"Microsoft's Gaming Revenue Soars 49% After Activision Purchase"

Microsoft's Q2 2024 financial report revealed a 49% increase in gaming revenue, with a 61% surge in Xbox content and services revenue following its $69bn acquisition of Activision Blizzard. The acquisition contributed over $2bn in revenue but also resulted in an operating loss of $440m due to expenses. Gaming is now Microsoft's third largest business, generating over $7.1bn in revenue for the quarter. This news comes after the announcement of layoffs affecting 1,900 workers across Microsoft's video game teams and the departure of Blizzard president Mike Ybarra.