:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/5C223S33SJDKLJLJUMDZNXIMFI.jpg "Xbox Game Pass “breaks record” by reaching 120 million active users per month")
The subscription service video game GamePass has surpassed a record 120 million monthly active users, despite the results of Microsoft’s fiscal second quarter, which ended in December 2022, reveal that revenue from Xbox Have decreased.
As the director of Microsoft Communications, Frank Shaw, has transferred through a publication on Twitter, Xbox has seen “new highs” for Game Pass subscriptions, as well as monthly game streaming hours and active devices.
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Also, according to data shared by Microsoft CEO Satya Nadella in his earnings briefing call, Shaw has stressed that monthly active users “they surpassed a record of 120 million” during this trimester.
On the other hand, as Microsoft shows in its latest quarterly financial and earnings report, Xbox has decreased revenue from both hardware sales and platform content and services compared to the same period of the previous fiscal year. That is, Xbox has sold fewer games and fewer consoles.
Specifically, Xbox hardware revenue decreased 13% compared to the same period last year. As detailed by the company, this is due to “a lower price and volume of consoles sold”.
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On the other hand, the income obtained by content and services decreased by 12% compared to the previous year. In this sense, Microsoft has detailed that the results have been “impacted” by the reduction in game launches and own content, as well as by “a lower rate of monetization on third-party content”.
However, the company has stressed that this decline in profits from content and services has been “compensated in part” due to the growth in subscriptions to the Xbox Game Pass service.
The technology giant has posted a net profit of 16,425 million dollars in this period, which is equivalent to a decline of 12.5% compared to the earnings of the same period of the previous year.
Source: Elcomercio
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