Bloomberg: Xbox profit margin just 3%, Major Layoffs next month.

[Tober]

^^^^ This!!

Not being surprised if 'Accountability Margin' takes into account some kind of management fees payable to outside of Xbox as an inter-company transaction. Just funneling away money to corperate, making Xbox' division look worse.

Another possible distinction has to do with how Microsoft views the money they spend on acquisitions of Bethesta and Activision Blizzard King. Did they internally have corporate 'loan' the money to the Xbox division and requires scheduled pay-backs? This would not fall under 'Operating Margin', but could be part of 'Accountability Margin'.

So yes, a bit iffy with no clear definition what MS means by this.

Last edited by Tober - on 11 June 2026