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Microsoft’s Gaming Reset Faces A Hard Reality In XBOX’s Latest Earnings
['Philip Watson']
News – CGMagazine
Despite a dismal financial earnings report released by Microsoft showing a steep decline in its gaming sector (XBOX) for Q4, Asha Sharma has a positive outlook for FY27.
The filing shows the gaming division’s revenue decreased by $1.7 billion, or 7%, driven by declines in console content, services, and hardware sales.
Interestingly enough, the company as a whole was seeing continued growth, with revenue up 18%, but the gaming division has been driving losses.
This is despite waves of layoffs (touted as a company reset); CEO Asha Sharma claimed this company reset was a ‘recommitment to gaming investment.’
That will take time, but we expect to return to growth by the end of FY27.