Xbox games and hardware revenue drops 13% in December quarter, Xbox Game Pass sees growth
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Microsoft has released its report on the results of the second quarter of fiscal 2023, which ended on December 31, 2022.
Xbox gaming revenue decreased by 13 percent year over year from $5.44 billion to $4.76 billion.
Revenue from Xbox content and services was down 12%. This was due to a “strong year-over-year comparison” with lower first-party content and lower third-party content monetization. This was “partially offset by growth in Xbox Game Pass subscriptions.
Xbox hardware revenue was down 13% year-on-year. This was prompted by “the declining price and volume of consoles being sold”.
Overall, Microsoft reported revenue up 2% year over year to $52.7 billion and net income down 12% to $16.4 billion.
“The next great wave of computing is here, as Microsoft Cloud transforms the world’s most advanced AI models into a new computing platform,” said Microsoft CEO Satya Nadella. “We are committed to helping our customers use our platforms and tools to do more. with less today and innovate for the future in the new era of AI.”
A long-time and passionate player, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was hired in 2010 as a Junior Analyst, rising through the ranks to Senior Analyst in 2012 and taking over Estimates of hardware in 2017. He expanded his involvement in the gaming community by producing content himself Youtube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.