Xbox gaming revenue down 13%, but Game Pass hits ‘new highs’

After a record-breaking Q1 last year, Microsoft has announced a 13% decline in Xbox gaming revenue for the most recent quarter, but says Game Pass has hit “new highs.”

In its latest earnings report for the second quarter of its fiscal year ending December 31, 2022, Microsoft confirmed a 13% decline in gaming revenue compared to the same quarter last year (thanks Windows headquarters), highlighting the decline in first-party content and lower monetization in third-party content.

It also saw a 12% decline in Xbox content and services revenue, as well as a 13% decline in Xbox hardware revenue — though all declines were broadly in line with earlier expectations, with the decline to a strong year-over-year in the second quarter of fiscal year 22. This quarter saw Microsoft launch Halo Infinite, Forza Horizon 5, and Age of Empires compared to last quarter, when Xbox’s only first-party title was Obsidian Entertainment’s Pentiment.

Eurogamer Newscast: What to look forward to in 2023!

Despite the reported revenue declines, Microsoft said the reductions were offset by the continued growth of Xbox Game Pass, which, according to Frank X. Shaw, the company’s senior communications manager, is hitting “new highs” in “subscriptions, game streaming hours and monthly active devices” listed on twitter. Game Pass is now said to have 120 million active users, but Microsoft has yet to provide an update on subscription numbers, which reportedly hit 25 million last January — a number that’s stayed the same throughout last year.

Of course, 2023 will be a busy year for Xbox, heralding the long-awaited release of Bethesda’s Starfield, Arkane’s Redfall, and more. Microsoft will be showcasing some of its upcoming first-party titles – including Redfall, Forza Motorsport, and Minecraft Legends – tomorrow, January 25, in a developer-focused live stream.

https://www.eurogamer.net/xbox-gaming-revenue-down-13-but-game-pass-reaches-new-highs Xbox gaming revenue down 13%, but Game Pass hits ‘new highs’

Fry Electronics Team

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