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Welcome to Tech News Briefing.

It's Wednesday, July 31st.

I'm Zoe Thomas for the Wall Street Journal.

Banks are looking to reach millennial and Gen Z customers,

and they're turning to the $57 billion a year

video game industry. We'll tell you how. And then, America's political drama

has fueled interest in using the platform, formerly known as Twitter. Our columnist Tim Higgins

will join us to explain why users say the

vibes are back on Elon Musk's X and whether Musk can reclaim X's place in the

collective conversation.

But first, Microsoft reported nearly $65 billion in overall revenue in the latest quarter, which was the end of its

fiscal year. That's a 15% increase from a year earlier. For the full fiscal year, Microsoft

took in 245 billion billion in revenue, a nearly 16% jump from the previous year.

On the gaming side of Microsoft's business, revenue from Xbox content and services rose 61%, driven mostly by the impact of its acquisition of video game publisher Activision.

Meanwhile, Barclays introduced an Xbox Mastercard last fall that is letting gamers turn their video game spending into credit card points.

The card is a collaboration with Xbox Parent Microsoft,

and it aims to capitalize on the surge in gaming and related

spending that started during the pandemic.

It could also be a way to reach younger customers.

...