Microsoft’s Xbox division announced its fiscal year 2023 financial report, with a cumulative revenue of 15.477 billion U.S. dollars, ranking second in the department’s revenue history.
What’s interesting is that Microsoft’s revenue in the fourth fiscal quarter (Q2 of this year) did not meet Microsoft’s expectations due to weakness in first-party and third-party games.
Xbox Game Pass game time has increased by nearly 25% over last year, and the number of monthly active users has also hit a record high, but Microsoft, as before, has not disclosed the revenue and subscriber scale of the Game Pass business.
According to tweaktown report, Xbox Game Pass has more than 25 million subscribers.
Matt Booty, head of Xbox Game Studios, confirmed that the company’s first-party games have more than 150 million monthly active users across all devices, and that includes stats for games like Minecraft on the Switch, Sony PlayStation and more.
The latest financial report shows that sales of Xbox game consoles fell 13% year-on-year in the quarter and 30% month-on-month, with Microsoft citing supply issues as the main reason. Xbox content and services revenue increased 5% year-on-year, and the overall gaming business revenue was $36 million, an increase of 1% year-on-year.
