At the time of the third quarter earnings conference call In Microsoft’s fiscal 2023, the company saw notable growth in its Xbox games division. The call highlighted three key aspects of this growth: a record number of monthly active users and devices, significant revenues from gaming subscriptions, and an impressive unique user milestone across all top-tier titles.
500 million players for first-party games
Microsoft announced that the total number of first-party unique users has reached a remarkable 500 million. This achievement underscores the success of Microsoft’s games division and the company’s ability to create and maintain a portfolio of diverse and engaging games for its users, as emphasized by Satya Nadella.
Record number of monthly users
Without giving specific numbers, Nadella said that the most recent quarter saw a record number of monthly active Xbox users and connected devices. Other Important Information, Game Subscription Services brought in $1 billion last quarter. This sizeable revenue is a testament to the growing popularity of these subscription services and their potential to fuel the growth of the gaming industry.
An estimated growth for the fourth quarter
Amy Hood, chief financial officer, provides some guidance information for the next quarter. Microsoft expects overall Xbox game revenue growth to be in the mid-single digits. This growth is mostly driven by content and services, which should see growth of around 10%. However, no specific forecast has been made for hardware sales. It should also be noted that these projections do not take into account the impact of the recent acquisition of Activision Blizzard.
