Microsoft reported record Xbox gaming revenues and console sales fell by 31%

In many ways, Microsoft’s gaming division owes its good financial performance to Activision Blizzard, without which the statistics would have been much worse

Microsoft released its report for the third financial quarter, from which it became known about the collapsed sales of Xbox consoles and the soaring revenue of the corporation’s gaming division from games and services.

In numbers:

• Xbox content and services revenue, including Xbox Game Pass, grew 62%, 61% of which came from Activision Blizzard
• Gaming revenues grew by 51%, again driven significantly by ActiBlizz, which accounted for 55%
• Console sales collapsed by 31%

Activision Blizzard’s third-quarter revenue was $1.97 billion, but integration, cross-border and other transaction costs totaled $980 million. Based on operating expenses of $1.34 billion, Activision Blizzard’s loss is $350 million.

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Image credit: aset_water. Image source: Reddit