However, its gaming division saw a broad decline, with total gaming revenue down 9% and Xbox content and services revenue falling 5% for the quarter ended December 31. During the earnings call, Microsoft CFO Amy Hood revealed that Xbox content and services revenue declined 5% year over year and was below estimates. According to Microsoft, the decrease was caused by a dearth of Xbox first-party content that affected the entire platform. Xbox hardware revenue dropped 32%, while Microsoft gaming revenue dropped 9%. The Xbox drop contrasted with Microsoft’s overall revenue of $81.3 billion, a 17% year-over-year gain.