Microsoft is hosting its financial conference call for investors and analysts, and during the initial remarks, chief executive officer Satya Nadella and chief financial officer Amy Hood provided more insight into the performance of the Xbox business.
Nadella boasted "nearly 1 billion dollars" this quarter in revenue from subscriptions. We also hear that Microsoft's first-party games have surpassed 500 million lifetime unique users.
"We are rapidly executing on our ambition to be the first choice for people to play great games whenever, however, and wherever they want. We set third-quarter records for monthly active users and monthly active devices.
Across our content and services business, we're delivering on our commitment to offer gamers more ways to experience the games they love. Our revenue from subscriptions reached nearly 1 billion dollars this quarter.
This quarter we also brought PC Game Pass to 40 new countries nearly doubling the number of markets we are available.
Great content remains the flywheel behind our growth. We have now surpassed 500 million lifetime unique users across our first-party titles and have never been more excited about our pipeline of games, including the fourth-quarter launches of Minecraft Legends and Redfall"
Hood mentioned that the performance of the gaming business was better than expected. She also added that the company continues working to close the acquisition of Acquisition Blizzard by the end of June when Microsoft's fiscal year will end.
Speaking of the outlook for the current quarter (from April to June), Microsoft expects overall revenue growth for gaming to be in the mid-to-high single digits (approximately 5-9%). Xbox content and services to grow in the low to mid-teens (approximately 10-15%) driven by third and first-party content and Xbox Game Pass.
If you'd like to hear more about Microsoft's financial results, you can check out our dedicated article focusing on the quarterly performance of the Xbox business.