Published , by Bill Lavoy
Published , by Bill Lavoy
Microsoft (MSFT) reported its Q2 2024 earnings results, and within the overall report was mention of a big bump in revenue for Xbox content and services thanks to the Activision-Blizzard acquisition.
Microsoft reported a revenue increase of 61 percent from content and services year-over-year. That’s a 61 percent increase when compared to Q2 2023. Microsoft attributes 55 basis points of the content and services 61% revenue growth directly to Activision Blizzard. This information was posted under the Business Highlights section of the earnings report that Microsoft posted to its investor relations website.
Overall, Microsoft posted a beat for revenue and EPS expectations in its Q2 2024 earnings report. The stock, however, was down in after-hours trading following a short spike. You can keep tabs on what is now the world’s largest company by checking out the Microsoft topic page on Shacknews.