Microsoft reports Q1 gaming revenue down 2% YoY to $5.51B, Xbox hardware revenue down 29%, and Xbox content and services revenue up 1% (Jennifer Maas/Variety)

Jennifer Maas / Variety: Microsoft reports Q1 gaming revenue down 2% YoY to $5.51B, Xbox hardware revenue down 29%, and Xbox content and services revenue up 1%  —  Microsoft reported its latest quarterly earnings results Wednesday, revealing that gaming revenue decreased $113 million (2%).

Microsoft reports Q1 gaming revenue down 2% YoY to $5.51B, Xbox hardware revenue down 29%, and Xbox content and services revenue up 1% (Jennifer Maas/Variety)
Jennifer Maas / Variety: Microsoft reports Q1 gaming revenue down 2% YoY to $5.51B, Xbox hardware revenue down 29%, and Xbox content and services revenue up 1%  —  Microsoft reported its latest quarterly earnings results Wednesday, revealing that gaming revenue decreased $113 million (2%).