Xbox games revenue surges with Activision boost and Game Pass users rack up millions of hours playing Diablo 4 - Microsoft Q3

Microsoft has announced its third quarter earnings for the period ending March 31, 2024, noting a 62% revenue increase in Xbox content and services.

As part of the More Personal Computing sector, Microsoft said the increase was driven by 61 points of net impact from the Activision acquisition. Thanks to the latter, revenue for the sector was up 17% to $15.6 billion year-over-year (yoy). However, taking Activision Blizzard King out of the equation, revenue for Xbox content and services was only up by 1%.

Gaming revenue was up 51% yoy to $5.45 billion, but once again, 55 points were from Microsoft’s acquisition of Activision Blizzard King, otherwise, the sector would have reported a decline of 4% yoy.