Microsoft had yet another stellar quarter, with its gaming segment seeing massive gains compared to the previous year. The company’s gaming revenue hit $5,031 million in the last quarter of 2020, an increase of 51% or $1.7 billion YoY. Xbox content and services also saw a notable growth of 40% or $998 million YoY in revenue, thanks to Game Pass and a few select first-party games.
Now, for the interesting bit. Revenue from Xbox Hardware grew by nearly 2x in the last quarter. Thanks to the launch of the new Xbox Series X|S consoles, the earnings from hardware were up by 86% despite severe shortages and the supply failing to meet demand.
Here are some interesting stats about MS’s Q4 revenue:
- Revenue was $43.1 billion and increased 17%
- Operating income was $17.9 billion and increased 29%
- Net income was $15.5 billion and increased 33%
- Diluted earnings per share was $2.03 and increased 34%