Xbox revenue plunges $1.7bn, with hardware dropping 29% YoY
Microsoft's latest financial results reveal a significant 7% year-on-year decline in Xbox revenue for the full year and 10% in the fourth quarter, primarily driven by a 29% drop in hardware sales. Despite growth in Game Pass, content and services revenue also fell by 10%. The company announced widespread layoffs affecting 4,800 roles, including 1,600 at Xbox, as part of a restructuring aimed at long-term growth, with several studios transitioning to new management or becoming independent.
Games Industry
- Entities
- Arkane Leon
- Company Restructuring
- Microsoft
- Ninja Theory
- Game Pass
- Financial Results
- Satya Nadella
- Layoffs
- Compulsion Games
- Activision Blizzard
- Undead Labs
- Xbox
- Hardware Sales
- Xbox Series X
- Xbox Series S
Original source
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