Today, Microsoft released its official figures for the fourth quarter of the 2024 fiscal year. Covering the financial period between April and June, the numbers suggest that Microsoft performed quite well in the fourth quarter. Here are the details…
Microsoft Ends the Fourth Quarter with Significant Profit!
Following its controversial $75.4 billion acquisition of Activision Blizzard last year, there was much anticipation regarding how Microsoft would fare financially this year. Despite fluctuating stock prices and a series of Game Pass price hikes, Microsoft closed the fourth quarter of 2024 with a remarkable increase.
According to the company’s financial reports, the revenue of the Personal Computing Division, which includes the gaming segment, increased by 44% compared to the previous year. This growth was largely driven by the Activision Blizzard acquisition, which contributed 48% of the increase. Meanwhile, Xbox Content and Services revenue saw a 61% year-over-year increase, slightly surpassing expectations, with 58% of that growth also attributed to the Blizzard acquisition.
Microsoft has made Skype ad-free. We have explained all the details about the innovations and changes that come with the new update.
A slide shared with shareholders and the press revealed that the total revenue Microsoft gained from the Blizzard acquisition was $1.69 billion, while the associated costs and operating expenses amounted to $570 million. This indicates that Microsoft’s persistence in pursuing this acquisition has paid off.
What are your thoughts on the official figures? Feel free to share your opinions in the comments section!
