Microsoft’s acquisition of Activision Blizzard is not expected to close until 2023, but its gaming division is already seeing excellent results.
Xbox had its best sales month ever in March, topping its previous record from March 2014.
Hardware sales reached $515 million in March and $1.2 billion in the first quarter, with the Xbox Series leading in both timeframes. Nintendo was the leader in total consoles sold.
Microsoft’s $75 billion acquisition of Activision Blizzard has a number of hurdles to clear. The deal is receiving regulatory scrutiny and is complicated by the gaming giant’s legal challenges.
Microsoft posted $41.7 billion in revenue in the first quarter of the year, up 18% year-over-year, led by 46% growth in cloud service revenue.
Xbox content and services revenue rose 4% year-over-year, helping the company’s More Personal Computing segment collect $14.5 billion in the quarter.