Microsoft has reported declines in Xbox revenue during the three months ended December 31, 2022 with gaming revenues were down 13% and Xbox content and services revenues down 12%, but were offset by the growth of Xbox Game Pass.
The Xbox Game Pass subscription business has reported a record number of active players, reporting a record 120 million monthly active users across its gaming ecosystem.
- Revenue: $52.7 billion (up 2% year-on-year)
- Net income: $16.4 billion (down 12%)
- Operating income: $20.4 billion (down 8%)
- More Personal Computing (incl. Xbox) revenue: $14.2 million (down 19%)
- Gaming revenue: Down 13%
- Xbox content and services revenue: Down 12%
- Xbox hardware revenue: Down 13%
- Monthly active users (gaming): 120 million
The company said that a number of the declines were in line with expectations.
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