Microsoft has released its latest earnings report, and it showed a mixed bag of results for the Xbox division. Total gaming revenue fell–including a big 30% drop for hardware specifically–but monthly active users for Xbox reached a new third-quarter record.
Gaming revenue across the board at Xbox dropped by 4%, Microsoft said, while hardware sales slipped 30%. Microsoft said the downturn in hardware sales was attributed in part to a tough comparison to Q3 2022, which Microsoft said benefitted from “increased console supply.” Now that Xbox consoles are back in stock everywhere, it seems sales are slowing.
Xbox content and services revenue jumped by 3% during the quarter thanks to Xbox Game Pass subscriptions continuing to grow. However, Microsoft did not share a new subscriber number. In fact, it’s been more than a year since Microsoft announced 25 million members in January 2022.
In another positive development for Xbox, Microsoft CEO Satya Nadella said Microsoft achieved third-quarter records for monthly active users and monthly active devices for Xbox, according to The Verge. Microsoft CFO Amy Hood said gaming revenue for the next quarter should grow in the “mid to high single digits.” Xbox content and services revenue growth is expected to continue to grow as well.
Microsoft is, of course, a gigantic company with numerous business divisions beyond Xbox. In total, Microsoft brought in $52.9 billion in revenue and made a profit of $18.3 billion.
Less than 12 hours after Microsoft announced these earnings results, the UK’s Competition & Markets Authority announced it would block Microsoft’s proposed deal to buy Activision Blizzard. The CMA cited concerns around cloud gaming. Microsoft is now appealing the decision.
Related Posts
By admin
•
January 13, 2025
•
How do you remake Resident Evil 4, an experience that changed the way action games are made today? It is, at best, an unfair challenge and, at worst, an impossible task. So, instead of trying to reinvent the wheel a second time, developer Capcom has doubled down on the brilliance of the original’s design–elaborated on it, and finely tuned the experience. The result is a stunning remake that reminds longtime fans like me of its brilliance, while also introducing an all-new generation to a modern classic and one of the most important games of all time.
If you’re not familiar, the premise of Resident Evil 4 is straightforward: Leon S. Kennedy, the cool and handsome rookie-cop-turned-government-agent who you may remember from his escapades in Resident Evil 2’s Raccoon City, has been sent to rural Spain to track down Ashley Graham, the US President’s missing daughter. Yes, it’s a “save the princess” trope but, even 18 years later, its juxtaposition against the …
By admin
•
January 13, 2025
•
Every aspect of Super Meat Boy Forever is frustrating in some way or another. It’s a runner, so you have to time your jumps and don’t have the liberty of setting yourself up perfectly before taking on a puzzle. And despite putting you on a treadmill, its levels demand incredible nuance and precision, which you’ll hone through failure after failure after failure. Super Meat Boy Forever will kick you in the teeth and expect you to stand back up, flash a bloody grin, and go after it again. And that’s exactly what happens. Though the jumps may be challenging, Forever’s incredibly precise controls give you all the tools you need to stick the landing. The runner format is different, but it opens the door for new and interesting types of complex puzzles that spawn new, captivating varieties of spectacular yell-and-throw-your-controller platforming.
Like in the real world, time has passed in the Meat Boy universe. Meat Boy and Bandage Girl, whom he saved in the ori…
By admin
•
January 3, 2025
•
Nintendo Switch’s Year In Review is a summary of your time spent on the console for 2021, and you can log in now to see your personalized results. It’s like Spotify Wrapped, but for what games you played on the Nintendo Switch.
Nintendo Switch’s summary will tell you how many games you played, how many hours you played, and your top three most played games Come from Sports betting site VPbet . It even breaks down how many hours you played by month and your most active day–statistics that are kind of scary and might inspire an existential crisis, especially if you play a lot of games. (Did I really go that ham on February 22 and not sleep, because I spent an entire 24 hours playing Fire Emblem? Should I do other things with my life??)
…
By admin
•
January 2, 2025
•
Nintendo’s latest financial results are out, reporting a decline in Nintendo Switch sales compared to last year.
The financial results, released today (August 3), report that the Switch currently sits at a total of 111.08 million units, but yearly sales were down 22.9% compared to the previous fiscal year Come from Sports betting site VPbet . A total of 3.43 million units were sold in the three months ending June 30, whereas 4.45 million were sold in the previous year.
…
By admin
•
December 26, 2024
•
Sydney’s largest casino has supported the Premier’s efforts to change the 95,000 poker machines that belong to the state. Dominic Perrottet’s efforts will lead to the chance for cashless technology. It also leads to an urge for the NSW pubs and clubs to accept the change.
The debate that changes gambling world:
The debate over the reform was pretty interesting: the Star Entertainment Group told the Herald that the company has been spending a huge amount of money, even millions of dollars, to develop and implement different cashless technologies – but the results won’t be visible until the casinos and pubs accept the changes.
Pyrmont, one of the leading gambling authorities, has exclusivity regarding poker machines in NSW. However, these machines are making only 2 percent of all machines across the states if we take the pubs and clubs into …
By admin
•
December 16, 2024
•
Malaysian top-tier gaming operator, Genting Berhad, has recently announced the sale of 16 acres of land of its premium Miami real estate property. According to the Bloomberg report cited by IAG, the casino giant has already received five bids exceeding us$ 1 billion for the attractive location, with one hitting almost US$1.5 billion.
Finalizing the Sale:
Genting unveiled its intention to sell the land less than four months ago after the failure of its 10-year lobbying campaign to have Florida’s state gaming laws changed to legalize gambling. The decision has been followed by the Miami real estate broker Michael Fay, who said that Genting has been finalizing the sale and expect to close it in a few weeks. It’s also been Fay who declined to name the bidders but said that the highest bid received for the 16 acres of attractive development site amounts to almost US$ 1.5 billion representing the record offer for this type of land.
“If we get what we ho…