According to earnings report, there was a 13% year-over-year increase in revenue from Xbox content and services, while hardware sales (consoles) experienced a 7% decline compared to the same period in the previous year.

In total, Microsoft's gaming revenue reached $3.919 billion, reflecting a 9% year-over-year growth.  [[News/Activision Blizzard to Join Microsoft|Additionally, with the completion of the Activision Blizzard acquisition]], Microsoft anticipates a substantial growth in gaming revenue, projected to be in the "mid to high 40s" (45-49%) in the second quarter, concluding on December 31. Furthermore, Xbox content and services revenue is expected to show robust growth, falling in the "mid to high 50s" range (55-59%). This growth will be primarily driven by the inclusion of Activision Blizzard titles in Microsoft's portfolio and the upcoming release of Call of Duty: Modern Warfare III.
}}