Microsoft reports Xbox’s revenue is up 61% in Q4 FY24 thanks to Activision

Microsoft today released its earnings report for the fourth quarter of the 2024 fiscal year, which included details on how Xbox is performing. According to the company’s financial reports, Xbox content and services revenue is up by 61%, which is largely due to the impact of the company’s $69 billion acquisition of Activision Blizzard. The transaction completed in October 2023.

In addition to Xbox content, gaming revenue is up 44%, with 48 points of impact from the Activision acquisition; the 61% of growth also shows 58 points of impact from the same event. However, Xbox is down in areas that aren’t impacted by the acquisition, namely hardware. According to Microsoft, Xbox’s hardware revenue has dropped by 42% in Q4 FY24. Total revenue for the More Personal Computing segment (under which gaming and Xbox is nested) is at $15.9 billion, with operating income at $4.9 billion.