Xbox hardware revenue plunges 33% YoY as Microsoft refocuses on Game Pass and AI growth
TL;DR Summary
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.
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