microsoft q3

Microsoft’s Q3 2024 Financials: Console Sales Declining But Gaming Revenue Soaring

Microsoft’s recent financial filings and earnings call (Q3 of 2024) revealed a concerning trend: Xbox console (X/S) sales have dropped by a staggering 31% year-on-year basis. This decline is a stark contrast to the company’s competitors, Sony and Nintendo, who have maintained a stronger foothold in the hardware market. Microsoft’s Gaming Revenue Soars Despite Console Sales Slump…

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GameSquare Unveils Record Revenues of $52M Despite Net Loss in 2023

North American esports and gaming company GameSquare has recently released its financial report for the year 2023, revealing record revenues of $52 million. This represents a massive 85% increase over the previous year’s $28.1 million in revenues. What Fueled Growth? According to GameSquare’s report, the surge in revenue was mainly driven by the successful integration…

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Paradox Interactive Reports Record Revenues But Mixed Success for New Games in 2023

Swedish video game publisher Paradox Interactive has published its financial results for 2023, highlighting record revenue growth but mixed feelings about some of its major game launches last year. What were Paradox Interactive’s key financials in 2023? Paradox Interactive generated its highest-ever annual revenues of $252.5 million in 2023, a 34% increase from 2022. However,…

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Microsoft’s Gaming Juggernaut Rolls On: Xbox Revenue Up 49% – What’s Powering Their Epic Growth?

Microsoft dropped its latest earnings release for Q2 FY2024 – Xbox revenue rose by 61% while overall gaming revenue by 49% year-over-year. Here is Microsoft’s overall earnings summary for Q2 FY2024 Revenue $62 Billion +18% Operating Income $27 Billion +33% Net Income $21.9 Billion +27% Cloud Revenue $33.7 Billion +24% Xbox Content & Services Revenue…

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