Microsoft CEO Satya Nadella Says Tech Giant Has 500M Monthly Users Across Gaming Platforms, Devices: 'Our Content Pipeline Has Never Been Stronger'
Portfolio Pulse from Ananya Gairola
Microsoft CEO Satya Nadella announced that the company's gaming platforms have reached 500 million monthly active users. The company previewed 30 new titles, including Call of Duty: Black Ops 6, and reported a 44% rise in gaming revenue, largely due to the Activision acquisition. Xbox content and services revenue increased by 61%. Microsoft anticipates gaming revenue growth in the mid-30s for the first quarter, despite a projected decline in hardware revenue. The company's fourth-quarter revenue was $64.7 billion, exceeding expectations.
July 31, 2024 | 4:56 am
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Microsoft's gaming platforms have reached 500 million monthly active users, and the company reported a 44% rise in gaming revenue, driven by the Activision acquisition. Xbox content and services revenue increased by 61%. Despite a projected decline in hardware revenue, Microsoft anticipates gaming revenue growth in the mid-30s for the first quarter. The company's fourth-quarter revenue was $64.7 billion, exceeding expectations.
The significant increase in gaming revenue and the large user base across gaming platforms are positive indicators for Microsoft's growth in the gaming segment. The Activision acquisition has had a substantial impact, and the company's overall revenue exceeded expectations, which is likely to positively influence the stock price in the short term.
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