Microsoft has revealed that during the second quarter of its fiscal year 2023, monthly active users on Xbox reached a record 120 million despite overall gaming revenue declining over the same period.
When speaking to investors during the fiscal year 2023 earnings call for Microsoft’s second quarter, CEO Satya Nadella said that Xbox surpassed 120 million active monthly users and that Xbox Game Pass subscriptions reached “new highs.”
Xbox Game Pass subscriptions reached “new highs” last quarter
“In gaming, we continue to pursue our ambition to give players more choice to play great games wherever, whenever, and however they want,” Satya Nadella said. “We saw new highs for Game Pass subscriptions, game streaming hours, and monthly active devices. And monthly active users surpassed a record 120 million during the quarter. We continue to invest to add value to Game Pass. This quarter, we partnered with Riot Games to make the company’s PC and mobile games, along with premium content, available to subscribers.”
Despite the record-breaking numbers, Microsoft’s financials for the same quarter have revealed that overall gaming revenue for the company decreased by 13%, with Xbox content and services dropping by 12% year-on-year. Similarly, Xbox hardware also saw a decline of 13% last quarter.
“We’re energised by our upcoming lineup of AAA game launches, including exciting new titles from ZeniMax and Xbox Game Studios,” Nadella continued. “In closing, I want to extend my deepest gratitude to our employees for their continued dedication to our mission, customers, and partners.”
You can catch a handful of the upcoming games during the Xbox Developer Direct later today.
