Microsoft Gaming Division Hits Record High in Q3 2024 Thanks to Activision Blizzard

In the third quarter of the 2024 fiscal year, Microsoft's gaming division reached new heights. The company's revenue grew by 51%, and income from games, subscriptions, and services increased by 62%. This success was made possible after the acquisition of Activision Blizzard, whose financial results are now included in the overall figures with Xbox.

Despite the overall success, sales of the Xbox Series X|S consoles are showing a decline. In the third quarter, revenue from these devices fell by 31% compared to last year. Even the release of new exclusives like Starfield and Forza Motorsport could not stabilize the situation after a temporary increase during the Christmas quarter.

However, Microsoft's overall figures remain quite impressive. In the third quarter, the corporation's total revenue reached $61.9 billion, and net income was $21.9 billion, up 17% and 20% respectively compared to last year.

The Xbox Game Pass service continues to attract users: just in the first 10 days after adding Diablo IV to the catalog, subscribers spent over 10 million hours playing the game. This is one of the best results among all games from Microsoft's internal studios.