Activision Blizzard helped drive Microsoft’s gaming division to a record third quarter, despite a significant decline in Xbox hardware sales.
For the three months ended March 31, 2024, gaming revenue was up 51% year-over-year, including 55 points of net impact from Activision, to a record $5.45 billion.
Xbox content and services revenue rose 62%, driven by 61 points of net impact from Activision, but Xbox hardware revenue declined 31% year-over-year.
