[Grisham]

Xbox closes its fiscal year with ‘record annual revenue’ | VGC

UPDATE: Xbox has “been the market leader in North America for three quarters in a row among next-gen consoles”…

www.videogameschronicle.com

The Xbox division reportedly generated record revenue during Microsoft's fiscal year ended on June 30, 2022.

Microsoft reported its fourth quarter earnings on Tuesday, when it said gaming revenue decreased $259 million or 7% compared to the same period last year, in line with its previous guidance.

Xbox hardware revenue decreased 11% and Xbox content and services revenue fell 6%, "driven by lower engagement hours and monetization in third-party and first-party content, partially offset by growth in Xbox Game Pass subscriptions", Microsoft said.

"The decline you're seeing in Xbox hardware is partly a reflection of the fact we had that launch… about two years ago, so with the supply constraints that we had seen over the last couple of years it has kind of extended out that period for consoles," Microsoft's director of investor relations Kendra Goodenough told The Verge.

"We're still seeing strong demand, but coming off those highs that we saw in the last couple of years with the launch."

Microsoft CEO Satya Nadella said during the company's earnings call on Tuesday: "We've sold more consoles life to date than any previous generation of Xbox and have been the market leader in North America for three quarters in a row among next-gen consoles.

"And with Xbox Cloud Gaming, we are bringing games to new end points. Players now can stream games on Samsung Smart TVs.

"And we partnered with Epic Games to make Fortnite available for free via the browser. Over four million people have streamed the game to date, including over one million who are new to our ecosystem."

 

[regawdless]

Despite the dip, it's pretty great to see them doing well. Consumers are hungry as fuck.

 

[quickwhips]

I hate all the bullshit as it's down but it's the best. Speak English. Btw I'm going to be the new Craig of war.