Sales-Age Microsoft Q1: Gaming revenue up 9%, Content & Services up 13% and Xbox hardware down 7%
ShadowkillXNA
Member
This is revenue not profit.
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
Where do you see the word profit?
TheBomb
Member
Thanks!
Just a modest/incremental revenues growth in services over a period with zero first party releases while their hardware business is declining in the third year over a period with shortages and less releases.
Many things are arguable but one thing is clear, Microsoft has been really effective this gen at killing their console hardware business.
Many things are arguable but one thing is clear, Microsoft has been really effective this gen at killing their console hardware business.
adamsapple
Or is it just one of Phil's balls in my throat?
The Starfield and Game Pass effect.
NonPhixion
Member
"taking a long time for Nintendo Xbox to see that their future exists off of their own hardware." - Some Asshole
ChuckeRearmed
Member
Damn at those software margins. With their profits it is time for a new acquisition.
Goalus
Member
Take Two
adamsapple
Or is it just one of Phil's balls in my throat?
I'm thinking more towards the east this time ?
The real winner here is Steam.
Edit. Ah, hardware, Ok.
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Negotiator101
Member
Don't they lose money on the hardware anyway? I'm sure that's what happens every generation?
zapper
Member
How can it be the best Q1 ever for Xbox if the revenue was higher in 2022? or I misunderstood
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
Did Benjy just forget that MS released a game called Starfield last quarter? Why is he so shocked?
X-Wing
Member
No one is buying Xbox to play their exclusives anyway. It's the downside of making everything available day 1 everywhere.
The writing is on the wall. Software and services (including cloud) is their main business now.
X-Wing
Member
Was higher at the end of the year, but the quarter (isolated) was higher than any other quarter (isolated). That's his point.
squidilix
Member
software, gamepass, core (ex-gold), dlc, revenue share 30%, and now they have activision/blizzard/king wich is full MT in all games / services
Highest Q1, chart below (ending June 30) is annual.
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
These numbers are for Q1 2024. So I'm not sure why the OP put up that chart. It's confusing people.
Unknown?
Member
Yup and when it's no longer tied to hardware, watch it skyrocket!
The Starfield and Game Pass effect.
ChuckeRearmed
Member
Yeah, I expect either Sega or Square Enix. Post ABK, none of the western publishers (like EA or T2) are interesting anymore. None of them are comparable to ABK in mobile. ABK was literally the biggest possible acquisition that is not a platform holder.
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Because It Is Q1 2024 and not 2023 ??
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CherryFalls
Banned
This is not a reliable source
Negotiator101
Member
Gaf said Starfield did nothing for Xbox though.
ChuckeRearmed
Member
nvm
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X-Wing
Member
How does hardware just keep on going down?
Are people reselling their Xboxes at this point?
Yes, next step is Microsoft having to pay people to take Xbox home.
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Magic Carpet
Gold Member
Really need to reduce the pride of the Series S by $150 bucks.
edit Pride=Price Typo this is a mistake
Ya know like the Series S
edit Pride=Price Typo this is a mistake
Ya know like the Series S
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Goalus
Member
I could be wrong, but it looks like he was trying to make the (actually good) numbers look as bad as possible.
freefornow
Member
Re: Series X hardware shipment estimates
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or provide more information
Horseganador
Member
Xbox Hardware Revenue declined by 7%, in the Starfield quarter and selling fewer consoles than in 2022, disaster.
Goalus
Member
Hence "I could be wrong". In this case it wasn't obvious to me - my bad then if it wasn't your intention.
MoreJRPG
Suffers from extreme PDS
Why is that a disaster? They had their best recorded revenue ever for software in a Q1. Xbox isn't about hardware and hasn't been for years.
ReBurn
Gold Member
Not particularly a disaster since you don't need a Series console to play new first party Xbox games. The software is where the money is, not the hardware. In this case selling fewer consoles on increased software revenue probably increases their margins considering they're probably losing money on hardware.
ChuckeRearmed
Member
I guess Activision will be included the next quarter.
TheGodfather07
Member
How could they be down so much in only year 3? It's not like the bar was even high as last year wasn't great either going by those numbers. They couldn't even match them atleast even with more stock this year. They need to cut the price and start a marketing campaign. If the decline continues how bad will next year be?
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Spitfire098
Member
Devs looking at this data should know which console versions to prioritize
FIREKNIGHT2029
Member
Hardware revenue is down during the same quarter as Starfield's release?
Negotiator101
Member
If overall revenue is going up they don't need to do anything. Also they'd lose even more money doing that as its already sold at a loss.