Microsoft Xbox's second quarter of fiscal 2023 ended poorly

Microsoft Xbox's second quarter of fiscal 2023 ended poorly ...

Microsoft has released financial statements for the second quarter of fiscal 2023, which are unfortunately, disappointing: gaming division revenues fell by 13% from October to December, resulting in a $4.74 billion loss in Xbox sales, the lowest level since the second quarter of 2020.

The Xbox Content & Services division reported a decrease, in this case by 12%, while Xbox hardware sales are down 13%, according to the company, which has just sued PlayStation to defend itself from the FTC's lawsuit.

Microsoft explains that the decrease in first-party content and a reduced degree of monetization in third-party productions are partly to blame for an increase in Xbox Game Pass subscriptions.

Microsoft's operating profit was down 8% and the distribution of Windows in OEM format was a complete failure, but there are also businesses that have made improvements, including the cloud, which has increased by 18%, and Bing and LinkedIn both gained +20%.

You may also like: