Microsoft’s Surface and Xbox hardware revenues take a big hit in Q3
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
This is the second quarter in a row that Microsoft is including its additional revenue from its Activision Blizzard acquisition that briefly pushed gaming to be Microsoft’s third-largest business. This time around, gaming is back into fourth place behind Windows thanks to stronger than expected Windows OEM revenue this quarter.
Despite a strong quarter for Microsoft with Office revenue and Microsoft Cloud revenue up 23 percent year over year, Microsoft’s overall gaming revenues are only up thanks to...