Xbox |OT|

[Ryuu96]

Ryuu96 said:

Microsoft FY 2023 Q3:

Gaming revenue declined 4% in the 3 months ending March, a bit above guidance.

This means ~ $3.59B in quarterly Xbox sales, its 2nd best Q3 ever behind last year.

Content & Services up 3%, well above estimate.

On the other hand, Hardware was 30% lower. pic.twitter.com/IMg5FoFEI6

— Dom ❌ (@DomsPlaying) April 25, 2023

Microsoft FY 2023 Q2 Call:

Here's guidance for Q3 gaming revenue:

Gaming: Decline in "high single digits."
Content & Services: Decline in "low single digits."
Hardware: No estimate.

Growth in Xbox Game Pass will offset lower 1st and 3rd party monetization.

Source: CFO Hood. pic.twitter.com/ZVYmfak7dy

— Dom ❌ (@DomsPlaying) January 24, 2023

• Gaming Projection: Decline in High Single Digits.
• Actual: Decline in Low Single Digits.

Beat Expectations.

• Content & Services Projection: Decline in Low Single Digits.
• Actual: Increase in Low Single Digits.

Beat Expectations

• Hardware: No Estimates Given.

????

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The Hardware decline is pretty bad. But they beat projections for Gaming overall and Content & Services so these results aren't as bad as expected. Surprised to see Content & Services beat expectations, another note of Game Pass growth as well.

Last edited by Ryuu96 - on 25 April 2023