Xbox Revenue Sees Explosive Growth Thanks to Xbox One X

Xbox Revenue Sees Explosive Growth Thanks to Xbox One X

Microsoft posted growth for Q1 2019.

Microsoft posted its first quarter financial results for 2019 today and gaming is up for the Xbox brand.

Xbox hardware revenue grew 94 percent this quarter thanks to the Xbox One X, while gaming revenue is up 44 percent thanks largely to third-party games. Xbox Live active users have also grown to 57 million this quarter from 53 million last fiscal year.

All-in-all Microsoft's gaming business reported $2.7 billion in revenue for the quarter, compared to the $1.9 billion from Q1 in fiscal year 2018.

Microsoft posted a revenue of $29.1 billion and net income of $8.8 billion with revenue up 19 percent and net income up by 34 percent. The overall growth was powered by cloud.

Xbox One X is Microsoft's premium console capable of true 4k gaming. You can read our Xbox One X review here. However, Microsoft announced at E3 2018 that it's working on a new generation of consoles and rumors suggest that it could be a family of devices codenamed Scarlett. One of the devices could even be a streaming-only console.

Matt Kim

News Editor

Matt Kim is a former freelance writer who's covered video games and digital media. He likes video games as spectacle and is easily distracted by bright lights or clever bits of dialogue. He also once wrote about personal finance, but that's neither here nor there.

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