Microsoft Announces Financial Results, Revenue is Down

January 31, 2020
Microsoft Announces Financial Results, Revenue is Down

Microsoft has announced their financial results for the period between October 1 and December 31 (Q2 2020). Both gaming revenue and service revenue are down.

Based on the financial results we see that gaming revenue has dropped 21% year-on-year, and Xbox content and service revenue is down 11% year-on-year. On the other hand, there was growth in subscription numbers. When talking in actual money, gaming revenue was $3.327m, while the revenue from the previous year in the same period was $4.232m.

When talking about hardware, we see a 43% drop year-on-year. Which isn’t surprising considering that it’s the end of the generation.

Moving away from gaming and gaming related revenue, Microsoft in its entirety had a good quarter. Revenue increased by 14%, making it $36.9 billion.