Xbox delivers record monthly active users, but hardware revenue is still in decline
Microsoft's Xbox division achieved record monthly active users in Q3 FY26, despite a 7% year-on-year decline in overall gaming revenue. This decrease was primarily driven by a 33% drop in Xbox hardware revenue due to lower console sales volume and a 5% decrease in content and services revenue. New Xbox CEO Asha Sharma aims to revitalize the division, focusing on core fans and improving engagement, with initiatives like adjusting Game Pass pricing.
- Entities
- Company: Microsoft
- Topic: Daily Active Users
- Platform: Xbox
- Topic: Hardware Revenue
- Person: Satya Nadella
- Person: Amy Hood
- Person: Asha Sharma
- Topic: Game Pass
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