What you need to know
- Microsoft shared its financial results for FY22 Q4, ending June 30, 2022.
- The company saw a 6% decrease year-over-year in Xbox revenue due to lower engagement and limited hardware supply.
- This decrease was partially offset by an increase in Xbox Game Pass subscribers.
Microsoft shared its FY22 Q4 earnings on Tuesday, confirming a slight expected dip in Xbox content revenue.
Microsoft revealed that there was a 6% decrease year-over-year in Xbox revenue, which was driven by lower console supply and lower engagement. Microsoft noted that this dip was partially offset by an increase in Xbox Game Pass subscribers.
The company had previously seen steady growth across Xbox year-over-year, per Microsoft’s FY22 Q3 earnings.
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