MADRID, 25 Jan. (Portaltic/EP) –
video game subscription service GamePass has passed a record with 120 million monthly active usersdespite the results of Microsoft’s fiscal second quarter, which ended in December 2022, reveal that the Xbox revenues have declined.
As he has transferred the Director of Communications at Microsoft, Frank Shaw, Through a post on Twitter, Xbox has seen “new highs” for Game Pass subscriptionsas well as game streaming hours and monthly active devices.
Also, according to data shared by Microsoft CEO Satya Nadella, In his earnings call, Shaw has stressed that the monthly active users “surpassed a record 120 million” during this quarter.
We saw new highs for Game Pass subscriptions, game streaming hours, and monthly active devices. And monthly active users surpassed a record 120 million during the quarter.
—Frank X. Shaw (@fxshaw) January 24, 2023
On the other hand, as Microsoft shows in its latest quarterly financial and earnings report, xbox has declined the income both from the sale of hardware and from the content and services of the platform with respect to the same period of the previous fiscal year. That is to say, Xbox has sold fewer games and fewer consoles.
Specifically, the income of the ‘Xbox hardware’ decreased by 13 percent compared to the same period of the previous year. As the company has detailed, this is due to “a lower price and volume of consoles sold”.
On the other hand, the income earned by content and services decreased 12 percent compared to the previous year. In this sense, Microsoft has detailed that the results have been “impacted” by the reduction in game releases and own contentas 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 “partly offset” by growth in Xbox Game service subscriptions Pass.
The tech giant has posted a net profit of 16,425 million dollars (15,095 million euros) in this period, which is equivalent to a 12.5 percent retracement compared to earnings for the same period of the prior year.
