Today Microsoft hosted its quarterly financial conference call for investors and analysts, chief executive officer Satya Nadella and chief financial officer Amy Hood talked about the Xbox business.
Nadella gave an overview of the quarterly performance and announced that Xbox Live achieved over 100 million monthly active users.
On the other hand, Game Pass reached 18 Million Subscribers.
“[In gaming] we surpassed $5 billion in revenue for the first time in this quarter as we expand our opportunity to reach the world’s 3 billion gamers wherever they play.
The launch of Xbox Series X and Series S was the most successful in our history with the most devices ever sold in a launch month.
Game developers are benefiting too as they turn to us to reach more players and scale their games using the power of our cloud.
We exceeded $2 billion in revenue for third-party titles this quarter for the first time.
We’re gaining console share as gamers recognize the value of our broader ecosystem.
Xbox Live has more than 100 million monthly active users while Game Pass has now 18 million subscribers, and we’re transforming how games are distributed, played, and viewed bringing cloud gaming and Game Pass to iOS devices and Windows PC over the next few months.
We’re pleased with the overall growth in our consumer subscriptions, with Game Pass […] we have a large and growing consumer subscription business.”
Hood mentioned the guidance for the gaming business in the current quarter (between January and March). Microsoft expects revenue to grow by approximately 40% driven by next-gen console sales and growth for Xbox content and services in the mid-20%.
She added that the company expects continued strong engagement on the Xbox platform and significant demand for Xbox Series X|S, which will be still impacted by shortages.
If you’re interested in Microsoft’s financial performance (especially in regard to the Xbox business) you can check out our dedicated article from earlier today.
