Xbox smashes records with $15 billion revenues in FY2021

Microsoft just made more money from Xbox gaming than it ever has before, smashing through the $15 billion revenues mark in FY2021.

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Today Microsoft announced its FY2021 figures, showing record growth in its video games business.

Xbox smashes records with $15 billion revenues in FY2021 1

Microsoft has enjoyed consistent year-over-year growth since it transformed Xbox from a console into a cross-platform service ecosystem. From the introduction of its industry-defining Xbox Game Pass service in FY2017, Microsoft has seen its Xbox segment take off not unlike its new Flight Simulator game.

This year marks the biggest spike in games revenue earnings. Throughout FY2021, Microsoft generated over $15 billion in earnings from Xbox (+37.2% year-over-year), including game and hardware sales, digital services, microtransactions, and multi-generation hardware.

Xbox smashes records with $15 billion revenues in FY2021 2

Microsoft's gaming performance in FY21 was nearly $3.8 billion higher than the previous $11.575 billion record set in FY20, and was significantly amplified by coronavirus lockdown measures that surged in-game revenues and game sales. The launch of the Xbox Series X/S duo in holiday 2020 also helped increase revenues.

Xbox smashes records with $15 billion revenues in FY2021 3

Remember that this isn't profit or net income. Microsoft will re-invest these earnings into first-party games development, multi-billion dollar R&D endeavors including AI, machine learning, and to help fund first-party games, as well as shore up infrastructures like Xbox LIVE and Project xCloud streaming.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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