• Microsoft's Gaming and Xbox Divisions Saw a 13% Drop In Year-Over-Year Revenue

    6 days ago - By CG Magazine

    Microsoft announced its Q2 FY2023 results, along with Xbox and Games, and things don't look good.
    With the release of its Q2 financial results, Microsoft has provided a glimpse into the company's financial successes, including its Xbox and gaming divisions. While the company has substantial revenue overall, there was a notable drop compared to previous years, especially when it comes to games.
    Total gaming revenue was over $4,758 million, down 13% year-over-year , with Xbox content and services revenue down 12% from a strong launch last year. Lower first-party content revenue and...
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  • Xbox Gaming and Hardware Revenue Drops 13% in December Quarter, Xbox Game Pass Sees Growth

    Xbox Gaming and Hardware Revenue Drops 13% in December Quarter, Xbox Game Pass Sees Growth

    6 days ago - By VG Chartz

    Microsoft has released its earnings report for the second quarter of the 2023 fiscal year, which ended up December 31, 2022.
    Xbox gaming revenue declined 13 percent year-on-year from $5.44 billion to $4.76 billion.
    Xbox Content & Services revenue decreased 12 percent. This was due to a "a strong prior year comparable" with a decline in first-party content and lower monetization in third-party content. This was "partially offset by growth in Xbox Game Pass subscriptions.
    Xbox hardware revenue decreased 13 percent year-on-year. This was driven by "lower price and volume of consoles...
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