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Microsoft gaming revenues up 8% in Q2, Microsoft Stock up 3% after hours

Microsoft today reported financial results for its second fiscal quarter. The report showed that the company’s gaming business grew, but at a slower pace than the rest of the company.

Overall, Microsoft reported revenues up 20% to $51.7 billion with net income up 21% to $18.8 billion.

The More Personal Computing division — which includes Windows OEM revenues, search and news advertising, and the Surface line of products as well as Xbox — saw revenues up 15% to $17.5 billion, with growth driven primarily by Windows and search and news advertising. Microsoft Stock holders reaction was mixed. At first the Stock was sold down and then recovered almost 3% in After Hours.

Microsoft Stock after the Q2 Earnings Announcement

Microsoft’s gaming revenues were up a more modest 8%, with Xbox content and services revenue up 10% year-over-year, an improvement from the 2% growth and 4% declines posted in the prior two quarters, respectively.

Microsoft attributed the bump in Xbox content revenue to growth in first-party sales and Game Pass subscriptions — Halo: Infinite launched into Game Pass during the quarter — partially offset by a dip on the third-party front.

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