Microsoft’s gaming business has reported its best-ever quarterly revenues for a Q1 period for the second year in a row. The company published its results for the first fiscal quarter ended September 30, 2022. Xbox hardware revenue grew 13%, and gaming revenue grew “slightly” at 4%. Xbox content and services revenue declined by 3%, despite growth in Xbox Game Pass subscriptions. Microsoft CEO Satya Nadella said usage growth across all platforms was driven by the strength off console. Microsoft is currently facing scrutiny from global regulators over its proposed $68.7 billion acquisition of Activision Blizzard, amid antitrust concerns during a time of increasing consolidation in the gaming industry. Microsoft recently criticised the UK competition regulator’s decision to expand its inquiry into the . . .
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