Microsoft Corp‘s (NASDAQ:MSFT) gaming revenue surged by 51% year-over-year in the third quarter of fiscal 2024, reaching $5.45 billion. However, this impressive growth is largely attributed to the inclusion of Activision Blizzard and King, owner of successful IPs such as Call of Duty and Candy Crush Saga, which accounted for 55 percentage points of this growth, according to IGN. See Also: Microsoft CEO Satya Nadella Highlights Record-Breaking Gaming Performance, Expansion To Nintendo Switch, Sony PlayStation Xbox content and services revenue increased by 62%, largely due to the inclusion of Activision Blizzard. Excluding Activision Blizzard, the growth would have been only 1%.