During Microsoft’s quarterly financial conference call for investors and analysts, chief executive officer Satya Nadella and chief financial officer Amy Hood talked about the company’s gaming business.
Nadella mentioned that Microsoft saw “all-time record engagement” with 90 million Xbox Live monthly active users in the past quarter.
On top of that, Xbox Game Pass has over 10 million subscribers, driving monetization of in-game content and services.
“Millions of people are turning to gaming to sustain human connection while practicing social distancing and we continue to deliver new exclusive first and third-party content to attract and retain gamers.
We saw all-time record engagement this quarter with nearly 90 million active users of Xbox Live led by the strength on and off consoles.
Xbox Game Pass has more than 10 million subscribers and we’re seeing increased monetization of in-game content and services.
And our project xCloud gaming service now has hundreds of thousands of users in preview across seven countries with eight more launching in the coming weeks.
Hood then mentioned that gaming revenue in the quarter was “better than expected.” There was “strong growth” for both Xbox Game Pass and Minecraft. She also expects this kind of performance to continue in the current quarter (from April to June).
Speaking of the current quarter, the outlook for gaming is revenue growth in the high teens with continued strong user engagement across the platform.
If you want to hear more about Microsoft’s latest financial results and the performance of its gaming business, you can check out our dedicated article from earlier today.
Published: Apr 29, 2020 05:51 pm