"Microsoft's Xbox Revenue Soars 49% After Activision Acquisition"

Microsoft's Xbox division saw a 49% increase in gaming revenue during the second fiscal quarter, attributed to its acquisition of Activision Blizzard. The company's gaming revenue reached $7.1 billion, with Xbox content and services revenue rising 61%. Microsoft's CEO highlighted the addition of hundreds of millions of gamers to their ecosystem and emphasized the importance of great content for growth. The company also announced plans for revenue growth in the low 40s for the current quarter, including approximately 45 points of net impact from the Activision acquisition. Additionally, Microsoft revealed plans to lay off 1,900 staff across Xbox, Bethesda, and Activision Blizzard, representing around 8% of its gaming division.