Xbox |OT|

Ryuu96

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Ryuu96 on 25 April 2023

Microsoft's Q3, 2023 earnings are out:

🎮 Xbox hardware revenue down 30%
📷 Gaming revenue down 4%, Xbox content + services up 3%
🖥️ Windows OEM revenue down 28% and devices down 30%

Full details here: https://t.co/B3F63fH6bG
— Tom Warren (@tomwarren) April 25, 2023

Last edited by Ryuu96 - on 25 April 2023

Ryuu96

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Ryuu96 on 25 April 2023

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

Ryuu96

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Ryuu96 on 25 April 2023

🎮 Xbox content and services revenue increased 3%

⤵️ Gamine revenue declined 4%

📉 Xbox hardware revenue declined 30%

Microsoft says console sales were down because of supply constraints pic.twitter.com/HI6vKgrHEw
— Brad Sams (@bdsams) April 25, 2023

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Spade on 25 April 2023

Looks like Ryuu won L of the week!

https://www.trueachievements.com/gamercards/SliferCynDelta.png%5B/IMG%5D">https://www.trueachievements.com/gamer/SliferCynDelta"><img src="https://www.trueachievements.com/gamercards/SliferCynDelta.png

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Zippy6 on 25 April 2023

"Supply constraints". Yes but why

Ryuu96

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Ryuu96 on 25 April 2023

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 âŒ (@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.

????

-

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

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Ryuu96 on 25 April 2023

So yeah, pleasantly surprised by this. The doom and gloom around Xbox is definitely overblown (outside of hardware)

Need to fix a lot on the first party software side and improve hardware performance but this could have been a lot worse
— Benji-Sales (@BenjiSales) April 25, 2023

chakkra

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chakkra on 25 April 2023

Zippy6 said:

"Supply constraints". Yes but why

If you ask me, I suspect those "supply constraints" will be magically fixed once the ABK deal is approved.

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shikamaru317 on 25 April 2023

coolbeans said:

Since it hasn't been posted yet...

Sony getting exposed badly. Sony restricts companies from working with Xbox! These are 3rd party deals. Jim doing all that crying though saying MS will be unfair ðŸ¤¡Awww man when the deal goes through we laughing pic.twitter.com/8OeevFNmxF
— Dee Batch (@Dee_Batch) April 25, 2023

And people wonder why I hate modern Sony and Square, gee, I wonder.

Ryuu96

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Ryuu96 on 25 April 2023

Microsoft FY 2023 Q3:

Using the reported decline of 4%, quarterly gaming revenue was ~ $3.59B.

Annual Xbox sales are just above $15.4B right now.

Xbox Content & Services is upwards of $12B, or 78% of the total based on my math.

Here's annualized Xbox business sales over time. pic.twitter.com/Dnmeo8COVS
— Dom (@DomsPlaying) April 25, 2023

Xbox hardware revenues from FY15 to present.

Xbox console sales declined 30% from Q3'22, which indicates around $508 million in HW revenues. pic.twitter.com/eExuIoUw4C
— Derek Strickland (@DeekeTweak) April 25, 2023

Xbox Revenue for Q3 2023 Fiscal Year

Total Gaming: $3,607,000,000
Content and Services: ~$3,100,000,000
Hardware: ~$507,000,000 pic.twitter.com/Fd4XPsuKgO
— John Welfare (@Welfare_JBP) April 25, 2023

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