Microsoft reports highest ever quarterly gaming earnings

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Microsoft has posted its best-ever quarter in terms of games-related earnings.

In its latest financial report, it stated that for the quarter ended December 31, 2018, its games-related revenue was $4.23 billion, from a total company-wide revenue of $32.5 billion.

The report shows that despite a year-on-year drop in games hardware sales – down 19 per cent – games-related software and services sales were up 31 per cent year-on-year. Microsoft CEO Satya Nadella said: “Our strong commercial cloud results reflect our deep and growing partnerships with leading companies in every industry including retail, financial services, and healthcare. We are delivering differentiated value across the cloud and edge as we work to earn customer trust every day.”

The report also stated that Xbox Live monthly average users increased (across the Xbox, PC and mobile platforms) by 8 per cent to 64 million, with Xbox Game Pass and Mixer users also hitting: “All-time highs”.

Meanwhile, Microsoft is known to be working on the successor to the Xbox One, codenamed Scarlett. Since the financial report highlights that Xbox One sales are slowing – unsurprisingly for a console which has been on sale for five years – it’s a fair bet that the company will unveil Scarlett before too long.

In the meantime, you might want to watch Microsoft’s official Xbox website.

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Steve Boxer
Steve Boxer has been writing about videogames since the early 1990s. His first console was an Atari VCS, and he misspent most of his youth in the 1980s in the arcades. As well as for Green Man Gaming, he can be found writing for The Guardian, Empire, TechRadar and Pocket-Lint. He’s currently having trouble deciding whether his favourite console is his Xbox One X or his Switch, and plays a wide range of games, but especially RPGs (he loves a good JRPG) action-adventure titles, shooters of all descriptions and driving games. Follow him here.