Game Pass revenue jumped during the period but not enough to offset huge declines in hardware sales.
Now that Xbox consoles are back in stock everywhere, it seems sales are slowing.
In fact, it’s been more than a year since Microsoft announced 25 million members in January 2022.
Xbox content and services revenue growth is expected to continue to grow as well.
Microsoft is, of course, a gigantic company with numerous business divisions beyond Xbox.
In total, Microsoft brought in $52.9 billion in revenue and made a profit of $18.3 billion.
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