{"id":37470,"date":"2023-10-25T00:00:13","date_gmt":"2023-10-24T23:00:13","guid":{"rendered":"https:\/\/www.xtremeservers.com\/blog\/xbox-reveals-earnings-post-starfield-and-its-mostly-good-news\/"},"modified":"2023-10-25T00:00:13","modified_gmt":"2023-10-24T23:00:13","slug":"xbox-reveals-earnings-post-starfield-and-its-mostly-good-news","status":"publish","type":"post","link":"https:\/\/www.xtremeservers.com\/blog\/xbox-reveals-earnings-post-starfield-and-its-mostly-good-news\/","title":{"rendered":"Xbox Reveals Earnings Post-Starfield, and It&#8217;s (Mostly) Good News"},"content":{"rendered":"<div>\n<section class=\"article-page\">\n<p>Microsoft has just shared its <a href=\"https:\/\/www.microsoft.com\/en-us\/investor\/earnings\/FY-2024-Q1\/press-release-webcast\">first quarter results for the 2024 fiscal year<\/a>, and it&#8217;s mostly good news for Xbox. Following the long-anticipated release of <a href=\"https:\/\/www.ign.com\/articles\/starfield-review\">Starfield<\/a>, Xbox has broadly seen an increase in overall gaming revenue despite a decline in hardware. <\/p>\n<section data-transform=\"mobile-ad-break\"><\/section>\n<p>In its press release, Microsoft <a href=\"https:\/\/aka.ms\/slidesfy24q1\">confirmed<\/a> that Xbox content and services, which include the gaming subscription service Xbox Game Pass, saw a revenue increase of 13% over the last quarter. This follows the release of Starfield, touted as one of the most important releases in Xbox&#8217;s history, which managed to <a href=\"https:\/\/www.ign.com\/articles\/starfield-hits-10-million-players-in-less-than-three-weeks\">hit 10 million players in just three weeks<\/a> to become the biggest launch in Bethesda Game Studios&#8217; history. <\/p>\n<section data-transform=\"ignvideo\" data-slug=\"twf-starfield-graphics-explained-the-future-of-e3-disney-raises-price-more\" data-loop=\"\"><\/section>\n<p>Xbox also bolstered its revenue by <a href=\"https:\/\/www.ign.com\/articles\/psa-this-is-your-reminder-that-xbox-game-pass-price-is-rising-tomorrow\">raising the price on Game Pass<\/a>.<\/p>\n<p><strong>Xbox posts its first earnings since the Activision Blizzard merger<\/strong><\/p>\n<p>It was not all good news for Xbox, as hardware revenue declined by 7%. It was part of an overall decline that saw revenue from Microsoft hardware devices such as Surface tablets drop some 22%.<\/p>\n<p>While there is no direct explanation for the decline in Xbox hardware sales in the quarter, it is worth pointing out that <a href=\"https:\/\/www.ign.com\/articles\/all-the-major-revelations-from-the-ftc-vs-xbox-court-document-leaks\">several highly confidential documents from Microsoft recently surfaced online<\/a>. One of those documents included plans to release <a href=\"https:\/\/www.ign.com\/articles\/xbox-series-mid-generation-refresh-consoles-planned-for-2024-release-according-to-court-docs\">mid-generation model refreshes<\/a> of both the Xbox Series X and Series S sometime next year, with <a href=\"https:\/\/www.ign.com\/articles\/huge-microsoft-leak-reveals-plans-for-2028-next-gen-cloud-hybrid-xbox\">a next-generation Xbox console slated to release sometime in 2028<\/a>. <\/p>\n<section data-transform=\"slideshow\" data-slug=\"every-video-game-franchise-xbox-owns-after-acquiring-activision-blizzard\" data-value=\"every-video-game-franchise-xbox-owns-after-acquiring-activision-blizzard\" data-type=\"slug\" data-caption=\"\"><\/section>\n<p>While no mention of it in the overall financial results, it&#8217;s also worth pointing out this is the first earnings report Microsoft has published since it <a href=\"https:\/\/www.ign.com\/articles\/microsoft-just-bought-activision-blizzard-for-69-billion-so-whats-next\">successfully acquired Call of Duty maker Activision Blizzard<\/a> a few weeks ago. While it won&#8217;t have much of an impact on 2023, Microsoft is planning to bring a massive catalog of Activision Blizzard games to Xbox Game Pass <a href=\"https:\/\/www.ign.com\/articles\/phil-spencer-explains-why-there-wont-be-any-activision-games-on-game-pass-in-2023\">starting next year<\/a>. <\/p>\n<p>We&#8217;ll get a better look at Xbox&#8217;s future plans in a partner direct scheduled for tomorrow, though there are no plans to make any announcements pertaining to Activision Blizzard. You can find <a href=\"https:\/\/www.ign.com\/articles\/microsoft-announces-xbox-partner-preview-broadcast-event\">more details on the event right here<\/a>.<\/p>\n<section data-transform=\"divider\"><\/section>\n<p><em>Taylor is a Reporter at IGN. You can follow her on Twitter <\/em><a href=\"https:\/\/twitter.com\/TayNixster\"><em>@TayNixster.<\/em><\/a><\/p>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/www.ign.com\/articles\/xbox-reveals-earnings-post-starfield-and-its-mostly-good-news\">Go to Source (IGN.com)<\/a><\/p>\n<p>All content and images belong to their respected owners. This article is aggregated for informational purposes only with full credit to the source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft has just shared its first quarter results for the 2024 fiscal year, and it&#8217;s mostly good news for Xbox. Following the long-anticipated release of Starfield, Xbox has broadly seen an increase in overall gaming revenue despite a decline in hardware. In its press release, Microsoft confirmed that Xbox content and services, which include the<\/p>\n","protected":false},"author":3,"featured_media":37471,"comment_status":"registered_only","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,6,9],"tags":[4600,3773,63,315,563,325,4720,6707,1530,1637,18],"class_list":["post-37470","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-releases","category-pc","category-reviews","tag-4600","tag-fiscal","tag-good","tag-its","tag-just","tag-microsoft","tag-mostly","tag-quarter","tag-results","tag-shared","tag-xbox"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Xbox Reveals Earnings Post-Starfield, and It&#039;s (Mostly) Good News | Xtreme Servers<\/title>\n<meta name=\"description\" content=\"View Xbox Reveals Earnings Post-Starfield, and It&#039;s (Mostly) Good News for free, here on XtremeServers. Discover more great articles on our site. Join us today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xtremeservers.com\/blog\/xbox-reveals-earnings-post-starfield-and-its-mostly-good-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xbox Reveals Earnings Post-Starfield, and It&#039;s (Mostly) Good News | Xtreme Servers\" \/>\n<meta property=\"og:description\" content=\"View Xbox Reveals Earnings Post-Starfield, and It&#039;s (Mostly) Good News for free, here on XtremeServers. Discover more great articles on our site. 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