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Xbox + Microsoft FY24 Q3 Results: Total Gaming +51%, Content and Services +62% Hardware -31%

Jaybe

Member
Microsoft Overview
  • Revenue was $61.9 billion and increased 17%
  • Operating income was $27.6 billion and increased 23%
  • Net income was $21.9 billion and increased 20%
  • Diluted earnings per share was $2.94 and increased 20%

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FY24 Q3 - Press Releases - Investor Relations - Microsoft
 

Jaybe

Member
Gaming revenue without the addition of ABK would have been a 4% decline

Something that’s been masked in this reporting is the ABK side of the business had a -17% decline:

Using Welfare’s post and going back to ATVI earnings reports, it looks like the ABK side of the business lost a significant amount of revenue versus year ago (-17.3%) likely due to CODMW3 selling a fair bit less than CODMW2.

ABK JanFebMar2024: $1.971 billion
ABK JanFebMar2023: $2.383 billion
$ change: - 412 million
ABK year over year $ change, -17.3%


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Jaybe

Member
Below was the prior year’s quarter Jan 23 to Mar 23) as a comparison without ABK included. What’s striking is that has dropped nearly a third again. Probably why thr movement to multiplatform and the rumours they are considering to an OEM PC like branded Xbox.

Xbox + Microsoft FY23 Q3 Results: Total Gaming -4% ($3.607B), Content & Services +3%, Hardware -30%​

 

Kacho

Gold Member
Below was the prior year’s quarter Jan 23 to Mar 23) as a comparison without ABK included. What’s striking is that has dropped nearly a third again. Probably why thr movement to multiplatform and the rumours they are considering to an OEM PC like branded Xbox.
Wasn't hardware down last year due to shortages? So it's down another 30% this year without shortages. Crazy!
 

Dane

Member
One thing i've noticed is that Xbox seems to have always a better profit ratio against its install base. Their 85%+ digital ratio + almost the entire active userbase paying subscription helps that.
 
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