Microsoft hosted its quarterly financial conference call for investors and analysts and chief executive officer Satya Nadella and chief financial officer Amy Hood talked about the Xbox business.
Nadella talked about the success of the investments made by the company in gaming, boasting 18 million users for Forza Horizon 5 and over 20 million for Halo Infinite, defined “the biggest Halo launch in history.”
About gaming, the bets we have made across content, community, and cloud over the past few years are paying off. We saw record engagement as well as revenue this quarter.
Game Pass has more than 25 million subscribers across PC and consoles. Our differentiated content is diving the service’s growth and we released new triple-A titles this Holiday Season to rave reviews and record usage.
18 million have played Forza Horizon 5 to date and more than 20 million have played Halo Infinite making it the biggest Halo launch in history.
And with our planned acquisition of Activision Blizzard announced last week, we’re investing to make it easier for people to play games wherever, whenever, and however they want, and also shape what comes next for gaming as platforms like the Metaverse develop.
Hood mentioned that the supply of Xbox hardware (Xbox series X and S) during the Holiday season was higher than expected.
We also hear that the expectation for Q3 (between January and March) for the gaming segment involves revenue growth year on year in the mid-single digits. Console sales will continue to be impacted by supply chain uncertainties.
For Xbox content and services, Microsoft Expects revenue growth between mid-to-high single digits with strong engagement and continued momentum across the platform.
If you’re interested in Microsoft’s financial performance (especially in regards to the Xbox business) you can check out our dedicated article from earlier today.