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Home / Technology / Fortnite helps Xbox revenue jump 39% to $ 2.29 billion

Fortnite helps Xbox revenue jump 39% to $ 2.29 billion



The Xbox division helped Microsoft grow its bottom line in the fourth quarter of its fiscal 2018, revealed the company in its quarterly report. Revenue from the video game industry was $ 2.29 billion in the three month period ending June 30th. It is up 39 percent from the same period the year before.

"Gaming revenue increased $ 643 million or 39 percent, driven by higher revenue from Xbox software and services," read Microsoft's press release. "Revenues in Xbox software and services increased by 36 percent, mainly from third party title strength."

To translate this, Microsoft is seeing an increase in revenue from the Xbox platform, as consumers rush to buy games and microtransactions through the digital store. The company specifically refers to "third party title" strength, which is almost certainly a reference to the popular game of Royal Shooter Fortnite. That game has made nearly $ 1

billion in digital sales since its debut last year, and much of that revenue has come in recent months, according to research company SuperData.

Fortnite is popular on mobile, PC, PlayStation 4, Nintendo Switch, and Xbox One, and players spend money to take care of their virtual cosmetic items. When fans make these purchases through the Xbox Store, Microsoft takes 30 percent cuts. Other popular games like PlayerUnknown's Battlegrounds are likely to have the same effect, but Microsoft publishes it on Xbox One, so it's not a third-party title.

But games like Fortnite and PUBG not only send more microtransaction sales to Microsoft. The number of people using the service also increases as Xbox Live active monthly players have jumped from 53 million in the fourth quarter of fiscal policy 2017 to 57 million during the last quarter.

"Xbox Live Monthly Active Users Growed 8 [percent]" reads Microsoft's financial materials. "With continued growth on Xbox One, Windows 10 and mobile platforms."

Microsoft has also probably seen some new Xbox Live users from a surprising platform: Nintendo Switch. The universal bedrock version of Minecraft hit the Nintendo Switch on June 26th, bringing with it the ability to log into Xbox Live on this game through Nintendo's hybrid handheld / home console. It is possible that some Switch players log in to Xbox Live for the first time.


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