Microsoft has shared its Q2 2024 financial results, reporting significant revenue gains across its gaming division - including a massive 61 percent increase in Xbox content and services revenue - following its $69bn acquisition of Activision Blizzard.
As per its Q2 earnings release, Microsoft's gaming revenue increased by 49 percent compared to the equivalent quarter in its previous financial year, with the company recording a 61 percent boost in Xbox content and services revenue - which encompasses money generated by the likes of Game Pass - alongside a three percent increase in Xbox hardware revenue.
Unsurprisingly, Microsoft's Activision Blizzard acquisition was a key driver of its Q2 growth, with the deal contributing to just over $2bn in revenue. However, operating expenses and other costs - including transaction- and integration-related costs - saw the net impact of the Activision Blizzard deal result in an operating loss of $440m.