Xbox sales revenue fell by 30%, but the number of Xbox Game Pass subscribers is growing

Xbox sales revenue fell by 30%, but the number of Xbox Game Pass subscribers is growing
Published by 26 Apr, 2023 0 likes

Microsoft introduced a report for the third quarter of the current financial year, from which it turned out that the revenue from sales of the Xbox Series X | S sales fell by 30%immediately.

It is noted that this is primarily due to problems with the availability of gaming systems in the market - at the beginning of 2022, the situation with deliveries was better.

Nevertheless, despite such a large fall in the iron sector, in general, the business unit of Microsoft goes very well - it has only only been 4% for the quarter compared to the same period last year.

The Xbox unit has generated $ 3.6 billion revenue over the past three months - this is the second largest result of the third quarter in the entire history of the brand.

The record was recorded a year earlier - then Microsoft received $ 3.74 billion from the game segment in three months. Losses from problems with iron supplies were able to compensate for games and services - this segment, the main source of income for Xbox, increased by 3%.

Moreover, only subscriptions from the Xbox Game Pass, led by almost $ 1 billion revenue.

Microsoft CEO, Satia Valel, said that the number of Xbox Game Pass subscribers is growing confidently, but the exact numbers were not named.

According to him, Xbox can also boast of the record levels of players involvement and the average monthly user activity on Microsoft platforms.

The number of unique users in Microsoft's games reached 500 million people, and the corporation is optimistic at the next quarter that will cover the launches of Minecraft Legends and Redfall - two new games from the Xbox Game Studios.

The revenue of all Microsoft for the quarter amounted to $ 52.9 billion, operating profit - $ 22.4 billion, net profit - $ 18.3 billion. These indicators increased by 7%, 10% and 9%, respectively.

 

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