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Microsoft Reveals Q4 FY19 Results, Xbox Hardware Revenue Declines by 48 Percent
Gaming revenue down by 10 percent, while Xbox Live monthly active users hit 65 million.
Posted By Ravi Sinha | On 19th, Jul. 2019 Under News
Microsoft has revealed its financial results for the fourth quarter of he 2019 fiscal year. Overall, revenue was at $33.7 billion, up by 12 percent, with operating income at $12.4 billion, a 20 percent increase. Gaming revenue, however, saw a decline of 10 percent, or $233 million.
Xbox hardware revenue saw the most significant decline with a 48 percent drop. Microsoft reported that was partially due to a decrease in the volume of consoles sold, though it long stopped offering actual sales figures. Meanwhile, software and services revenue declined by 3 percent, which was offset by the growth in subscription.
The number of monthly active users on Xbox Live saw an increase over the past few months to 65 million. Currently, Microsoft is ramping up production of its first party titles, along with developing Project Scarlett, its next generation Xbox console. Project Scarlett is out in Holiday 2020, so it will be interesting to see how the company’s current hardware sales fluctuate over the next several months.
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