Microsoft, first reported by TrueAchievements, revealed that the number of Xbox monthly active users hit an all-time high in the second quarter of its 2023 fiscal year.
This has nothing to do with the fact that overall gaming revenue has declined over the same period. During the earnings call, Microsoft spoke with investors about the second quarter of fiscal 2023, and Chairman and CEO Satya Nadella shared information about active users.
“We saw new highs in Game Pass subscriptions, game streaming hours, and monthly active devices. Monthly active users exceeded a record 120 million this quarter,” Nadella revealed.
The CEO also said that Microsoft will “continue to invest in increasing the value of Game Pass.” It recently partnered with Riot Games and is excited about its upcoming lineup of AAA titles, including “exciting new additions from ZeniMax and Xbox Game Studios.” New Game,” more information will be shared during today’s Xbox Developer Direct.
It’s also worth noting Microsoft’s current commitments. It wants to help customers realize the value of its technology and build long-term loyalty with them, and it also recognizes that we are entering the age of artificial intelligence. “As customers choose their cloud providers and invest in new workloads, we are well-positioned as a leader in AI to capture this opportunity.”
Nadella continued, “We have the most powerful AI supercomputing infrastructure in the cloud. Customers and partners like OpenAI are using it to train state-of-the-art models and services, including ChatGPT.”
Micrsoft also states that “moving to the cloud is the best way for any customer in today’s economy to alleviate demand uncertainty and energy costs, while increasing the efficiency of cloud-native development.”
While the number of monthly active Xbox users and Game Pass subscribers is currently skyrocketing, gaming revenue is doing the opposite. However, in addition to Microsoft’s growth plans, and its continued acquisition of ActivisionBlizzard, Xbox may continue to grow in the future.