Xbox hardware revenue drops 33% year-on-year during Q3
Microsoft reported a 33% year-on-year drop in Xbox hardware revenue for its third quarter, alongside a 5% decrease in Xbox content and services. CEO Satya Nadella stated the company is focusing on foundational work to regain player engagement and improve quality. Recent changes to Game Pass pricing and strategy, including a renewed focus on daily active players and expanding into new markets, are part of Xbox's plan for sustainable growth.
- Entities
- Game: Sea Of Thieves
- Company: Microsoft
- Topic: Hardware Revenue
- Person: Satya Nadella
- Person: Matt Booty
- Platform: Xbox Series X
- Platform: Xbox Series S
- Game: The Elder Scrolls
- Game: Call of Duty
- Person: Asha Sharma
- Topic: Game Pass
- Topic: Content and Services Revenue
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