Microsoft had a particularly strong quarter as it recently revealed its latest earnings call few hours earlier. As it stands, the company’s revenue stands at $49.4 billion which is an 18 percent increase over the same period from last year. In the earnings call, the company noted a 4 percent revenue increase in Xbox content and services.
In the earnings call, Microsoft CEO Satya Nadella announced that over 10 million people have streaming games via Xbox Cloud Gaming. However, the company hasn’t revealed how many of these users are currently subscribed to the $14.99/month for Xbox Game Pass Ultimate which is the only tier that comes with cloud streaming option. As it stands, new users can sign up for Xbox Game Pass Ultimate for one month at just $1 and cancel after playing few titles for a while before it goes up to the standard pricing.
Despite that, Xbox gaming had a solid quarter which is evident from the 4% growth in content and services. Moreover, Xbox consoles enjoyed its strongest March sales in over a decade as hardware revenue was up by 14 percent and gaming revenue was up by 6 percent for a $3.74 billion total.
While Microsoft enjoyed a successful quarter, the company expects a dip in revenue due to hardware production and supply difficulties.