Image of Xbox Series X and Series S side-by-side with Xbox Wireless Controllers.

Xbox FY23 Q1 gaming revenue up 4% thanks to hardware, offset by reduced content engagement

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What you need to know

  • Microsoft has revealed its earnings report for the first quarter of fiscal year 2023, which ended Sept. 30, 2022.
  • The earnings report reveals that the Xbox division saw a 4% uptick in revenue over the same period last fiscal year.
  • This increase was driven by a 13% increase in revenue from hardware sales, such as consoles.
  • The gains were offset by a 3% decline in content and services revenue, partially from a lack of first-party content.

Microsoft has detailed its earnings report for FY2023 Q1, the beginning of a new fiscal year that ended Sept. 30, 2022. The earnings report shows increased revenue for Microsoft as a whole, with Xbox also seeing a small increase over the numbers reported during the same period last year.

According to Microsoft (opens in new tab), the Xbox division reported a 4% increase in overall revenue, up to $3.61 billion. This is driven primarily by a solid 13% increase in revenue from Xbox hardware, such as the sales of Xbox Series X and S consoles, accessories, and more.

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