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Xbox hardware revenue plunges 33% YoY as Microsoft refocuses on Game Pass and AI growth

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Source: GamesIndustry.biz
Xbox hardware revenue plunges 33% YoY as Microsoft refocuses on Game Pass and AI growth
Photo: GamesIndustry.biz
TL;DR

Microsoft posted a mixed Q3: revenue rose to $82.9B (up 18%), driven by Cloud/AI, while Xbox hardware revenue dropped 33% year over year and overall gaming slid 7%, with Game Pass price cuts following a prior price hike. CFO and leadership said Microsoft will focus on fundamentals, sustain Game Pass value, and push growth through new markets and creator platforms under the refreshed Xbox leadership.

Topics:technologybusiness#business#earnings#game-pass#hardware-revenue#microsoft#xbox
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  1. Xbox hardware revenue drops 33% year-on-year during Q3  GamesIndustry.biz
  2. Xbox CEO Reacts To Yet Another Disappointing Period For Xbox  GameSpot
  3. Microsoft reports sinking Xbox revenue as its cloud business climbs  The Verge
  4. ‘We know we have work to do’: Xbox’s Asha Sharma comments on latest financials as Xbox revenue declines again  Video Games Chronicle
  5. 'We Know We Have Work to Do' — Microsoft's Continued Console Sales Struggle Shows the Stark Reality of the Job Facing New Xbox Boss  IGN

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